ST FRANCIS SAILING FOUNDATION

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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

1984

Legal Domicile

Principal Officer

GREG MEAGHER

Phone

5105412543

Tax Period

2023-01-01 to 2023-12-31

ST FRANCIS SAILING FOUNDATION, founded in 1984, is a small nonprofit that reported $461K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $560K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE FOUNDATION SUPPORTS THE TRAINING, DEVELOPMENT AND PARTICIPATION OF AMATEUR SAILORS IN NATIONAL AND INTERNATIONAL COMPETITION AND SUPPORTS YOUTH ENGAGEMENT AND DISABLED ACCESS TO THE SPORT OF SAILING.

Program Service Accomplishments

Program 1

Expenses: $498,730

THE ST. FRANCIS SAILING FOUNDATION PROVIDES SUPPORT TO PROMISING YOUNG SAILORS JUST BEGINNING THEIR COMPETITIVE SAILING CAREERS AND ADVANCED COMPETITIVE SAILORS IN THE NATIONAL AND INTERNATIONAL...

THE ST. FRANCIS SAILING FOUNDATION PROVIDES SUPPORT TO PROMISING YOUNG SAILORS JUST BEGINNING THEIR COMPETITIVE SAILING CAREERS AND ADVANCED COMPETITIVE SAILORS IN THE NATIONAL AND INTERNATIONAL COMPETITION. A PRIORITY OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR US SAILORS AND WINDSURFERS WHO SHOW EXCEPTIONAL PROMISE TO ENABLE THEM TO COMPETE IN THE NATIONAL AND INTERNATIONAL COMPETITIONS LEADING UP TO THE OLYMPICS. THE FOUNDATION MAKES GRANTS TO DEVELOP THE INTERST AND SKILLS OF YOUTH IN THE SPORT OF SAILING BY SUPPORTING PROGRAMS THAT INTRODUCE YOUTH TO SAILING THROUGH THE PROGRAMS OF THE TREASURE ISLAND SAILING CENTER AND SEA SCOUTS, AND BY PROVIDING SCHOLARSHIPS FOR DISADVANTAGED YOUTH TO ATTEND SUMMER SAILING DAY CAMPS AND TRAINING PROGRAMS OFFERED BY THE ST. FRANCIS YACHT CLUB. THE FOUNDATION ALSO SUPPORTS EXPANDED ACCESS TO THE SPORT OF SAILING WITH A GRANT TO THE BAY AREA ASSOCIATION OF DISABLED SAILORS TO SUPPORT PARTICIPATION IN NATIONAL COMPETITIVE RACES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $126,408

Program Service Revenue $0

Investment Income $279,328

Other Revenue $54,822

TOTAL REVENUE $460,558

Expense Breakdown

Grants Paid $473,639

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $498,730

Other Expenses $86,479

TOTAL EXPENSES $560,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,558	$1,178,296	-0.6%
Expenses	$560,118	$386,410	+0.4%
Net Income	$-99,560	$791,886	-1.1%

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

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
ROLF KAISER	PRESIDENT	10.00	Officer Director	$0	$0	$0
WILLIAM HOEHLER	SECRETARY	10.00	Officer Director	$0	$0	$0
GREG MEAGHER	TREASURER	10.00	Officer Director	$0	$0	$0
PAMELA HEALY	PAST PRESIDENT	5.00	Director	$0	$0	$0
BILL KREYSLER	PAST PRESIDENT	5.00	Director	$0	$0	$0
MIKE MARTIN	DIRECTOR	5.00	Director	$0	$0	$0
PETER STONEBERG	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE SLADE	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
MAUREEN RODDY	DIRECTOR	5.00	Director	$0	$0	$0
PAUL HEINEKEN	DIRECTOR	5.00	Director	$0	$0	$0
JENNY SWETT	DIRECTOR	5.00	Director	$0	$0	$0
PAM RORKE LEVY	DIRECTOR	5.00	Director	$0	$0	$0
KIMBALL LIVINGSTON	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH ANATHAN	DIRECTOR	5.00	Director	$0	$0	$0
MOLLY CARAPIET	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH LITTLE	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
2024	No data	No data	No data	No data
2023	$460,558	$560,118	$7,733,728	$-99,560
2022	$1,178,296	$386,410	$7,064,012	$791,886
2021	$945,065	$603,077	$7,666,855	$341,988
2020	$508,119	$447,031	$6,941,974	$61,088
2019	$626,433	$416,328	$6,174,702	$210,105
2018	$414,938	$452,647	$5,151,045	$-37,709