PALM BEACH SAILING CLUB (EIN 592141303) - 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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PALM BEACH SAILING CLUB, founded in 1979, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 4% surplus.

Mission

To develop, encourage and stimulate interest in sailing in the Palm Beach area, to promote fellowship and comradery among local and visiting sailors and offer sailing education and training to members and others approved for training by the Board of Directors.

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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 $462,777

Program Service Revenue $595,486

Investment Income $959

Other Revenue $-12,746

TOTAL REVENUE $1,046,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,405

Fundraising Expenses $0

Program Expenses $713,404

Other Expenses $493,950

TOTAL EXPENSES $1,004,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,046,476	$851,876	+0.2%
Expenses	$1,004,355	$819,780	+0.2%
Net Income	$42,121	$32,096	+0.3%

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
Michael Dobbelaere	Director	1.00	Director	$0	$0	$0
Barry Roberts	Director	1.00	Director	$0	$0	$0
Quincy Bruckerhoff	Past Commodore	5.00	Director	$0	$0	$0
Tim McCain	Director	1.00	Director	$0	$0	$0
Ross Harness	Director	1.00	Director	$0	$0	$0
Katie Richelli	Director	1.00	Director	$0	$0	$0
Kevin Killough	Fleet Captain	5.00	Director	$0	$0	$0
Maurie Rosenberg	Rear Commodore	5.00	Officer Director	$0	$0	$0
Alex Hill	Commodore	5.00	Officer Director	$0	$0	$0
Aaron Wormus	Vice Commodore Elect	1.00	Officer Director	$0	$0	$0
Anita Cleland	Secretary	5.00	Officer Director	$0	$0	$0
John Hough	Treasurer	1.00	Officer Director	$0	$0	$0
George Paddick	Vice Commodore	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
2024	No data	No data	No data	No data
2023	$1,046,476	$1,004,355	$1,075,342	$42,121
2022	$851,876	$819,780	$1,110,746	$32,096
2021	$782,714	$770,959	$1,088,323	$11,755
2020	$642,873	$553,645	$957,152	$89,228
2019	$645,629	$597,452	$895,893	$48,177
2018	$608,275	$597,193	$819,346	$11,082

PALM BEACH SAILING CLUB