CORINTHIAN SAILING CLUB INC

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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

1939

Legal Domicile

Phone

2143484133

Tax Period

2025-01-01 to 2025-12-31

CORINTHIAN SAILING CLUB INC, founded in 1939, is a small nonprofit in the Recreation & Sports sector that reported $315K in total revenue in fiscal year 2025.

Mission

The purpose of CSC has been to promote the sport of sailing and sailboat racing in North Texas.

Program Service Accomplishments

Program 1

Expenses: $58,053 Revenue: $41,953

Sailing Education Income: The Corinthian Sailing Club offers sailing classes for adults on members boats in the Spring and Fall. Students will learn the basics of sailing, meet new people, and...

Sailing Education Income: The Corinthian Sailing Club offers sailing classes for adults on members boats in the Spring and Fall. Students will learn the basics of sailing, meet new people, and experience White Rock Lake like never before. Students will receive hands-on experience sailing from veteran Corinthian Sail Club sailors. Points to be covered include seamanship, leaving the pier, sailing upwind and on other points of sail, tacking, jibing, returning to pier, rules of the road and basic knots.

Program 2

Expenses: $41,178 Revenue: $12,999

Social Income - The sailing club has a number of social events in addition to the racing program. They provide members and guests an opportunity to make new friends and to get to know one another. We have a party the first Friday of each month starting in the Spring and running into the Fall. These are always well attended. There is a Fall awards banquet and business meeting in the first calendar quarter prior to starting the new club year.

Program 3

Expenses: $39,662 Revenue: $4,664

Regatta Income (CSC): The Corinthian Sailing Club has an active racing program with seven one-design fleets - Butterfly, Corinthian, DF95, Fllying Scot, Laser, RS-Aero, and Snipe. The Club and...

Regatta Income (CSC): The Corinthian Sailing Club has an active racing program with seven one-design fleets - Butterfly, Corinthian, DF95, Fllying Scot, Laser, RS-Aero, and Snipe. The Club and individual fleets host a number of regattas throughout the year on White Rock Lake. Some of these are local events, while others are regional and occasionally national in scope.

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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 (2025)

Revenue Breakdown

Contributions & Grants $255,413

Program Service Revenue $59,616

Investment Income $0

Other Revenue $0

TOTAL REVENUE $315,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,893

Other Expenses $315,291

TOTAL EXPENSES $315,291

Year-over-Year Comparison

	2025	2024	Change
Revenue	$315,029	$301,049	+0.0%
Expenses	$315,291	$282,183	+0.1%
Net Income	$-262	$18,866	-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

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
Forest Atkins	Commodore	2.00	Officer Director	$0	$0	$0
Barry Moore	Vice Commodore	2.00	Officer Director	$0	$0	$0
Ed Lockey	Secretary	2.00	Officer Director	$0	$0	$0
Eric Reisdorf	Treasurer	2.00	Officer Director	$0	$0	$0
Baron Eliason	Entertainment	2.00	Director	$0	$0	$0
Tom Miller	Equipment	2.00	Director	$0	$0	$0
Graham Bryant	Pier	2.00	Director	$0	$0	$0
Mike Hughes	IT	2.00	Director	$0	$0	$0
Steve Benenson	Membership	2.00	Director	$0	$0	$0
Steve Tzhone	Membership	2.00	Director	$0	$0	$0
Bill Preston	Registrar	2.00	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
2025	$315,029	$315,291	$147,117	$-262
2024	No data	No data	No data	No data
2023	$296,142	$280,617	$127,346	$15,525
2022	$311,229	$282,325	$107,907	$28,904