OKOBOJI YACHT CLUB SAILING SCHOOL INC (EIN 421467238) - 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

1975

Legal Domicile

Principal Officer

BRAD FARRAR

Phone

7123370121

Tax Period

2023-01-01 to 2023-12-31

OKOBOJI YACHT CLUB SAILING SCHOOL INC, founded in 1975, is a small nonprofit in the Education sector that reported $530K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $502K left a modest 5% surplus.

Mission

OKOBOJI YACHT CLUB SALING SCHOOL, INC MISSION IS TO TEACH BOATING AND OTHER SAFE WATER PROCEDURES TO INDIVIDUALS IN THE GENERAL AREA OF LAKE OKOBOJI, IOWA.

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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 $91,011

Program Service Revenue $96,140

Investment Income $87,645

Other Revenue $254,859

TOTAL REVENUE $529,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,814

Fundraising Expenses $0

Program Expenses $354,961

Other Expenses $338,240

TOTAL EXPENSES $502,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,655	$654,232	-0.2%
Expenses	$502,054	$484,389	+0.0%
Net Income	$27,601	$169,843	-0.8%

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

$50,000

Total Directors

$63,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOARD OF DIRECTORS	SEE SCHEDULE O	1.00	Director	$0	$0	$0
STEVE POWERS	DIRECTOR/INSTRUCTOR	10.00	Director	$18,000	$0	$18,000
CHRISTINE THORESON	PROGRAM DIRECTOR	10.00	Director	$40,000	$0	$40,000
MAX HOMES	DIRECTOR	1.00	Director	$5,004	$0	$5,004
BRADLEY D FARRAR	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	$529,655	$502,054	$5,798,798	$27,601
2022	$654,232	$484,389	$5,767,799	$169,843
2021	$1,646,091	$472,354	$6,573,083	$1,173,737
2020	$386,353	$362,619	$5,229,863	$23,734

OKOBOJI YACHT CLUB SAILING SCHOOL INC