500 SAILS (EIN 660821204) - 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

2014

Legal Domicile

Phone

6703237245

Tax Period

2023-01-01 to 2023-12-31

500 SAILS, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $415K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $493K exceeded revenue, resulting in a 19% operating deficit.

Mission

500 Sails' mission is the cultural revival of the maritime traditions of the Mariana Islands. This is done through sailing of canoes of traditional design made from both modern and traditional materials, as well as classes in sailing, building, swimming, and educational outreach.

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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 $360,163

Program Service Revenue $55,281

Investment Income $0

Other Revenue $2

TOTAL REVENUE $415,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,881

Fundraising Expenses $39,442

Program Expenses $392,082

Other Expenses $162,752

TOTAL EXPENSES $492,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,446	$2,192,711	-0.8%
Expenses	$492,633	$545,730	-0.1%
Net Income	$-77,187	$1,646,981	-1.0%

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
DAVE GUERRERO	President	2.00	Officer Director	$0	$0	$0
JULIA BENAVENTE	Vice President	2.00	Officer Director	$0	$0	$0
GERALDINE SASAMOTO	Treasurer	2.00	Officer Director	$0	$0	$0
EMMA PEREZ	Secretary	2.00	Officer Director	$0	$0	$0
NADINE DELEON GUERRERO	Director	1.00	Director	$0	$0	$0
SALINA SAPP	Director	1.00	Director	$0	$0	$0
TIANA REYES	Director	1.00	Director	$0	$0	$0
CECILIO RAIUKIULIPIY	Director	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
2024	No data	No data	No data	No data
2023	$415,446	$492,633	$1,974,663	$-77,187
2022	$2,192,711	$545,730	$2,057,460	$1,646,981

500 SAILS