COCONUT GROVE SAILING CLUB 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

1972

Legal Domicile

Principal Officer

KEITH HENRICH

Phone

3054444571

Tax Period

2024-07-01 to 2025-06-30

COCONUT GROVE SAILING CLUB INC, founded in 1972, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 9% surplus.

Mission

TO PROMOTE AN APPRECIATION OF SAILING AND TO PROVIDE FACILITIES, EQUIPMENT, INSTRUCTION AND COMRADESHIP TO ENHANCE MEMBERS INTEREST IN SAILING, AS WELL AS TO INTEREST YOUNG PEOPLE

Program Service Accomplishments

Program 1

Expenses: $706,200 Revenue: $695,011

BOAT STORAGE AND MOORING OPERATIONS, PROMOTE COMRADESHIP ALLOWING MEMBERS TO EXPERIENCE THE PLEASURE OF BOATING WITH OTHER MEMBERS

Program 2

Expenses: $906,417 Revenue: $1,450,533

BAR, FOOD, AND GIFT SHOP OPERATIONS PROMOTE FELLOWSHIP AND COOPERATION AMONG MEMBERS, WHICH ENHANCE THE SOCIAL FUNCTION

Program 3

Expenses: $84,945 Revenue: $111,956

SUPPORT PUBLIC REGATTAS AND SEMINARS; SPONSOR LOCAL, NATIONAL AND INTERNATIONAL SAILING REGATTAS TO ENHANCE PUBLIC AWARENESS OF 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 (2024)

Revenue Breakdown

Contributions & Grants $2,201,012

Program Service Revenue $862,803

Investment Income $165

Other Revenue $1,004,073

TOTAL REVENUE $4,068,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,674,662

Fundraising Expenses $0

Program Expenses $1,697,562

Other Expenses $2,019,613

TOTAL EXPENSES $3,694,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,068,053	$3,618,631	+0.1%
Expenses	$3,694,275	$3,542,361	+0.0%
Net Income	$373,778	$76,270	+3.9%

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

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

$262,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HENRICH	COMMODORE	2.00	Officer Director	$0	$0	$0
PRISKA URBAN	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
WILLIAM SANCHO	REAR COMMODORE	3.00	Officer Director	$0	$0	$0
DOREEN FISCHER	SECRETARY	2.00	Officer Director	$0	$0	$0
BOB AIKEN	TREASURER	3.00	Officer Director	$0	$0	$0
LAUREN SIMPSON	GENERAL MANAGER	55.00	Key Emp Highest	$231,871	$0	$262,971
OLIVER LAVALETTE	BOARD MAMBER	1.00	Director	$0	$0	$0
MELISSA SHUFFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES LIEBL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALYN FRUETT	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BUD PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JENNIFER CHENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SANTORO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE HUTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ETKIN	BOARD & PAST COMMODORE	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
2025	$4,068,053	$3,694,275	$5,312,924	$373,778
2024	$3,618,631	$3,542,361	$4,292,725	$76,270
2023	$3,511,412	$3,308,881	$4,339,449	$202,531
2022	$2,979,003	$2,471,727	$4,050,730	$507,276
2021	$2,340,534	$2,026,909	$3,294,554	$313,625
2020	$2,098,674	$1,943,790	$2,453,215	$154,884
2019	$2,199,989	$1,973,006	$2,649,348	$226,983
2018	$2,195,903	$1,978,248	$2,626,911	$217,655