GREENWICH SAILING SCHOOL INC

EIN: 873923796 501(c)(3) Recreation & Sports

OLD GREENWICH, CT

Total Revenue
$288,730
Total Expenses
$330,262
Total Assets
$102,131
Net Assets
$-22,768
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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
CT
Principal Officer
WILLIAM KING
Phone
2036372022
Tax Period
2024-01-01 to 2024-12-31

GREENWICH SAILING SCHOOL INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $289K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $330K exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide an instructional and recreational sailing program for both junior and adult levels.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,515
Program Service Revenue $266,215
Investment Income $0
Other Revenue $0
TOTAL REVENUE $288,730

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,028
Fundraising Expenses $0
Program Expenses $317,192
Other Expenses $157,234
TOTAL EXPENSES $330,262

Year-over-Year Comparison

2024 2023 Change
Revenue $288,730 $391,691 -0.3%
Expenses $330,262 $388,242 -0.1%
Net Income $-41,532 $3,449 -13.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN KANTOR PRESIDENT-DIRECTOR 25.00
Officer Director
$0 $0 $0
WILLIAM KING SECRETARY/TREASURER/DIRECTOR 25.00
Officer Director
$0 $0 $0
HEIDI MCGEE DIRECTOR 5.00
Officer 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 $288,730 $330,262 $102,131 $-41,532
2023 $391,691 $388,242 $162,153 $3,449
2022 $366,228 $350,913 $267,111 $15,315
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