SPECTRUM SAILING (EIN 880637151) - 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

2022

Legal Domicile

Principal Officer

Scott Herman

Phone

8478633059

Tax Period

2024-01-01 to 2024-12-31

SPECTRUM SAILING, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 243% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 70% operating margin.

Mission

pectrum Sailing provides maritime education, programming, and outreach for autistic individuals. Our camps provide opportunities for skill development, social interaction, and confidence building. Sailing is our platform to positively impact the physical, mental, and social health of our participants.

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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 $229,617

Program Service Revenue $0

Investment Income $3,935

Other Revenue $0

TOTAL REVENUE $233,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,000

Fundraising Expenses $0

Program Expenses $60,363

Other Expenses $50,061

TOTAL EXPENSES $70,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,552	$68,021	+2.4%
Expenses	$70,061	$24,329	+1.9%
Net Income	$163,491	$43,692	+2.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

128

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

$20,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alwin Brunner	President and Director	10.00	Officer Director	$0	$0	$0
Scott Herman	Executive Director	40.00	Officer Director	$20,000	$0	$20,000
William Thurber	Treasurer and Director	5.00	Officer Director	$0	$0	$0
Cate Muller	Director	5.00	Director	$0	$0	$0
Abigail Lucas	Secretary and Director	5.00	Officer Director	$0	$0	$0
Angela Geiger	Director	5.00	Director	$0	$0	$0
William Faude	Director	5.00	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	No data	No data	No data	No data
2024	$233,552	$70,061	$224,533	$163,491

SPECTRUM SAILING