Sheridan Shore Sailing School (EIN 364336526) - 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

1999

Legal Domicile

Phone

8472511110

Tax Period

2023-11-01 to 2024-10-31

Sheridan Shore Sailing School, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $623K in total revenue in fiscal year 2023. Expenses of $707K exceeded revenue, resulting in a 14% operating deficit.

Mission

small boat learn to sail- to residents, primarily children

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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 $41,896

Program Service Revenue $552,401

Investment Income $28,950

Other Revenue $-231

TOTAL REVENUE $623,016

Expense Breakdown

Grants Paid $3,840

Salaries & Benefits $440,722

Fundraising Expenses $7,952

Program Expenses $428,972

Other Expenses $262,569

TOTAL EXPENSES $707,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$623,016	$602,060	+0.0%
Expenses	$707,131	$694,108	+0.0%
Net Income	$-84,115	$-92,048	-0.1%

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

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ross Richards	President	15.00	Officer Director	$0	$0	$0
Mark Teborek	Vice President	2.00	Officer Director	$0	$0	$0
Barb Perce	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Mooney	Secretary	2.00	Officer Director	$0	$0	$0
John OMalley	Director	1.00	Director	$0	$0	$0
Richard Liebman	Director	1.00	Director	$0	$0	$0
John Baxter	Director	1.00	Director	$0	$0	$0
Mark Meccia	Director	1.00	Director	$0	$0	$0
Bobby Collins	Director	1.00	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	$623,016	$707,131	$245,841	$-84,115
2023	$602,060	$694,108	$335,371	$-92,048
2022	$655,591	$578,400	$412,567	$77,191
2021	$609,561	$447,057	$371,364	$162,504
2020	$376,759	$294,545	$221,860	$82,214
2019	$285,015	$337,337	$124,133	$-52,322

Sheridan Shore Sailing School