THE GULL LAKE SAILING SCHOOL (EIN 411411508) - 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

1981

Legal Domicile

Principal Officer

DAVID ANDERSON

Phone

6127507003

Tax Period

2023-01-01 to 2023-12-31

THE GULL LAKE SAILING SCHOOL, founded in 1981, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 120% operating deficit.

Mission

TO GROW SAILING IN THE BRAINERD LAKES AREA AND GROW FRIENDSHIPS ON GULL LAKE.

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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 $27,953

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,435

TOTAL REVENUE $26,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,600

Other Expenses $58,333

TOTAL EXPENSES $58,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,518	$50,076	-0.5%
Expenses	$58,333	$101,668	-0.4%
Net Income	$-31,815	$-51,592	-0.4%

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

N/A

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
DAVID ANDERSON	CO-PRESIDENT	10.00	Officer Director	$0	$0	$0
DOUG ARNDT	DIRECTOR	1.00	Director	$0	$0	$0
MARY GRACE ARNDT	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCE DRIESSEN	DIRECTOR	1.00	Director	$0	$0	$0
KIM HAGEN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS HOLMES	CO-PRESIDENT	10.00	Officer Director	$0	$0	$0
MARY JETLAND	DIRECTOR	1.00	Director	$0	$0	$0
GREG MEDECK	DIRECTOR	1.00	Director	$0	$0	$0
TED ROGERS	SAFETY OFFIC	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
2024	No data	No data	No data	No data
2023	$26,518	$58,333	$1,789,994	$-31,815
2022	$50,076	$101,668	$1,825,103	$-51,592
2021	$106,128	$142,566	$1,876,609	$-36,438
2020	$107,631	$110,483	$1,912,987	$-2,852
2019	$98,691	$121,328	$1,916,857	$-22,637
2018	$145,734	$157,443	$1,942,804	$-11,709

THE GULL LAKE SAILING SCHOOL