GALVESTON BAY CRUISING ASSOCIATION INC (EIN 746203782) - 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

1975

Legal Domicile

Principal Officer

MARTY PEDOWICZ

Phone

7133010838

Tax Period

2024-01-01 to 2024-12-31

GALVESTON BAY CRUISING ASSOCIATION INC, founded in 1975, is a micro nonprofit that reported $50K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

BAY AND OCEAN SAILBOAT RACES IN GALVESTON BAY AND THE GULF OF INCLUDES SHORT, MEDIUM AND LONG RACES BENEFITTING 140+ MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,964

Investment Income $42

Other Revenue $3,170

TOTAL REVENUE $50,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $49,565

TOTAL EXPENSES $49,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,176	$90,263	-0.4%
Expenses	$49,565	$54,976	-0.1%
Net Income	$611	$35,287	-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

N/A

Employees

N/A

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
Scott Tuma	Fleet Captain	20.00	Officer	$0	$0	$0
Darin Keever	Commodore	20.00	Officer	$0	$0	$0
Mike Lewis	Vice Commodore	20.00	Officer	$0	$0	$0
CHRISTOPHER DEES	PAST COMMODORE	20.00	Officer	$0	$0	$0
BILL TAMICK	MEMBER	20.00	Officer	$0	$0	$0
AMY CROWELL	REAR COMMODORE	20.00	Officer	$0	$0	$0
CHRIS MAY	MEMBER	20.00	Officer	$0	$0	$0
KEVIN BEDNAR	MEMBER	20.00	Officer	$0	$0	$0
KEVIN HAYES	MEMBER	20.00	Officer	$0	$0	$0
MARTY PEDOWICZ	TREASURER	20.00	Officer	$0	$0	$0
KELLEY DEES	SECRETARY	20.00	Officer	$0	$0	$0
RON EDDLEMAN	MEMBER	20.00	Officer	$0	$0	$0
GREG CASAMAYOR	MEMBER	20.00	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	$50,176	$49,565	$70,892	$611
2023	$90,263	$54,976	$70,281	$35,287
2022	$63,317	$59,799	$34,644	$3,518
2021	$49,458	$53,924	$30,442	$-4,466
2020	$49,043	$51,508	$37,607	$-2,465
2019	$54,455	$59,752	$39,549	$-5,297
2018	$50,143	$63,906	$46,784	$-13,763

GALVESTON BAY CRUISING ASSOCIATION INC