LAKE LANIER SAILING CLUB INC

EIN: 580974508

FLOWERY BRANCH, GA

Total Revenue
$815,792
Total Expenses
$569,192
Total Assets
$1,523,747
Net Assets
$1,519,568
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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
1959
Legal Domicile
GA
Principal Officer
AMY LARKIN
Phone
4042749390
Tax Period
2023-01-01 to 2023-12-31

LAKE LANIER SAILING CLUB INC, founded in 1959, is a small nonprofit that reported $816K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247K, a strong 30% operating margin.

Mission

TO SUPPORT THE SPORT OF SAILING THROUGH EDUCATION, TRAINING, RACING AND OTHER SAILING RELATED ACTIVITIES.

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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 $327,335
Program Service Revenue $455,341
Investment Income $17,340
Other Revenue $15,776
TOTAL REVENUE $815,792

Expense Breakdown

Grants Paid $17,753
Salaries & Benefits $107,937
Fundraising Expenses $0
Program Expenses $497,523
Other Expenses $390,613
TOTAL EXPENSES $569,192

Year-over-Year Comparison

2023 2022 Change
Revenue $815,792 $548,559 +0.5%
Expenses $569,192 $524,992 +0.1%
Net Income $246,600 $23,567 +9.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
235

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BEAN GOVERNOR N/A
Director
$0 $0 $0
WILLIAM HARSHMAN TREASURER N/A
Officer Director
$0 $0 $0
PETER KOWLASKI GOVERNOR N/A
Director
$0 $0 $0
AMY LARKIN COMMODORE N/A
Officer Director
$0 $0 $0
BILL OVEREND GOVERNOR N/A
Director
$0 $0 $0
BRIAN PICKERING GOVERNOR N/A
Director
$0 $0 $0
RICK PROFFITT GOVERNOR N/A
Director
$0 $0 $0
JIM RAPP GOVERNOR N/A
Director
$0 $0 $0
CAROL REDDAWAY PAST COMMODO N/A
Director
$0 $0 $0
STEFAN SCHULTZ VICE COMMODO N/A
Officer Director
$0 $0 $0
TONY STANLEY GOVERNOR N/A
Director
$0 $0 $0
DANA STEWART SECRETARY N/A
Officer Director
$0 $0 $0
JONATHAN STEWART REAR COMMODO N/A
Officer Director
$0 $0 $0
WILL THRAN GOVERNOR N/A
Director
$0 $0 $0
GARY UMBERGER HISTORIAN N/A
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 $815,792 $569,192 $1,523,747 $246,600
2022 $548,559 $524,992 $1,315,127 $23,567
2021 $595,864 $497,654 $1,380,978 $98,210
2020 $579,070 $431,650 $1,372,659 $147,420
2019 $615,082 $466,049 $1,469,314 $149,033
2018 $554,198 $418,478 $1,371,058 $135,720
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