HERITAGE COAST SAILING AND ROWING INC (EIN 454761069) - 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

2012

Legal Domicile

Principal Officer

DAVID L WENTWORTH

Phone

9893623193

Tax Period

2024-01-01 to 2024-12-31

HERITAGE COAST SAILING AND ROWING INC, founded in 2012, is a micro nonprofit in the Recreation & Sports sector that reported $55K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $51K left a modest 8% surplus.

Mission

FOSTER APPRECIATION THROUGH EDUCATION, BUILDING OF BOATS AND ACCESS TO ROWING AND SAILING SHIPS. PROVIDE EDUCATION TO THE COMMUNITY OF THE HERITAGE OF SHIPS AND LAKE HURON. PRESERVE HISTORIC SHIP DESIGNS BY CONVERTING TO KITS THAT ARE SUITABLE FOR BUILDING BY THOSE WITH AVERAGE WOODWORKING SKILLS.

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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 $38,784

Program Service Revenue $15,407

Investment Income $0

Other Revenue $1,257

TOTAL REVENUE $55,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,886

Other Expenses $50,886

TOTAL EXPENSES $50,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,448	$32,051	+0.7%
Expenses	$50,886	$31,657	+0.6%
Net Income	$4,562	$394	+10.6%

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
LEO CHARTIER	VICE CHAIR/S	1.00	Officer	$0	$0	$0
STUART HAMILL	TREASURER	5.00	Officer	$0	$0	$0
DAVID L WENTWORTH	PRESIDENT	1.00	Officer	$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	$55,448	$50,886	$90,999	$4,562
2023	$32,051	$31,657	$86,437	$394
2022	$28,058	$40,932	$86,043	$-12,874
2021	$30,608	$40,166	$98,917	$-9,558
2020	$25,836	$30,092	$108,475	$-4,256
2019	$40,755	$35,328	$112,731	$5,427
2018	$54,304	$27,149	$107,304	$27,155

HERITAGE COAST SAILING AND ROWING INC