INDIANAPOLIS SAILING CLUB ACADEMY INC (EIN 852900177) - 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

2020

Legal Domicile

Principal Officer

ANDREA TOWNSEND

Phone

3178490021

Tax Period

2024-01-01 to 2024-12-31

INDIANAPOLIS SAILING CLUB ACADEMY INC, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $140K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 28% operating margin.

Mission

THE ACADEMY IS ORGANIZED FOR EDUCATION, TRAINING, INSTRUCTION, BOAT SAFETY, COMMUNITY AND COLLEGIATE SAILING AND OTHER NON-PROFIT PURPOSES.

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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 $17,300

Program Service Revenue $122,761

Investment Income $2

Other Revenue $0

TOTAL REVENUE $140,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,810

Fundraising Expenses $0

Program Expenses $97,952

Other Expenses $21,416

TOTAL EXPENSES $101,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,063	$106,367	+0.3%
Expenses	$101,226	$91,635	+0.1%
Net Income	$38,837	$14,732	+1.6%

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

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
ANDREA TOWNSEND	PRESIDENT	2.00	Officer Director	$0	$0	$0
THANE MORGAN	DIRECTOR	10.00	Director	$0	$0	$0
CHUCK GILLESPIE	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN STUCKY	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT J ESTKA	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	$140,063	$101,226	$58,832	$38,837
2023	$106,367	$91,635	$19,995	$14,732
2022	$5,329	$66	$7,088	$5,263
2021	$10	$10	No data	No data

INDIANAPOLIS SAILING CLUB ACADEMY INC