GENEVA LAKE SAILING SCHOOL INC (EIN 391016242) - 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

1938

Legal Domicile

Principal Officer

TOM LARIMER

Phone

2622758489

Tax Period

2023-01-01 to 2023-12-31

GENEVA LAKE SAILING SCHOOL INC, founded in 1938, is a small nonprofit in the Recreation & Sports sector that reported $677K in total revenue in fiscal year 2023. Net assets of $3.7M represent 65 months of operating reserves.

Mission

TO TEACH ENROLLED STUDENTS THE SPORT 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 (2023)

Revenue Breakdown

Contributions & Grants $169,616

Program Service Revenue $439,721

Investment Income $19,702

Other Revenue $48,308

TOTAL REVENUE $677,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,131

Fundraising Expenses $9,839

Program Expenses $598,980

Other Expenses $383,817

TOTAL EXPENSES $673,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,347	$705,228	0.0%
Expenses	$673,948	$601,918	+0.1%
Net Income	$3,399	$103,310	-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

$108,861

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAREK VALASEK	EXECUTIVE DIRECTOR	040.00	Key Emp Highest	$108,861	$0	$108,861
PETER STROTHMAN	PRESIDENT	003.00	Officer Director	$0	$0	$0
KATIE LYNCH	VICE RESIDENT	002.00	Officer Director	$0	$0	$0
TOM LARIMER	TREASURER	003.00	Officer Director	$0	$0	$0
JOSHUA LACROIX	SECRETARY	002.00	Officer Director	$0	$0	$0
LEIGH OTZEN	DIRECTOR	002.00	Director	$0	$0	$0
KEVIN ALCOCK	DIRECTOR	002.00	Director	$0	$0	$0
MARK GERARD	DIRECTOR	002.00	Director	$0	$0	$0
SARA SEXTON	DIRECTOR	002.00	Director	$0	$0	$0
JORDAN GRAY	DIRECTOR	002.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$677,347	$673,948	$4,377,156	$3,399
2022	$705,228	$601,918	$4,359,230	$103,310
2021	$756,637	$597,420	$4,279,820	$159,217
2020	$525,702	$534,661	$4,160,604	$-8,959
2019	$633,637	$506,541	$4,131,020	$127,096
2018	$603,335	$521,052	$3,986,381	$82,283

GENEVA LAKE SAILING SCHOOL INC