Canal Dock Boathouse Incorporated

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Mitz Carr

Phone

2036688886

Tax Period

2023-01-01 to 2023-12-31

Canal Dock Boathouse Incorporated, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $516K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $497K left a modest 4% surplus.

Mission

Canal Dock Boathouse's mission statement of "Opening New Haven's Waterfront for Adventure, Discovery and Growth" encapsulates the organization's purpose to provide access to and programs in and around Long Island Sound, New Haven's Harbor and rivers to underserved communities. It affirms its intent to assist in building self-confidence; clarifies its partnership with the New Haven community; and defines its core service areas. With this mission, Canal Dock's services and programs will focus on providing New Haven residents with community programs and activities that connect residents to the waterfront.

Program Service Accomplishments

Program 1

Expenses: $379,277 Revenue: $5,159

Local teens are introduced to the New Haven waterfront through rowing and paddling activities during Canal Dock's summer camp and afterschool programs, which are free and accessible to low income...

Local teens are introduced to the New Haven waterfront through rowing and paddling activities during Canal Dock's summer camp and afterschool programs, which are free and accessible to low income students.Area residents participate in Canal Dock's free seasonal monthly Community Day events that feature dragon boating,sailing, rowing and kayaking. Canal Dock has on-going partnerships with numerous local public and charter schools including Metropolitan Business Academy, Common Ground High School, Engineering and Science University Magnet School (ESUMS) and the Sound School. Canal Dock increased its water based activities by adding sailing memberships and lessons. Discounted membership fees are offered to residents who could not otherwise afford the membership fees.Canal Dock offers annual memberships to area residents allowing them to use the Organization's boats and equipment for recreation.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $376,248

Program Service Revenue $5,114

Investment Income $45

Other Revenue $134,456

TOTAL REVENUE $515,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,622

Fundraising Expenses $46,938

Program Expenses $379,277

Other Expenses $129,999

TOTAL EXPENSES $496,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,863	$374,730	+0.4%
Expenses	$496,621	$315,240	+0.6%
Net Income	$19,242	$59,490	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$322

Total Directors

$76,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hollis Martens	Executive Director	40.00	Director	$76,173	$0	$76,173
Mitz Carr	Board President	1.00	Officer Director	$322	$0	$322
Susan Lane	Vice President	1.00	Officer Director	$0	$0	$0
Andrew Geisert	Treasurer	1.00	Officer Director	$0	$0	$0
Marna Wilber	Secretary	1.00	Officer Director	$0	$0	$0
John Pescatore	Director	1.00	Director	$0	$0	$0
Andrew Giering	Director	1.00	Director	$0	$0	$0
Elvert Eden	Director	1.00	Director	$0	$0	$0
Ginny Kozlowski	Director	1.00	Director	$0	$0	$0
Douglas Hausladen	Director	1.00	Director	$0	$0	$0
Rachel Liu	Director	1.00	Director	$0	$0	$0
Stephanie Woodman	Director	1.00	Director	$0	$0	$0
Maritza Bond	Director	1.00	Director	$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	$515,863	$496,621	$218,629	$19,242
2022	$374,730	$315,240	$204,616	$59,490
2021	$275,092	$206,708	$141,849	$68,384
2020	$172,588	$165,826	$74,201	$6,762
2019	$267,316	$372,175	$130,841	$-104,859