MONTEREY PENINSULA YOUTH SAILING FOUNDATION (EIN 942702731) - 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

1980

Legal Domicile

Principal Officer

DAVID MORRIS

Phone

8312775602

Tax Period

2024-01-01 to 2024-12-31

MONTEREY PENINSULA YOUTH SAILING FOUNDATION, founded in 1980, is a micro nonprofit in the Education sector that reported $62K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE SUPPORT EDUCATION AND PROMOTION OF SAFE BOATING/SAILING FOR THE YOUTH OF MONTEREY BAY.

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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 $17,466

Program Service Revenue $0

Investment Income $32,985

Other Revenue $11,350

TOTAL REVENUE $61,801

Expense Breakdown

Grants Paid $84,095

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,095

Other Expenses $7,060

TOTAL EXPENSES $91,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,801	$43,924	+0.4%
Expenses	$91,155	$33,090	+1.8%
Net Income	$-29,354	$10,834	-3.7%

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

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
DAVID A MORRIS IV	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
DEBRA S MORRIS	SECRETARY/CFO	1.00	Officer Director	$0	$0	$0
RICHARD CLARK	V.P./DIRECTOR	1.00	Officer Director	$0	$0	$0
PARKER WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MACEWEN	DIRECTOR	1.00	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	$61,801	$91,155	$1,587,365	$-29,354
2023	$43,924	$33,090	$1,428,027	$10,834
2022	$1,403,766	$44,645	$1,244,940	$1,359,121

MONTEREY PENINSULA YOUTH SAILING FOUNDATION