MINNEAPOLIS SAILING CENTER (EIN 411713806) - 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

1989

Legal Domicile

Principal Officer

TED SALZMAN

Phone

6124707245

Tax Period

2023-01-01 to 2023-12-31

MINNEAPOLIS SAILING CENTER, founded in 1989, is a small nonprofit that reported $715K in total revenue in fiscal year 2023.

Mission

THE MISSION OF MINNEAPOLIS SAILING CENTER IS TO FOSTER AN INCLUSIVE, SUSTAINABLE COMMUNITY AND TO TEACH SAILING TO ALL.

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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 $50,038

Program Service Revenue $643,880

Investment Income $13,945

Other Revenue $7,121

TOTAL REVENUE $714,984

Expense Breakdown

Grants Paid $12,729

Salaries & Benefits $504,877

Fundraising Expenses $4,780

Program Expenses $677,973

Other Expenses $204,772

TOTAL EXPENSES $722,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$714,984	$666,446	+0.1%
Expenses	$722,378	$632,179	+0.1%
Net Income	$-7,394	$34,267	-1.2%

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

$95,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED SALZMAN	EXECUTIVE DI	40.00	Officer	$95,594	$0	$95,594
MARSHALL HALL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NATE ELLSWORTH	TREASURER	2.00	Officer Director	$0	$0	$0
THIBAUD CHOLAT	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPH LEADLY	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
KEITH HOLLOMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUZANNA JACK	BOARD MEMBER	2.00	Director	$0	$0	$0
MEGAN LENNON	BOARD MEMBER	2.00	Director	$0	$0	$0
HEIDI NELSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TREY POOLE	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA TOMLJANOVIC	BOARD MEMBER	2.00	Director	$0	$0	$0
KAMALI WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE WOLDUM	BOARD MEMBER	2.00	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	$714,984	$722,378	$403,880	$-7,394
2022	$666,446	$632,179	$388,879	$34,267
2021	$638,488	$520,430	$376,071	$118,058
2020	$516,346	$456,882	$258,056	$59,464

MINNEAPOLIS SAILING CENTER