INLAND LAKE YACHTING ASSOCIATIONIN

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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

1957

Legal Domicile

Principal Officer

TODD HAINES

Phone

8476756434

Tax Period

2023-01-01 to 2023-12-31

INLAND LAKE YACHTING ASSOCIATIONIN, founded in 1957, is a small nonprofit that reported $728K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $818K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ENCOURAGE, DEVELOP, PROMOTE AND FOSTER AMATEUR YACHTING AND YACHT RACING ON THE INLAND LAKES OF THE MIDWEST OF THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $337,616 Revenue: $237,109

PUBLICIZE, CO-ORGANIZE AND CO-HOST COMPETITIVE SAILING EVENTS AND JUNIOR TRAINING EVENTS IN THE MIDWEST USA.

Program 2

Expenses: $454,455

PROVIDE GRANTS TO AMATEUR SAILING TEAMS COMPETING IN OR TO QUALIFY IN OLYMPIC SAILING EVENTS OR OTHER NATIONAL OR INTERNATIONAL COMPETITION, AND PROVIDE GRANTS TO SAILING SCHOOLS TO HELP FOSTER...

PROVIDE GRANTS TO AMATEUR SAILING TEAMS COMPETING IN OR TO QUALIFY IN OLYMPIC SAILING EVENTS OR OTHER NATIONAL OR INTERNATIONAL COMPETITION, AND PROVIDE GRANTS TO SAILING SCHOOLS TO HELP FOSTER JUNIOR SAILING COMPETITION.

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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 $423,919

Program Service Revenue $301,795

Investment Income $2,092

Other Revenue $106

TOTAL REVENUE $727,912

Expense Breakdown

Grants Paid $450,736

Salaries & Benefits $57,095

Fundraising Expenses $0

Program Expenses $792,071

Other Expenses $310,061

TOTAL EXPENSES $817,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,912	$609,524	+0.2%
Expenses	$817,892	$437,884	+0.9%
Net Income	$-89,980	$171,640	-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

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
LEE ALNES	PAST COMMODO	N/A	Officer Director	$0	$0	$0
TODD HAINES	COMMODORE	N/A	Officer Director	$0	$0	$0
CHARLES LAMPHERE	VICE COMMODO	N/A	Officer Director	$0	$0	$0
TED ROLFS	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
CHRIS JEWETT	DIRECTOR AT	N/A	Director	$0	$0	$0
THOMAS FREYTAG	ASCOW REPRES	N/A	Director	$0	$0	$0
MARK TESAR	DIRECTOR AT	N/A	Director	$0	$0	$0
MICHAEL BARR	C SCOW REP	N/A	Director	$0	$0	$0
MICHELE HEINZE	DIRECTOR AT	N/A	Director	$0	$0	$0
THOMAS CASTLE	E SCOW REPRE	N/A	Director	$0	$0	$0
CHRIS KUBICEK	MC REPRESENT	N/A	Director	$0	$0	$0
LINDSAY VALASEK	DIRECTOR AT	N/A	Director	$0	$0	$0
DR BILL LIEBER	DIRECTOR AT	N/A	Director	$0	$0	$0
JOHN PORTER	DIRECTOR AT	N/A	Director	$0	$0	$0
STACY KEANE	IOD REPRESEN	N/A	Director	$0	$0	$0
LOU MORGAN	X BOAT REPRE	N/A	Director	$0	$0	$0
TIM REGAN	MELGES 15 RE	N/A	Director	$0	$0	$0
BRIGID WILKENING	DIRECTOR AT	N/A	Director	$0	$0	$0
DAVID BERG	EXECUTIVE DI	N/A	Officer	$0	$0	$0
SEAN WAGNER	DIRECTOR AT	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
2024	No data	No data	No data	No data
2023	$727,912	$817,892	$232,861	$-89,980
2022	$609,524	$437,884	$327,010	$171,640
2021	$289,091	$464,502	$155,447	$-175,411
2020	$271,223	$249,896	$334,164	$21,327
2019	$468,117	$458,564	$269,685	$9,553
2018	$378,177	$388,179	$260,287	$-10,002