THE FOUNDRY SAILING ASSOCIATION (EIN 814131039) - 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

GINA M TREBILCOCK

Phone

4402684310

Tax Period

2020-01-01 to 2020-12-31

THE FOUNDRY SAILING ASSOCIATION, founded in 2016, is a small nonprofit that reported $165K in total revenue in fiscal year 2020. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $379K exceeded revenue, resulting in a 129% operating deficit.

Mission

TO PROVIDE SAILING INSTRUCTION FOR YOUTHS AND YOUNG ADULTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $110,155

Program Service Revenue $54,810

Investment Income $0

Other Revenue $105

TOTAL REVENUE $165,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,210

Fundraising Expenses $0

Program Expenses $342,969

Other Expenses $251,295

TOTAL EXPENSES $378,505

Year-over-Year Comparison

	2020	2019	Change
Revenue	$165,070	$234,986	-0.3%
Expenses	$378,505	$504,116	-0.2%
Net Income	$-213,435	$-269,130	-0.2%

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

$17,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA M TREBILCOCK	PRESIDENT	30.00	Officer Director	$0	$0	$0
LIZ BARKER	DIRECTOR	5.000	Director	$0	$0	$0
KARL D FELGER	DIRECTOR	5.000	Director	$0	$0	$0
RUSTY DEANE	EXECUTIVE DIRECTOR	50.00	Officer	$17,000	$0	$17,000
DAVID W HILDEBRANDT	TREASURER	2.000	Officer	$0	$0	$0
MICHAEL SHEEHAN	DIRECTOR	1.000	Director	$0	$0	$0
KATHY VANDERHORST	DIRECTOR	1.000	Director	$0	$0	$0
TOM EINHOUSE	DIRECTOR	1.000	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
2020	$165,070	$378,505	$800,742	$-213,435

THE FOUNDRY SAILING ASSOCIATION