CORPUS CHRISTI SAILING FOUNDATION (EIN 824917040) - 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

2018

Legal Domicile

Principal Officer

VERONICA HUDLOW

Phone

3618836518

Tax Period

2024-10-01 to 2025-09-30

CORPUS CHRISTI SAILING FOUNDATION, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $153K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $91K, a strong 60% operating margin.

Mission

PROMOTING SAILING AND BOATING IN THE CORPUS CHRISTI BAY AREA

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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 $153,169

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $153,169

Expense Breakdown

Grants Paid $8,745

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,416

Other Expenses $53,162

TOTAL EXPENSES $61,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,169	$220,910	-0.3%
Expenses	$61,907	$48,319	+0.3%
Net Income	$91,262	$172,591	-0.5%

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

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
VERONICA HUDLOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD HUNTER JR	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSH RICHLINE	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE HILL	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA JASEK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COLLINS	DIRECTOR/CCYC LIAISON	1.00	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
2025	$153,169	$61,907	$384,729	$91,262
2024	$220,910	$48,319	$244,409	$172,591
2023	$18,729	$6,366	$71,818	$12,363
2022	$96,752	$83,173	$59,811	$13,579
2021	$46,221	$45,063	$71,153	$1,158
2020	$1,747	$1,967	$44,718	$-220
2019	$124,933	$120,307	$44,938	$4,626
2018	$754,211	$780,172	$106,379	$-25,961

CORPUS CHRISTI SAILING FOUNDATION