RAGNOT AMATEUR SAILING ASSOCIATION OF TEXAS (EIN 742300536) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Bradford O Larson

Phone

7134163196

Tax Period

2025-01-01 to 2025-12-31

RAGNOT AMATEUR SAILING ASSOCIATION OF TEXAS, founded in 1983, is a micro nonprofit that reported $30K in total revenue in fiscal year 2025. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 109% operating deficit.

Mission

The primary purpose of RASA is to teach basic and advanced competitive sailing, to develop amateur athletes for sailing competition and to foster national and international competition through participation in such events as the United States Yacht Racing Union junior and youth championships, Olympic training and competition and national and international one design class championships.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $26,550

Program Service Revenue $0

Investment Income $3,401

Other Revenue $0

TOTAL REVENUE $29,951

Expense Breakdown

Grants Paid $45,273

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,553

Other Expenses $17,280

TOTAL EXPENSES $62,553

Year-over-Year Comparison

	2025	2024	Change
Revenue	$29,951	$291,998	-0.9%
Expenses	$62,553	$166,783	-0.6%
Net Income	$-32,602	$125,215	-1.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
John Cardenas	Director	0.2	Director	$0	$0	$0
Patrick Gibson	Director	0.2	Director	$0	$0	$0
Ann Graham	Director	0.2	Director	$0	$0	$0
Farley Fontenot	Director	0.2	Director	$0	$0	$0
Sandra Baldridge	Secretary	0.2	Officer Director	$0	$0	$0
Allison Orchid	Treasurer	0.3	Officer Director	$0	$0	$0
Bradford Larson	President	1	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
2025	$29,951	$62,553	$175,450	$-32,602
2024	$291,998	$166,783	$208,052	$125,215
2023	$304,026	$311,483	$82,837	$-7,457
2022	$114,544	$280,830	$90,294	$-166,286
2021	$353,044	$133,629	$256,579	$219,415

RAGNOT AMATEUR SAILING ASSOCIATION OF TEXAS