Sarasota Power Squadron Education Trust Fund (EIN 456802266) - 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

1991

Legal Domicile

Principal Officer

Daniel Sullivan

Tax Period

2024-01-01 to 2024-12-31

Sarasota Power Squadron Education Trust Fund, founded in 1991, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 53% operating deficit.

Mission

Inform the public of safe boating practice via courses, inspections, and seminars. Educate the membership on advance navigation skills and safety, promote volunteer services to the general boating public.

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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 $0

Program Service Revenue $0

Investment Income $12,356

Other Revenue $0

TOTAL REVENUE $12,356

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,929

TOTAL EXPENSES $18,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,356	$20,504	-0.4%
Expenses	$18,929	$1,667	+10.4%
Net Income	$-6,573	$18,837	-1.3%

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
Robert Wolfe	Parliamentarian	001.00	Officer Director	$0	$0	$0
Barbaa Wolfe	Director	001.00	Director	$0	$0	$0
Fraklin Tugwell	Director	001.00	Director	$0	$0	$0
Roxanne E Fox	Commander	001.00	Officer	$0	$0	$0
Barry Rush	Executive Officer	001.00	Officer	$0	$0	$0
Joseph Barnette	Education Officer	001.00	Officer	$0	$0	$0
Austin Dickerson	Admin Officer	001.00	Officer	$0	$0	$0
Walter Rodak	Secretary	001.00	Officer	$0	$0	$0
Daniel Sullivan	Treasurer	001.00	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	$12,356	$18,929	$570,348	$-6,573
2023	$20,504	$1,667	$521,892	$18,837
2022	$-90,653	$113,141	$448,585	$-203,794
2021	$94,859	$10,774	$652,379	$84,085
2020	$114,579	$14,452	$568,294	$100,127
2019	$11,026	$7,890	$470,529	$3,136
2018	$12,493	$106,802	$405,192	$-94,309

Sarasota Power Squadron Education Trust Fund