SARASOTA SAILING SQUADRON INC (EIN 591943529) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

BOB TWINEM

Phone

9413882355

Tax Period

2024-07-01 to 2025-06-30

SARASOTA SAILING SQUADRON INC, founded in 1973, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $995K exceeded revenue, resulting in a 170% operating deficit.

Mission

TO PROVIDE CLUB FACILITIES, SAILING INSTRUCTION, BOAT STORAGE, LAUNCH ACCESS AND RAMPS/HOISTS FOR APPROXIMATELY 1,088 FAMILY MEMBERS.

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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 $310,062

Program Service Revenue $470,549

Investment Income $-542,125

Other Revenue $130,427

TOTAL REVENUE $368,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $423,543

Fundraising Expenses $0

Program Expenses $994,204

Other Expenses $571,459

TOTAL EXPENSES $995,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,913	$946,663	-0.6%
Expenses	$995,002	$901,439	+0.1%
Net Income	$-626,089	$45,224	-14.8%

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

331

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

$125,000

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB TWINEM	COMMODORE/P	2.00	Officer Director	$0	$0	$0
BILL JOHNSON	VICE COMMODO	2.00	Officer Director	$0	$0	$0
BELLE BAXTER	EDUCATION DI	2.00	Officer Director	$0	$0	$0
MEGAN BRADY BOTTI	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM THURMAN	TREASURER	2.00	Officer Director	$0	$0	$0
EDUARDO SYLVESTRE	GENERAL MANA	40.00	Officer Director	$125,000	$0	$125,000
LEE PARKS	REGATTA DIRE	2.00	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	$368,913	$995,002	$2,058,511	$-626,089
2024	$946,663	$901,439	$2,345,622	$45,224
2023	$529,444	$396,010	$2,320,490	$133,434
2022	$807,750	$728,796	$2,175,004	$78,954
2021	$790,673	$726,646	$2,108,235	$64,027
2020	$904,261	$520,728	$2,022,391	$383,533

SARASOTA SAILING SQUADRON INC