SAILMAIL ASSOCIATION (EIN 943290415) - 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

1999

Legal Domicile

Principal Officer

STANLEY K HONEY

Phone

7074631463

Tax Period

2023-09-01 to 2024-08-31

SAILMAIL ASSOCIATION, founded in 1999, is a micro nonprofit in the Mutual Benefit sector that reported $99K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ASSOCIATION PROVIDES INTERNET EMAIL COMMUNICATIONS FOR ITS MEMBERS ON A COOPERATIVE BASIS, IN ORDER TO MEET THE PRIVATE BUSINESS AND OPERATIONAL NEEDS OF THE MEMBERS' YACHTS

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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 $0

Program Service Revenue $99,465

Investment Income $0

Other Revenue $0

TOTAL REVENUE $99,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,400

Fundraising Expenses $0

Program Expenses $110,201

Other Expenses $95,405

TOTAL EXPENSES $133,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,465	$160,757	-0.4%
Expenses	$133,805	$149,950	-0.1%
Net Income	$-34,340	$10,807	-4.2%

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

$25,200

Total Directors

$38,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY K HONEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
SALLY LINDSAY HONEY	TREASURER	0.50	Officer Director	$0	$0	$0
JIM CORENMAN	SECRETARY	0.50	Officer Director	$25,200	$0	$25,200
SUSAN CORENMAN	DIRECTOR	0.50	Director	$0	$0	$0
SHEA WESTON	DIRECTOR	0.50	Director	$13,200	$0	$13,200
STEVE CHAMBERLIN	DIRECTOR	0.50	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	$99,465	$133,805	$105,070	$-34,340
2023	$160,757	$149,950	$139,138	$10,807
2022	$203,349	$158,716	$125,962	$44,633
2021	$196,432	$165,875	$81,329	$30,557
2020	$246,100	$286,702	$49,946	$-40,602
2019	$336,585	$341,465	$90,548	$-4,880
2018	$397,100	$392,521	$95,428	$4,579

SAILMAIL ASSOCIATION