QUASSAPAUG SAILING CENTER INC (EIN 481271027) - 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

2002

Legal Domicile

Principal Officer

DAVID ROGERS JR

Phone

2037543134

Tax Period

2024-01-01 to 2024-12-31

QUASSAPAUG SAILING CENTER INC, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $168K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $187K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE QSC IS AN ORGANIZATION DESIGNED TO PROVIDE SAILING INSTRUCTION AND ENCOURAGE AND PROMOTE SAILBOAT RACING AND GOOD FELLOWSHIP BETWEEN PERSONS ACTIVELY INTERESTED IS SAILING AND OTHER WATER SPORTS.

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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 $85,648

Program Service Revenue $78,063

Investment Income $4,613

Other Revenue $0

TOTAL REVENUE $168,324

Expense Breakdown

Grants Paid $50

Salaries & Benefits $51,728

Fundraising Expenses $0

Program Expenses $186,853

Other Expenses $135,545

TOTAL EXPENSES $187,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,324	$183,688	-0.1%
Expenses	$187,323	$196,879	0.0%
Net Income	$-18,999	$-13,191	+0.4%

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
PHILIP ADAMS	CHAIRPERSON	1.00	Director	$0	$0	$0
STU ADAMS	DIRECTOR CAP	1.00	Director	$0	$0	$0
SARAH BAYWOOD	SPONSOR-AT-L	1.00	Officer Director	$0	$0	$0
ROBERT GAGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ENID GENDRON	FUND RAISING	1.00	Director	$0	$0	$0
DAVID HELLER	SWIM DIRECTO	5.00	Director	$0	$0	$0
DAVID ROGERS JR	DIRECTOR	2.00	Officer Director	$0	$0	$0
ROBERT PANZA	SAILING DIRE	1.00	Director	$0	$0	$0
RAYMOND ROSSI	TREASURER	5.00	Officer Director	$0	$0	$0
JONATHAN VATH	ASST DIRECTO	1.00	Officer Director	$0	$0	$0
JOEL ZACKIN	SAILING SCHO	5.00	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	$168,324	$187,323	$723,386	$-18,999
2023	$183,688	$196,879	$757,655	$-13,191
2022	$181,147	$184,764	$787,057	$-3,617
2021	$189,838	$189,509	$805,373	$329
2020	$107,015	$51,097	$820,961	$55,918
2019	$137,359	$103,602	$780,674	$33,757
2018	$136,574	$103,689	$762,747	$32,885

QUASSAPAUG SAILING CENTER INC