OFFSHORE RACING OUTREACH CORPORATI… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

WILLIAM MCCLURE

Phone

2132682642

Tax Period

2021-01-01 to 2021-12-31

OFFSHORE RACING OUTREACH CORPORATION, founded in 2021, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2021. The organization ran a surplus of $292K, a strong 100% operating margin.

Mission

TO PROVIDE EDUCATION AND TRAINING IN THE SPORT OF BIG BOAT OFFSHORE SAILBOAT RACING.

Program Service Accomplishments

Program 1

ESTABLISH A PROGRAM FOR THE RECRUITMENT, EDUCATION, AND TRAINING OF SAILORS IN THE SPORT OF BIG BOAT OFFSHORE SAILBOAT RACING. WE RECRUIT MEMBERS OF ALL BACKGROUND, EMPHASIS ON LOWER INCOME...

ESTABLISH A PROGRAM FOR THE RECRUITMENT, EDUCATION, AND TRAINING OF SAILORS IN THE SPORT OF BIG BOAT OFFSHORE SAILBOAT RACING. WE RECRUIT MEMBERS OF ALL BACKGROUND, EMPHASIS ON LOWER INCOME, TRADITIONALLY EXCLUDED FROM THE SPORT, AND THE UNDERPRIVILEGED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $292,400

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $292,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $433

TOTAL EXPENSES $433

Year-over-Year Comparison

	2021	2020	Change
Revenue	$292,407	N/A	N/A
Expenses	$433	N/A	N/A
Net Income	$291,974	N/A	N/A

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
MARIE ROGERS	President	2.00	Director	$0	$0	$0
WILLIAM MCCLURE	Treasurer	2.00	Director	$0	$0	$0
DAVID CALLOWAY	Secretary	2.00	Director	$0	$0	$0
WILLIAM ROGERS	Director	2.00	Director	$0	$0	$0
BETSY SENESCU	Director	2.00	Director	$0	$0	$0
JOHN JOURDANE	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
2021	$292,407	$433	$291,974	$291,974

OFFSHORE RACING OUTREACH CORPORATION