LAKE MICHIGAN SAIL RACING FEDERATION INC (EIN 363104415) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

GAIL TURLUCK

Phone

3218576540

Tax Period

2023-01-01 to 2023-12-31

LAKE MICHIGAN SAIL RACING FEDERATION INC, founded in 1980, is a micro nonprofit in the Recreation & Sports sector that reported $63K in total revenue in fiscal year 2023. Expenses of $58K left a modest 9% surplus.

Mission

SAILING INSTRUCTION AND RACING ACTIVITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,116

Program Service Revenue $0

Investment Income $21,999

Other Revenue $0

TOTAL REVENUE $63,115

Expense Breakdown

Grants Paid $24,425

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,535

Other Expenses $33,110

TOTAL EXPENSES $57,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,115	$65,760	0.0%
Expenses	$57,535	$56,673	+0.0%
Net Income	$5,580	$9,087	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$21,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL TURLUCK	SECRETARY	030.00	Director	$21,840	$0	$21,840
J LAWRENCE TAUNT	COMMODORE	003.00	Director	$0	$0	$0
SAMUEL NEDEAU	PAST COMMODORE	003.00	Director	$0	$0	$0
HUGH HAGGERTY	VICE COMMODORE	003.00	Director	$0	$0	$0
GLENN MCCARTHY	VICE COMMODORE	003.00	Director	$0	$0	$0
GRANT CHENEY	VICE COMMODORE	003.00	Director	$0	$0	$0
HERBERT PHILBRICK	TREASURER	003.00	Director	$0	$0	$0
THOMAS ATKINS	VICE COMMODORE	003.00	Director	$0	$0	$0
CHUCK GOES	DIRECTOR OF I.T.	003.00	Director	$0	$0	$0
JORDAN OWEN	VICE COMMORE	003.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$63,115	$57,535	$831,078	$5,580
2022	$65,760	$56,673	$757,620	$9,087
2021	$54,472	$31,658	$784,511	$22,814
2020	$44,301	$44,617	$741,674	$-316
2019	$48,296	$48,668	$685,364	$-372
2018	$60,367	$47,305	$597,216	$13,062

LAKE MICHIGAN SAIL RACING FEDERATION INC