LISOT SAILING FOUNDATION INC (EIN 812660652) - 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

2016

Legal Domicile

Principal Officer

MICHAEL RUDNICK

Phone

2035691199

Tax Period

2023-01-01 to 2023-12-31

LISOT SAILING FOUNDATION INC, founded in 2016, is a small nonprofit that reported $490K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION WILL PROMOTE, ENCOURAGE, ORGANIZE AND CONDUCT SAILBOAT RACING ACTIVITIES FOR HEALTHFUL, WHOLESOME, AND CHARACTER-BUILDING SPORT FOR YOUTH: TO DISSEMINATE INFORMATION TO CHILDREN AND YOUNG PEOPLE ABOUT THE SPORT OF SAILBOAT RACING; TO ASSIST CHILDREN AND YOUNG PEOPLE IN DEVELOPING THEIR SAILBOAT RACING ABILITIES TO ENABLE THEM TO COMPETE IN LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMPETITION; TO ASSIST CHILDREN AND YOUNG PEOPLE AND THEIR FAMILIES IN SETTING AND ACHIEVING THEIR GOALS IN THE SPORT OF SAILBOAT RACING.

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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 $12,850

Program Service Revenue $440,713

Investment Income $24

Other Revenue $36,477

TOTAL REVENUE $490,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,899

Fundraising Expenses $0

Program Expenses $478,643

Other Expenses $236,744

TOTAL EXPENSES $478,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,064	$453,394	+0.1%
Expenses	$478,643	$494,133	0.0%
Net Income	$11,421	$-40,739	-1.3%

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
MICHAEL RUDNICK	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK COWLES	TREASURER	2.00	Officer Director	$0	$0	$0
DOUG WEFER	DIRECTOR	2.00	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	$490,064	$478,643	$87,248	$11,421
2022	$453,394	$494,133	$75,827	$-40,739
2021	$428,787	$403,274	$116,566	$25,513
2020	$375,073	$383,773	$91,273	$-8,700
2019	$496,667	$469,616	$99,973	$27,051
2018	$582,203	$571,627	$72,922	$10,576

LISOT SAILING FOUNDATION INC