US PATRIOT SAILING INC (EIN 464005941) - 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

Peter Quinn

Phone

2026437183

Tax Period

2024-10-01 to 2025-09-30

US PATRIOT SAILING INC, founded in 2013, is a micro nonprofit in the Recreation & Sports sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 193% operating deficit.

Mission

Veteran rehabilitation through the sport of sailing.

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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 $81,702

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $81,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,052

Other Expenses $239,052

TOTAL EXPENSES $239,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,712	$627,644	-0.9%
Expenses	$239,052	$332,206	-0.3%
Net Income	$-157,340	$295,438	-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

N/A

Independent Members

N/A

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
Dailey Tipton	Board Member	1.00	Director	$0	$0	$0
Jeff Kitchen	Board Member	1.00	Director	$0	$0	$0
Sean Law	Board Member	1.00	Director	$0	$0	$0
Eric Pedersen	Board Member	0.00	Director	$0	$0	$0
Peter Quinn	Executive Director	25.00	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
2025	$81,712	$239,052	$501,359	$-157,340
2024	$627,644	$332,206	$657,982	$295,438
2023	$455,151	$286,004	$510,937	$169,147
2022	$303,864	$161,319	$341,790	$142,545

US PATRIOT SAILING INC