SARASOTA YOUTH 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

1980

Legal Domicile

Principal Officer

JOERN SROKA

Phone

9415044236

Tax Period

2023-10-01 to 2023-12-31

SARASOTA YOUTH SAILING INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $103K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE ORGANIZATION WAS FOUNDED IN 1980 TO ENCOURAGE, AID AND SUPPORT INSTRUCTIONAL SAILING PROGRAMS FOR JUVENILES, AGES 8 TO 18. IT IS A BELIEF OF THE ORGANIZATION THAT THE PLEASURES OF SAILING HAVE A THERAPEUTIC EFFECT ON ALL CHILDREN. SAILING IS A PHYSICAL AND INTELLECTUAL CHALLENGE WHICH BUILDS SELF-ESTEEM, TEAM SPIRIT, SPORTSMANSHIP AND A STRONG APPRECIATION OF THE NATURAL ENVIRONMENT

Program Service Accomplishments

Program 1

Expenses: $95,736 Revenue: $18,216

THE SARASOTA YOUTH SAILING PROGRAM CONTINUES TO MAINTAIN ITS FLEET OF SAILING CRAFT FOR SAFETY AND PERFORMANCE. THE CHILDREN'S PROGRAM HAS GROWN WITH THE ADDITIONS TO THE INSTRUCTIONAL AND RACING...

THE SARASOTA YOUTH SAILING PROGRAM CONTINUES TO MAINTAIN ITS FLEET OF SAILING CRAFT FOR SAFETY AND PERFORMANCE. THE CHILDREN'S PROGRAM HAS GROWN WITH THE ADDITIONS TO THE INSTRUCTIONAL AND RACING PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $75,319

Program Service Revenue $7,544

Investment Income $263

Other Revenue $20,235

TOTAL REVENUE $103,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,053

Fundraising Expenses $0

Program Expenses $95,736

Other Expenses $60,302

TOTAL EXPENSES $134,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,361	$459,355	-0.8%
Expenses	$134,355	$542,672	-0.8%
Net Income	$-30,994	$-83,317	-0.6%

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
JOERN SROKA	CHAIRMAN	12.50	Director	$0	$0	$0
MARK WHITTMAN	BOARD MEMBER	10.00	Director	$0	$0	$0
ALAN STANIFORTH	BOARD MEMBER	8.00	Director	$0	$0	$0
TRAVIS YATES	BOARD MEMBER	8.00	Director	$0	$0	$0
CLAIRE MURRAY FRENCH	BOARD MEMBER	10.00	Director	$0	$0	$0
JOHN FOLVIG	BOARD MEMBER	5.00	Director	$0	$0	$0
KEITH WOODBURY	BOARD MEMBER	3.00	Director	$0	$0	$0
LAURA STRICKLAND	TREASURER	3.00	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	$103,361	$134,355	$544,108	$-30,994
2022	$502,124	$477,025	$654,208	$25,099
2021	$381,350	$418,741	$543,474	$-37,391
2020	$493,969	$447,052	$667,291	$46,917
2019	$493,359	$452,815	$620,426	$40,544
2018	$571,367	$427,701	$578,940	$143,666