Austin, TX
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Sign In — Free (10 views/day)LASER CLASS ASSOCIATION INC, founded in 2013, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 5% surplus.
To foster national and international amateur athletic competition in the sport of sailing ILCA class sailboats, including conducting national and international sports competitions for Olympic athletes and athletes seeking to qualify for the Olympic Games. To ensure the strict "one-design" nature of the ILCA class sailboat and foster communication among the organization's members.
Organization and Management of Sailing Competitions -- Scheduled, organized, and managed seven world championship sailing competitions serving over 1400 athletes from over 110 countries. Competitions...
Organization and Management of Sailing Competitions -- Scheduled, organized, and managed seven world championship sailing competitions serving over 1400 athletes from over 110 countries. Competitions included Olympic qualification events for men and women and three age-specific events (youth and masters). Provided equitable entry process services utilizing custom-built web applications to assure equal access to events for all countries in accordance with the Olympic Charter. Arranged over 80 volunteer race officials, international judges, and measurers to support events. Provided on site support and oversaw the conduct of all racing and equipment inspections.
Equipment Certification -- Ensured the principles of equality and fair play through the certification of sailing equipment to be used in competition. Carried out inspections and audits of all...
Equipment Certification -- Ensured the principles of equality and fair play through the certification of sailing equipment to be used in competition. Carried out inspections and audits of all equipment manufacturers to ensure compliance with rules and building specifications. Carried out equipment inspections on-site at events to ensure all equipment meets rules and manufacturing requirements. Oversaw and managed updates and change register for the technical building specifications documents. Trained and certified six new volunteer measurers and equipment inspectors for use in future events.
Media and Publications -- Facilitated communication with athletes around the world by publishing news and information on websites and social media reaching over 500,000 people worldwide. Handled...
Media and Publications -- Facilitated communication with athletes around the world by publishing news and information on websites and social media reaching over 500,000 people worldwide. Handled media and press coverage for sailing competitions for all World Championships. Managed and updated social media and website with current news and information about ILCA sailing events. Published annual handbook with rules and regulations to inform athletes of compliance requirements and assure fair and equal competition at events worldwide.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,416,029 | $2,209,523 | +0.1% |
| Expenses | $2,286,928 | $2,245,846 | +0.0% |
| Net Income | $129,101 | $-36,323 | -4.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tracy Usher | President | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Jean-Luc Michon | World Council Member | 5 |
Director
|
$0 | $0 | $0 |
| Ryan Minth | World Council Member | 5 |
Director
|
$0 | $0 | $0 |
| Ken Hurling | World Council Member | 5 |
Director
|
$0 | $0 | $0 |
| Aileen Loo | World Council Member | 5 |
Director
|
$0 | $0 | $0 |
| Mark Lyttle | Vice President | 5 |
Officer
Director
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$0 | $0 | $0 |
| Carlos Palombo | World Council Member | 5 |
Director
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$0 | $0 | $0 |
| Takao Otani | World Council Member | 5 |
Director
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$0 | $0 | $0 |
| Nick Page | Treasurer | 5 |
Officer
Director
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$0 | $0 | $0 |
| Eric Faust | Executive Secretary | 40 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,416,029 | $2,286,928 | $2,592,184 | $129,101 |
| 2023 | $2,209,523 | $2,245,846 | $2,380,669 | $-36,323 |
| 2022 | $2,085,191 | $2,002,528 | $1,638,931 | $82,663 |
| 2021 | $1,842,561 | $1,632,583 | $1,155,017 | $209,978 |
| 2020 | $799,821 | $774,495 | $998,317 | $25,326 |
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