The Downtown Sailing Center Inc

EIN: 521867434 501(c)(3) Recreation & Sports

Baltimore, MD

Total Revenue
$1,374,491
Total Expenses
$1,061,144
Total Assets
$1,283,885
Net Assets
$536,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
Sharon Lacy
Phone
4107270722
Tax Period
2023-12-01 to 2024-11-30

The Downtown Sailing Center Inc, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 23% operating margin.

Mission

The Downtown Sailing Center is a nonprofit, volunteer oriented educational organization that provides boating, water safety education, and training to the community. The Downtown Sailing Center provides quality educational and life enriching programs that promote self-esteem and teamwork through the joy of sailing. The Downtown Sailing Center is committed to promoting an environment of inclusiveness especially accessibility, especially to youth, persons with disabilities, and those with limited opportunities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $774,752
Program Service Revenue $579,437
Investment Income $22,544
Other Revenue $-2,242
TOTAL REVENUE $1,374,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $505,998
Fundraising Expenses $109,672
Program Expenses $628,440
Other Expenses $555,146
TOTAL EXPENSES $1,061,144

Year-over-Year Comparison

2023 2022 Change
Revenue $1,374,491 $824,459 +0.7%
Expenses $1,061,144 $956,577 +0.1%
Net Income $313,347 $-132,118 -3.4%
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

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Governance

Voting Members
14
Independent Members
13
Employees
64
Volunteers
165

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Eppler Secretary 5.00
Officer Director
$0 $0 $0
Lynn Handy Treasurer 5.00
Officer Director
$0 $0 $0
Kaitlyn Lucey Member-at-large 5.00
Director
$0 $0 $0
Mike McNamara Member-at-large 5.00
Director
$0 $0 $0
Princess Hester Member-at-large 5.00
Director
$0 $0 $0
Jean Holcombe Member-at-large 5.00
Director
$0 $0 $0
Douglas Silber Executive Director 40.00
Director
$0 $0 $0
Charles Emrich Member-at-large 5.00
Director
$0 $0 $0
David Marrow Member-at-large 5.00
Director
$0 $0 $0
Michael Campbell Member-at-large 5.00
Director
$0 $0 $0
Steve Smith Member-at-large 5.00
Director
$0 $0 $0
Terrence Davis Member-at-large 5.00
Director
$0 $0 $0
Hannah Dickmyer Member-at-large 5.00
Director
$0 $0 $0
Marty Fetsch President 5.00
Officer 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 $1,374,491 $1,061,144 $1,283,885 $313,347
2023 $824,459 $956,577 $913,024 $-132,118
2022 $715,888 $779,084 $964,360 $-63,196
2021 $743,973 $742,486 $677,701 $1,487
2020 $674,168 $673,257 $771,349 $911
2019 $608,417 $631,746 $530,971 $-23,329
2018 $733,415 $765,306 $555,002 $-31,891
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