PARKLAWN SAILING ASSOCIATION INC (EIN 472230364) - 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

1986

Legal Domicile

Principal Officer

Mark Irwin

Phone

4437916018

Tax Period

2024-01-01 to 2024-12-31

PARKLAWN SAILING ASSOCIATION INC, founded in 1986, is a micro nonprofit in the Recreation & Sports sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 27% operating margin.

Mission

To provide sailing training and recreation opportunities to members and their families

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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 $48,706

Program Service Revenue $34,555

Investment Income $1,126

Other Revenue $0

TOTAL REVENUE $84,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $61,315

TOTAL EXPENSES $61,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,387	$66,882	+0.3%
Expenses	$61,315	$53,616	+0.1%
Net Income	$23,072	$13,266	+0.7%

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

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
Mark Irwin	Commodore	3	Officer	$0	$0	$0
Mike Troiano	Vice Commodore	2	Officer	$0	$0	$0
William Levitan	Past Commodore	2	Officer	$0	$0	$0
Cynde Nordone	Fleet Captain	4	Officer	$0	$0	$0
Nancy Hendrick	Treasurer	3	Officer	$0	$0	$0
Dana Sippel	Member at Large	2	Officer	$0	$0	$0
Stan Wujcik	Training Officer	2	Officer	$0	$0	$0
Bill Gillespie	Secretary	2	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	$84,387	$61,315	$50,737	$23,072
2023	$66,882	$53,616	$86,949	$13,266

PARKLAWN SAILING ASSOCIATION INC