GREATER RICHMOND SAILING ASSOCIATIONINC (EIN 541069136) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Dan Walsh

Phone

8043345307

Tax Period

2023-01-01 to 2023-12-31

GREATER RICHMOND SAILING ASSOCIATIONINC, founded in 1975, is a small nonprofit that reported $152K in total revenue in fiscal year 2018. Expenses of $146K left a modest 4% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS SAILING AND SAILING RELATED ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,209

Investment Income $217

Other Revenue $127,841

TOTAL REVENUE $219,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,776

Fundraising Expenses $0

Program Expenses $85,935

Other Expenses $139,329

TOTAL EXPENSES $208,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,267	$206,814	+0.1%
Expenses	$208,105	$159,606	+0.3%
Net Income	$11,162	$47,208	-0.8%

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
Grant Smith	COMMODORE	1.00	Director	$0	$0	$0
John Lew	VICE-COMMODORE	1.00	Director	$0	$0	$0
Rocky Rochester	REAR COMMODORE	1.00	Director	$0	$0	$0
Dan Walsh	TREASURER	1.00	Director	$0	$0	$0
Joan Evans	SECRETARY	1.00	Director	$0	$0	$0
Chris Cookson	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
Bob Atherton Jr	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
Helen Brown	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
Jill Reilly	MEMBER-AT-LARGE	1.00	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	No data	No data	No data	No data
2023	$219,267	$208,105	$624,124	$11,162
2022	$206,814	$159,606	$615,212	$47,208
2021	$165,131	$135,970	$563,504	$29,161
2020	$92,695	$86,962	$536,593	$5,733
2019	$142,170	$153,477	$531,610	$-11,307
2018	$152,041	$146,345	$543,881	$5,696

GREATER RICHMOND SAILING ASSOCIATIONINC