OKAUCHEE LAKE SAILING SCHOOL INC (EIN 391570760) - 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

1986

Legal Domicile

Principal Officer

COYE HARRETT

Phone

2623257247

Tax Period

2024-09-01 to 2025-08-31

OKAUCHEE LAKE SAILING SCHOOL INC, founded in 1986, is a micro nonprofit in the Recreation & Sports sector that reported $75K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 49% operating margin.

Mission

ENCOURAGE, DEVELOP, PROMOTE AND FOSTER AMATEUR YACHTING IN THE ISLAND LAKES OF THE UNITED STATES BY PROVIDING SAILING INSTRUCTION.

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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 $28,431

Program Service Revenue $18,409

Investment Income $20,225

Other Revenue $7,874

TOTAL REVENUE $74,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,947

Fundraising Expenses $0

Program Expenses $34,339

Other Expenses $30,099

TOTAL EXPENSES $38,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,939	$50,844	+0.5%
Expenses	$38,046	$44,020	-0.1%
Net Income	$36,893	$6,824	+4.4%

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
COYE HARRETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK PRANGE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JARROD THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
TOM GROSKOPF	DIRECTOR	1.00	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	$74,939	$38,046	$765,843	$36,893
2024	$50,844	$44,020	$779,594	$6,824
2023	$23,771	$46,520	$793,085	$-22,749
2022	$80,147	$41,185	$826,394	$38,962
2018	$337,491	$44,636	$836,327	$292,855

OKAUCHEE LAKE SAILING SCHOOL INC