TRAVERSE AREA COMMUNITY SAILING (EIN 383176833) - 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

1994

Legal Domicile

Principal Officer

TOM ROOP

Phone

2319225922

Tax Period

2024-01-01 to 2024-12-31

TRAVERSE AREA COMMUNITY SAILING, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $282K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $319K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE EDUCATION, TRAINING, RECREATION AND SPORTS TO THE COMMUNITY THROUGH 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 (2024)

Revenue Breakdown

Contributions & Grants $100,120

Program Service Revenue $190,956

Investment Income $-3,445

Other Revenue $-5,453

TOTAL REVENUE $282,178

Expense Breakdown

Grants Paid $4,558

Salaries & Benefits $195,326

Fundraising Expenses $6,832

Program Expenses $303,548

Other Expenses $118,871

TOTAL EXPENSES $318,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,178	$320,637	-0.1%
Expenses	$318,755	$335,212	0.0%
Net Income	$-36,577	$-14,575	+1.5%

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

$1,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY MCCAIN	VP SPECIAL E	2.00	Director	$1,160	$0	$1,160
KIMBERLY BAILS	VP MARKETING	8.00	Director	$0	$0	$0
LAURIE LAPP	VP FIN RESOU	8.00	Director	$0	$0	$0
TOM LECHOTA	VICE PRESIDE	8.00	Director	$0	$0	$0
BEN SMITH	VP TECHNOLOG	8.00	Director	$0	$0	$0
KRISTINA WEIDENFELLER	VP PROGRAMS	4.50	Director	$0	$0	$0
TOM ROOP	PRESIDENT	8.00	Officer	$0	$0	$0
MICHAEL WILLS	TREASURER	8.00	Officer	$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	$282,178	$318,755	$247,207	$-36,577
2023	$320,637	$335,212	$282,805	$-14,575
2022	$259,301	$361,404	$314,947	$-102,103
2021	$344,125	$290,073	$440,333	$54,052
2020	$226,269	$250,020	$383,911	$-23,751
2019	$242,751	$252,830	$381,194	$-10,079
2018	$245,444	$238,841	$393,513	$6,603

TRAVERSE AREA COMMUNITY SAILING