LASER CLASS ASSOCIATION INC (EIN 463045188) - 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

2013

Legal Domicile

Principal Officer

Mark Lyttle

Phone

5122706727

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

To foster national and international amateur athletic competition in the sport of sailing Laser class sailboats including conducting national and international sports competitions for Olympic athletes and athletes seeking to qualify for the Olympic Games.

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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 $144,628

Program Service Revenue $2,141,790

Investment Income $23,680

Other Revenue $105,931

TOTAL REVENUE $2,416,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,742,966

Other Expenses $2,286,928

TOTAL EXPENSES $2,286,928

Year-over-Year Comparison

	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%

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

500

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
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	$0	$0	$0
Carlos Palombo	World Council Member	5	Director	$0	$0	$0
Takao Otani	World Council Member	5	Director	$0	$0	$0
Nick Page	Treasurer	5	Officer Director	$0	$0	$0
Eric Faust	Executive Secretary	40	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	$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

LASER CLASS ASSOCIATION INC