PALM BEACH SAIL AND POWER SQUADRON INC

EIN: 595129620 501(c)(3)

NORTH PALM BEACH, FL

Total Revenue
$327,016
Total Expenses
$56,536
Total Assets
$478,642
Net Assets
$478,642
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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
1944
Legal Domicile
FL
Principal Officer
RICHARD C WOOD
Phone
5612398673
Tax Period
2023-07-01 to 2024-06-30

PALM BEACH SAIL AND POWER SQUADRON INC, founded in 1944, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. The organization ran a surplus of $270K, a strong 83% operating margin.

Mission

SAFE BOATING EDUCATION & TRAINING.

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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 $4,816
Program Service Revenue $15,163
Investment Income $306,174
Other Revenue $863
TOTAL REVENUE $327,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,536
Other Expenses $56,536
TOTAL EXPENSES $56,536

Year-over-Year Comparison

2023 2022 Change
Revenue $327,016 N/A N/A
Expenses $56,536 N/A N/A
Net Income $270,480 N/A N/A
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
82
Independent Members
N/A
Employees
N/A
Volunteers
82

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD C WOOD COMMANDER 4.00
Officer
$0 $0 $0
JOHN PISHOS EXECUTIVE OFFICER 5.00
Officer
$0 $0 $0
PAMELA A PICCONE ADMINISTRATIVE OFFICER 4.00
Officer
$0 $0 $0
ROBERTA STEPHENS TREASURER 5.00
Officer
$0 $0 $0
MONICA M SPRAGUE SECRETARY 10.00
Officer
$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 $327,016 $56,536 $478,642 $270,480
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