Financial Report

FAIRHOPE SAILING FOUNDATION INC

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EIN
26-3344651
Forms in history
990EZ
Most recent year
2019
Years covered
2017, 2018, 2019
Generated
2026-07-14
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Cover, Identity, and Data Lineage

OrganizationFAIRHOPE SAILING FOUNDATION INC
Employer Identification Number (EIN)26-3344651
Years covered2017, 2018, 2019

Source: IRS machine-readable 990 XML filings. Generated: 2026-07-14 Years + form type: 2017:990EZ, 2018:990EZ, 2019:990EZ Disclaimer: This report supplements — not replaces — current internal financial records, budgets, YTD reporting, cash forecasts, and audited or reviewed financial statements where available. It presents as-filed IRS figures and may lag the organization's current financial position.

Executive Snapshot

Latest year2019
Operating margin-10060.0%
Months of cash26.6 months
Net asset reserve ratio (proxy)2.22×

Proxy: total net assets used — restriction split not available for this filing.

Leverage (liabilities/assets)Not reported
Revenue YoY↓ -96.8%
Expense YoY↓ -27.7%

This Financial Report summarizes IRS machine-readable Form 990-series filings for FAIRHOPE SAILING FOUNDATION INC across 3 filing year(s). The latest filing year (2019) shows operating margin -10060.0% and leverage Not reported. Year-over-year revenue is ↓ -96.8%, and year-over-year expense is ↓ -27.7%. Values marked Not available reflect form-depth limits or absent lines in the filed record.

Multi-year Statement of Activities

Tax yearFormTotal revenueTotal expensesNet revenue
2017990EZ$112$757-$645
2018990EZ$155$703-$548
2019990EZ$5$508-$503

Multi-year Statement of Financial Position

Tax yearFormTotal assets (EOY)Total liabilities (EOY)Net assets (EOY)
2017990EZNot reportedNot reported$2,179
2018990EZNot reportedNot reported$1,631
2019990EZNot reportedNot reported$1,128

Fiscal-health Dashboard (Trend View)

Tax yearFormOperating marginMonths of cashCash basisReserve ratio / proxyReserve basisLeverageProgram expense ratioRevenue concentration
2017990EZ-575.9%34.5 months990-EZ combined cash+savings+investments (upper bound)2.88×Total net assets proxyNot reportedNot reportedNot reported
2018990EZ-353.5%27.8 months990-EZ combined cash+savings+investments (upper bound)2.32×Total net assets proxyNot reportedNot reportedNot reported
2019990EZ-10060.0%26.6 months990-EZ combined cash+savings+investments (upper bound)2.22×Total net assets proxyNot reportedNot reportedNot reported

This section is trend-only. It does not score, rank, or grade an organization. Where a form does not require a line, the record is marked Not available.

Revenue Composition and Reliability

Not available at this form's depth for the available filing years.

Expense Composition

Not available at this form's depth for the available filing years.

Compensation and Staffing Trend

Tax yearOfficer rowsW-2 employee count
2017Not availableNot available
2018Not availableNot available
2019Not availableNot available

Counts reflect public sworn filing disclosures and are presented without ranking or judgment.

How to Read This Report

Use this report to read patterns across years, not to assign pass/fail labels. Filing forms differ in depth. A missing value usually means the form did not require that line, or the filing did not provide it. Compare each year to nearby years first, then review source filings for context.

Methodology, Glossary, and Availability

Formulas used: - Operating margin = (total revenue − total expenses) ÷ |total revenue| - Months of cash (990) = (cash non-interest + savings/temp investments) ÷ (total expenses/12) - Months of cash (990-EZ upper bound) = cash+savings+investments combined line ÷ (total expenses/12) - Operating reserve ratio (990) = net assets without donor restrictions ÷ total expenses - Operating reserve ratio (990-EZ proxy) = total net assets ÷ total expenses - Leverage = total liabilities ÷ total assets - Revenue concentration = max(separable Part VIII component line) ÷ total revenue - Program expense ratio = Part IX line 25 program-service amount ÷ total expenses Form 990-PF (private foundation) support is partial: FMV asset totals are included; revenue, expense, and operating-reserve metrics are not computed because 990-PF uses a different income/expense structure (Part I vs Part VIII/IX). Rows with return_type=990PF will show Not available for most ratios. This Financial Report is free and requires no login. Unavailable lines in this organization's filings: - Form 990-EZ years do not include Part VIII revenue line detail. - Form 990-EZ years do not include Part IX functional expense allocation lines. - Form 990-EZ years do not include Part X line-level balance sheet detail. - Program expense ratio is unavailable where Part IX line 25 program-service values are absent. - Revenue concentration is unavailable where Part VIII line totals are absent.

Ready-to-use Briefs

Annual meeting one-pager: FAIRHOPE SAILING FOUNDATION INC filed Form 990-EZ — 2017–2019 (3 years). Latest year (2019): revenue $5 · expenses $508 · net -$503. Revenue declined year-over-year in 2019. Board packet summary: Review trend tables for FAIRHOPE SAILING FOUNDATION INC across 2017–2019 (3 years). Key ratios — operating margin, reserve months, leverage — appear in the Fiscal-health Dashboard section. Interpret each metric in the context of the full series, not as a single-year score. Planning trend section: Consult the Revenue YoY and Expense YoY columns for FAIRHOPE SAILING FOUNDATION INC's rate of change, and the Leverage column for balance sheet trajectory over the filing period. Succession/onboarding brief: FAIRHOPE SAILING FOUNDATION INC's public 990 record covers 2017–2019 (3 years). Source URLs are in the Data Lineage section. Form-depth notes and the Unavailable Lines list explain why certain metrics are absent — absences are form constraints, not reporting failures.

Source Filings

YearFormSource
2017990EZOpen IRS XML
2018990EZOpen IRS XML
2019990EZOpen IRS XML

IRS machine-readable XML source for each filing year in this report. URLs link to the IRS machine-readable XML mirrored through the GivingTuesday 990 Data Infrastructure public data lake.