SKIFF SAILING FOUNDATION (EIN 431956843) - 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

2001

Legal Domicile

Phone

5103843088

Tax Period

2023-01-01 to 2023-12-31

SKIFF SAILING FOUNDATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $189K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 840% operating deficit.

Mission

Promotion of performance sailing. Providing Programs and Funding enabling national and international 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 $355,148

Program Service Revenue $0

Investment Income $-165,718

Other Revenue $0

TOTAL REVENUE $189,430

Expense Breakdown

Grants Paid $407,198

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,780,054

Other Expenses $1,372,856

TOTAL EXPENSES $1,780,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,430	$525,189	-0.6%
Expenses	$1,780,054	$1,570,750	+0.1%
Net Income	$-1,590,624	$-1,045,561	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Freitas	Director	40.00	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	$189,430	$1,780,054	$2,261,107	$-1,590,624
2022	$525,189	$1,570,750	$3,382,701	$-1,045,561
2021	$848,354	$1,398,721	$4,428,262	$-550,367
2020	$2,818,371	$971,693	$4,978,629	$1,846,678

SKIFF SAILING FOUNDATION