Sailing Ships Portland (EIN 473101784) - 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

2015

Legal Domicile

Principal Officer

Alex Agnew

Phone

2074505363

Tax Period

2021-01-01 to 2021-12-31

Sailing Ships Portland, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $804K in total revenue in fiscal year 2021. Revenue surged 243% from the prior year, signaling strong growth momentum. Expenses of $902K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide scholarships and educational voyages/workshops to students age 14-18 to teach teamwork, leadership and marine/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 (2021)

Revenue Breakdown

Contributions & Grants $274,001

Program Service Revenue $516,720

Investment Income $0

Other Revenue $13,225

TOTAL REVENUE $803,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,904

Fundraising Expenses $0

Program Expenses $818,079

Other Expenses $575,778

TOTAL EXPENSES $901,682

Year-over-Year Comparison

	2021	2020	Change
Revenue	$803,946	$234,160	+2.4%
Expenses	$901,682	$368,214	+1.4%
Net Income	$-97,736	$-134,054	-0.3%

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

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
Alex Agnew	President	20.00	Director Key Emp	$0	$0	$0
Richard Olson	Secretary	1.00	Director	$0	$0	$0
Jon Radtke	Director	1.00	Director	$0	$0	$0
Will Ritch	Director	1.00	Director	$0	$0	$0
Brian Harris	Director	1.00	Director	$0	$0	$0
Michelle Thresher	Director	1.00	Director	$0	$0	$0
Chris Wellins	Director	1.00	Director	$0	$0	$0
Maureen Sturtevant	Director	1.00	Director	$0	$0	$0
Thomas Shepard	Director	1.00		$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	No data	No data	No data	No data
2022	No data	No data	No data	No data
2021	$803,946	$901,682	$252,695	$-97,736
2020	$222,084	$345,026	$137,067	$-122,942
2019	$188,538	$235,911	$105,566	$-47,373
2018	$241,222	$89,017	$151,131	$152,205

Sailing Ships Portland