CHARLESTON COMMUNITY SAILING INC

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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

1999

Legal Domicile

Principal Officer

SARAH ASHTON

Phone

8436074890

Tax Period

2024-01-01 to 2024-12-31

CHARLESTON COMMUNITY SAILING INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $298K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE ACCESS, FACILITIES AND SAILING INSTRUCTION TO ANYONE, REGARDLESS OF SOCIOECONOMIC BACKGROUND, SKILL LEVEL OR PHYSICAL ABILITY.

Program Service Accomplishments

Program 1

Expenses: $280,184 Revenue: $145,691

PROVIDE VENUE FOR HIGH SCHOOL SAILING LEAGUE INCLUDING REGIONAL COMPETITIONS WITH OTHER SCHOOLS IN AND OUT OF STATE, WHILE ALSO HOSTING EVENTS FOR JUNIOR HIGH SCHOOLS. ORGANIZE AND DEVELOP SPECIAL...

PROVIDE VENUE FOR HIGH SCHOOL SAILING LEAGUE INCLUDING REGIONAL COMPETITIONS WITH OTHER SCHOOLS IN AND OUT OF STATE, WHILE ALSO HOSTING EVENTS FOR JUNIOR HIGH SCHOOLS. ORGANIZE AND DEVELOP SPECIAL OLYMPIC TRAINING FOR SAILING. OFFER SAILING PROGRAMS FROM BEGINNER THROUGH ADVANCED SAILORS THAT ARE OPEN TO THE PUBLIC.

Program 2

TO PROVIDE RESOURCES SUCH AS BOATS, DOCKAGE, COACHING, AND OTHER SUPPLIES AND SERVICES TO SUPPORT THE CITADEL SAILING PROGRAM.

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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 $122,238

Program Service Revenue $145,691

Investment Income $0

Other Revenue $29,986

TOTAL REVENUE $297,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,443

Fundraising Expenses $4,985

Program Expenses $280,184

Other Expenses $165,100

TOTAL EXPENSES $310,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,915	$213,904	+0.4%
Expenses	$310,543	$299,186	+0.0%
Net Income	$-12,628	$-85,282	-0.9%

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

N/A

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
LEE CASEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
SARAH COLARUSSO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
WINDY KEY	SECRETARY	3.00	Officer Director	$0	$0	$0
SARAH ASHTON	TREASURER	3.00	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
2025	No data	No data	No data	No data
2024	$297,915	$310,543	$65,338	$-12,628
2023	$213,904	$299,186	$77,263	$-85,282
2022	$229,231	$301,590	$162,543	$-72,359
2021	$256,320	$207,004	$234,900	$49,316
2020	$189,762	$200,473	$203,752	$-10,711
2019	$175,383	$192,524	$196,295	$-17,141
2018	$193,155	$196,609	$213,437	$-3,454