NEWPORT, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BERMUDA RACE FOUNDATION INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $713K in total revenue in fiscal year 2024. Revenue surged 1070% from the prior year, signaling strong growth momentum. Expenses of $631K left a modest 12% surplus.
TO PROMOTE NATIONAL AND INTERNATIONAL AMATEUR SAILING COMPETITION BY CONDUCTING REGIONAL, NATIONAL AND INTERNATIONAL REGATTAS AND RACES, EDUCATIONAL SEMINARS, TRAINING, CONFERENCES AND MEETINGS REGARDING OFFSHORE RACING AND SAFETY AT SEA, AND TO SOLICIT, COLLECT AND EXPEND FUNDS FOR SUCH PURPOSES, AND ALL OTHER LEGAL PURPOSES UNDER SECTION 501(C)(3) OF THE CODE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $713,202 | $60,967 | +10.7% |
| Expenses | $630,795 | $30,623 | +19.6% |
| Net Income | $82,407 | $30,344 | +1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRAD WILLAUER | PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY EBERLE | TREASURER | 14.00 |
Director
|
$0 | $0 | $0 |
| JAY GOWELL | VICE PRESIDENT, SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER BECKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HAL KEMPE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM BINCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LES CRANE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICK OREM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SOMERS KEMPE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES PHYFE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHANCE ANDERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BUDDY REGO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REBECCA ROBERTS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $713,202 | $630,795 | $741,637 | $82,407 |
| 2023 | $299,437 | $135,708 | $543,109 | $163,729 |
| 2023 | $60,967 | $30,623 | $570,724 | $30,344 |
Compare BERMUDA RACE FOUNDATION INC with other nonprofits in Rhode Island and across the country.