PONTIAC SAILING EDUCATION FOUNDATION (EIN 382559458) - 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

1984

Legal Domicile

Principal Officer

GREGG KITTINGER

Phone

5862914802

Tax Period

2022-01-01 to 2022-12-31

PONTIAC SAILING EDUCATION FOUNDATION, founded in 1984, is a small nonprofit that reported $232K in total revenue in fiscal year 2022. Expenses of $296K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO FOSTER EDUCATIONAL PROGRAMS FOR TRAINING IN SEAMANSHIP, NAVIGATION, AND RELATED SKILLS; AND ALL OTHER ACTIVITIES RELATED FOR THE PURPOSE OF SAILING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,634

Program Service Revenue $211,601

Investment Income $42

Other Revenue $-177

TOTAL REVENUE $232,100

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $130,304

Fundraising Expenses $0

Program Expenses $294,411

Other Expenses $163,479

TOTAL EXPENSES $295,783

Year-over-Year Comparison

	2022	2021	Change
Revenue	$232,100	$228,580	+0.0%
Expenses	$295,783	$229,641	+0.3%
Net Income	$-63,683	$-1,061	+59.0%

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
GREGG KITTINGER	PRESIDENT	N/A	Officer	$0	$0	$0
MARGARET EDDY	TREASURER	N/A	Officer	$0	$0	$0
PATRICIA MARTINS	SECRETARY	N/A	Officer	$0	$0	$0
BILL SANDERS	VICE PRESIDE	N/A	Officer	$0	$0	$0
ESTHER CALLAHAN	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE STEWART	DIRECTOR	N/A	Director	$0	$0	$0
LYNN FRIKKER	DIRECTOR	N/A	Director	$0	$0	$0
JIM ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
JULIE DZIUBA	DIRECTOR	N/A	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
2022	$232,100	$295,783	$102,703	$-63,683
2021	$228,580	$229,641	$171,251	$-1,061

PONTIAC SAILING EDUCATION FOUNDATION