PENINSULA YOUTH SAILING FOUNDATION

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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

2002

Legal Domicile

Principal Officer

MOLLY VANDEMOER

Phone

6508515144

Tax Period

2023-01-01 to 2023-12-31

PENINSULA YOUTH SAILING FOUNDATION, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $757K in total revenue in fiscal year 2023. Expenses of $731K left a modest 3% surplus.

Mission

TO SUPPORT AMATEUR YOUTH SAILING BY PROVIDING INSTRUCTION AND FACILITIES TO ACCOMODATE SAILORS OF ALL SKILL LEVELS AND SOCIOECONOMIC BACKGROUNDS.

Program Service Accomplishments

Program 1

Expenses: $274,933 Revenue: $179,191

PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUTH AGES 8-18 YEARS OLD TO SAIL IN VARIOUS SAILBOATS AND LEARN BASIC SAILING...

PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUTH AGES 8-18 YEARS OLD TO SAIL IN VARIOUS SAILBOATS AND LEARN BASIC SAILING INSTRUCTIONS AND SAFETY, AND PROGRESS TO COMPETE AS PART OF A TEAM IN HIGH SCHOOL REGATTAS THROUGHOUT CALIFORNIA. ADDITIONALLY, JUNIOR RACING PROVIDES AN OPPORTUNITY FOR SAILORS TO LEARN HOW TO SAIL IN OPTIMIST, 420 AND LASER SAILBOATS AND TO COMPETE IF THEY WISH IN REGATTAS THROUGHOUT THE US IN THE FALL SEASON.

Program 2

Expenses: $198,018 Revenue: $184,010

DURING THE SUMMER PENINSULA YOUTH SAILING FOUNDATION HOLDS 1-2 WEEK LONG SUMMER CAMPS FOR YOUTH (8 TO 18 YEARS OLD). BASIC SAILING INSTRUCTION AND SAFETY ARE TAUGHT AND A FUN REGATTA IS HELD ON THE FINAL DAY OF CAMP. COACHES WHO ARE ADVANCED SAILORS FROM THE HIGH SCHOOL SAILING TEAMS AS WELL AS OTHER SAILING COACHES ARE INSTRUCTORS APPROXIMATELY 200 YOUTH (8 - 18 YEARS) PARTICIPATED IN THE SUMMER PROGRAM.

Program 3

Expenses: $223,766 Revenue: $180,861

PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUNG SAILORS AGES 8 TO 12 YEARS TO SAIL IN SAILBOATS. THEY LEARN BASIC SAILING...

PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUNG SAILORS AGES 8 TO 12 YEARS TO SAIL IN SAILBOATS. THEY LEARN BASIC SAILING INSTRUCTION AND APPROXIMATELY 134 YOUTH PARTICIPATED.

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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 $186,510

Program Service Revenue $544,062

Investment Income $1,133

Other Revenue $25,069

TOTAL REVENUE $756,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,775

Fundraising Expenses $0

Program Expenses $696,717

Other Expenses $289,075

TOTAL EXPENSES $730,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$756,774	$708,019	+0.1%
Expenses	$730,850	$761,886	0.0%
Net Income	$25,924	$-53,867	-1.5%

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

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

$129,864

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY VANDEMOER	EXECUTIVE DI	40.00	Officer	$129,864	$0	$129,864
WINSTON BUMPUS	TREASURER	10.00	Officer	$0	$0	$0
KATE GLASSON	SECRETARY	0.50	Officer	$0	$0	$0
KATE HUMPHREYS	DIRECTOR	0.50	Officer	$0	$0	$0
STEVEN KAN	CHAIRMAN	0.50	Officer	$0	$0	$0
KATIE PETTIBONE	DIRECTOR	0.50	Officer	$0	$0	$0
KIM WULLSCHLEGER	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$756,774	$730,850	$451,797	$25,924
2022	$708,019	$761,886	$370,891	$-53,867
2021	$803,124	$816,092	$469,853	$-12,968
2020	$625,518	$583,249	$390,273	$42,269
2019	$561,202	$632,201	$313,442	$-70,999
2018	$435,750	$382,052	$402,090	$53,698