SEVERN SAILING ASSOCIATION (EIN 520739274) - 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

1954

Legal Domicile

Principal Officer

LIONEL J PHILLIPS

Phone

4102688744

Tax Period

2023-10-01 to 2024-09-30

SEVERN SAILING ASSOCIATION, founded in 1954, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 11% surplus.

Mission

NON-PROFIT OPERATION OF YACHT AND SAILING CLUB

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,124,072

Investment Income $68,570

Other Revenue $35,566

TOTAL REVENUE $1,228,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,727

Fundraising Expenses $0

Other Expenses $659,146

TOTAL EXPENSES $1,097,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,208	$1,119,367	+0.1%
Expenses	$1,097,873	$895,173	+0.2%
Net Income	$130,335	$224,194	-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

177

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
BILL KRAFFT	COMMODORE	2.00	Officer	$0	$0	$0
LISA PLINE	VICE COMMODORE	2.00	Officer	$0	$0	$0
ERIC REINKE	REAR COMMODORE	2.00	Officer	$0	$0	$0
MATT WHITE	FLEET CAPTAIN	2.00	Officer	$0	$0	$0
DEVON FEUSAHRENS	SECRETARY	2.00	Officer	$0	$0	$0
LIONEL PHILLIPS	TREASURER	2.00	Officer	$0	$0	$0
JIMMY PRALEY	MEMBER AT LARGE	2.00	Officer	$0	$0	$0
ROBIN RICHARDS	MEMBER AT LARGE	2.00	Officer	$0	$0	$0
CHRIS RYAN	MEMBER AT LARGE	2.00	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
2025	No data	No data	No data	No data
2024	$1,228,208	$1,097,873	$3,509,202	$130,335
2023	$1,119,367	$895,173	$3,411,211	$224,194
2022	$970,520	$741,490	$2,596,008	$229,030
2021	$881,945	$728,949	$2,369,699	$152,996
2020	$749,212	$693,734	$2,252,259	$55,478
2019	$775,551	$736,241	$2,217,244	$39,310
2018	$765,523	$768,187	$2,205,629	$-2,664

SEVERN SAILING ASSOCIATION