PROFESSIONAL WINDSURFERS ASSOCIATION (EIN 990353054) - 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

2000

Legal Domicile

Principal Officer

NICO PRIEN

Phone

8082830747

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL WINDSURFERS ASSOCIATION, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $893K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $864K left a modest 3% surplus.

Mission

THE ORGANIZATION PROMOTES SUPPORT SERVICES FOR ALL WINDSURFERS BY SPONSORING EVENTS,MAKES RULES FOR THE SPORT,PROMOTES FRIENDSHIP & DISCIPLINE

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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 $156,242

Program Service Revenue $737,134

Investment Income $0

Other Revenue $0

TOTAL REVENUE $893,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $864,333

TOTAL EXPENSES $864,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$893,376	$685,544	+0.3%
Expenses	$864,333	$831,159	+0.0%
Net Income	$29,043	$-145,615	-1.2%

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

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

$8,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETRA GRIMM	TREASURER	10.00	Officer	$8,373	$0	$8,373
ARNON DAGAN	IND REP/DIRE	5.00	Director	$0	$0	$0
DIETER VAN DER EYKEN	RIDERS REP/D	10.00	Director	$0	$0	$0
JANE SEMAN	RIDERS REP/D	5.00	Director	$0	$0	$0
JORDY VONK	REIDERS REP/	5.00	Director	$0	$0	$0
FRANCISCO GOYA	SECRETARY	10.00	Officer	$0	$0	$0
NICO PRIEN	PRESIDENT	5.00	Officer	$0	$0	$0
ROBERT STROJ	VICE-PRESIDE	10.00	Officer	$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	$893,376	$864,333	$159,378	$29,043
2023	$685,544	$831,159	$130,828	$-145,615
2022	$752,629	$749,502	$257,382	$3,127
2021	$354,518	$431,590	$276,158	$-77,072
2020	$118,210	$271,500	$355,162	$-153,290

PROFESSIONAL WINDSURFERS ASSOCIATION