SOUTHERN SAILING FOUNDATION (EIN 464951286) - 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

2014

Legal Domicile

Principal Officer

SCOTT J SONNIER

Phone

5042316086

Tax Period

2022-01-01 to 2022-12-31

SOUTHERN SAILING FOUNDATION, founded in 2014, is a micro nonprofit in the Recreation & Sports sector that reported $132K in total revenue in fiscal year 2022. Revenue fell 226% from the prior year — a significant decline worth monitoring.

Mission

SOUTHERN SAILING FOUNDATION PROVIDES MONETARY SUPPORT TO JUNIOR AND AMATUER SAILING PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,300

Program Service Revenue $0

Investment Income $-154,710

Other Revenue $0

TOTAL REVENUE $-132,410

Expense Breakdown

Grants Paid $14,716

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,103

Other Expenses $3,387

TOTAL EXPENSES $18,103

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-132,410	$104,787	-2.3%
Expenses	$18,103	$112,408	-0.8%
Net Income	$-150,513	$-7,621	+18.7%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BENT	DIRECTOR	1.00	Director	$0	$0	$0
G SHELBY FRIEDRICHS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT D FRIEND	DIRECTOR	1.00	Director	$0	$0	$0
BLAINE M GAHAGAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN GAMBEL	DIRECTOR	1.00	Director	$0	$0	$0
WENDY W KERRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN A MEADE	DIRECTOR	1.00	Director	$0	$0	$0
MATHEW SKAER	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR D WYNNE	DIRECTOR	1.00	Director	$0	$0	$0
JENNY KOTTLER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT J SONNIER	PRESIDENT	5.00	Officer	$0	$0	$0
KELLY ALFORTISH	TREASURER	5.00	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
2022	$-132,410	$18,103	$141,203	$-150,513
2021	$104,787	$112,408	$291,715	$-7,621
2019	$216,950	$203,170	$309,093	$13,780
2018	$326,212	$74,464	$295,318	$251,748

SOUTHERN SAILING FOUNDATION