SOUTHERN MARYLAND SAILING ASSOCIATION INC (EIN 521435822) - 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

1985

Legal Domicile

Principal Officer

Katherine Woodworth

Phone

4436847672

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN MARYLAND SAILING ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 17% operating margin.

Mission

Social and Recreation Club for sailboat sailing. Organize sailboat racing and cruising activities; organize social events; publish monthly newsletter and annual yearbook for members; conduct sail training day camp for children; train High School/Middle School sailing team; and teach adult 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 (2023)

Revenue Breakdown

Contributions & Grants $97,495

Program Service Revenue $143,909

Investment Income $47

Other Revenue $2,035

TOTAL REVENUE $243,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,189

Fundraising Expenses $0

Program Expenses $93,370

Other Expenses $176,211

TOTAL EXPENSES $201,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,486	$196,697	+0.2%
Expenses	$201,400	$221,321	-0.1%
Net Income	$42,086	$-24,624	-2.7%

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

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
Carl Kemp	Director	2	Director	$0	$0	$0
Clarke McKinney	Director	2	Director	$0	$0	$0
Jimmy Yurko	Director	2	Director	$0	$0	$0
Shawn Stanley	Director	2	Director	$0	$0	$0
Joe Frost	Director	2	Director	$0	$0	$0
Elliott Peterson	Director	2	Director	$0	$0	$0
John Blaney	Commodore	8	Officer	$0	$0	$0
David Meiser	Vice Commodore	8	Officer	$0	$0	$0
Scott Roland	Rear Commodore	8	Officer	$0	$0	$0
Laura Comeau-Stanley	Secretary	8	Officer	$0	$0	$0
Katherine Woodworth	Treasurer	20	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	No data	No data	No data	No data
2023	$243,486	$201,400	$349,558	$42,086
2022	$196,697	$221,321	$307,191	$-24,624
2021	$216,356	$196,375	$331,976	$19,981
2020	$148,822	$114,445	$311,063	$34,377

SOUTHERN MARYLAND SAILING ASSOCIATION INC