BAY SAIL INC

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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

1998

Legal Domicile

Principal Officer

GREG VELEZ

Phone

9898931222

Tax Period

2023-01-01 to 2023-12-31

BAY SAIL INC, founded in 1998, is a small nonprofit in the Crime & Legal sector that reported $319K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO FOSTER ENVIRONMENTAL STEWARDSHIP OF THE SAGINAW BAY WATERSHED AND THE GREAT LAKES ECOSYSTEM, AND TO PROVIDE PERSONAL DEVELOPMENT OPPORTUNITIES FOR LEARNERS OF ALL AGES THROUGH SHIPBOARD AND LAND-BASED EDUCATIONAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $166,615 Revenue: $93,753

WINDWARD BOUND IS A LIVE-ABOARD VOYAGING EXPERIENCE FOR TEENS AGES 14 TO 18. THE TEENS SAIL ABOARD THE 85-FOOT SCHOONER APPLEDORE IV AND THE 65 SCHOONER APPLEDORE V. DURING THE VOYAGES, WE FOCUS ON SEAMANSHIP AND FRESHWATER SCIENCE, WHICH MEANS LEARNING THE ART OF TRADITIONAL SAILING AND STUDYING THE ECOLOGY OF THE LAKES YOU'RE SAILING ON.

Program 2

Expenses: $53,456 Revenue: $15,500

ENVIRONMENTAL EDUCATION - EUCATION AND STUDY OF FRESH WATER ECOSYSTEMS

Program 3

N/A

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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 $197,349

Program Service Revenue $109,253

Investment Income $0

Other Revenue $12,317

TOTAL REVENUE $318,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,587

Fundraising Expenses $0

Program Expenses $228,420

Other Expenses $163,687

TOTAL EXPENSES $322,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,919	$269,957	+0.2%
Expenses	$322,274	$349,924	-0.1%
Net Income	$-3,355	$-79,967	-1.0%

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
BARBARA APPOLD	DIRECTOR	2.00	Director	$0	$0	$0
TERRY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JOE PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL COBERLY	VICE CHAIRMA	2.00	Officer	$0	$0	$0
JOHN FLEMING	TREASURER	2.00	Officer	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	2.00	Officer	$0	$0	$0
GREG VELEZ	CHAIRMAN	2.00	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	No data	No data	No data	No data
2023	$318,919	$322,274	$282,583	$-3,355
2022	$269,957	$349,924	$282,417	$-79,967
2021	$402,077	$358,179	$394,564	$43,898
2020	$235,332	$338,054	$279,122	$-102,722
2019	$631,154	$606,892	$422,966	$24,262
2018	$346,145	$461,151	$744,294	$-115,006