EIN: 75-1335951 · HEATH, TX · Data spans: TY2020–TY2025
Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.
Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.
Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.
$1,179,798
$1,123,115
$1,169,620
$781,263
16 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2025 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2025$408,136
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$26,000 per employee ⓘ — average across 16W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.
Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.
Professional & consulting fees (Part IX, line 11)
TY2025$20,888
Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $429,024.
Functional Expense Allocation (Part IX)
TY2025$1,123,115total functional expenses
83.7%
Program services
$939,608
16.3%
Management & general
$183,507
0.0%
Fundraising
$0
Source: Form 990, Part IX, line 25.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Financial Health Snapshot
Derived from IRS 990 filings. Figures are as reported — they reflect a single point in time and should be read alongside the full filing history and program context above. No benchmark is a verdict.
Operating Margin
Net revenue as a share of total revenue. Positive = surplus; negative = deficit.
Sector context: sailing organizations typically run thin margins by design. A small surplus signals structural balance; a deficit is not automatically a warning without multi-year trend context.
Net asset reserve (months, proxy)
Total net assets divided by monthly expense. Proxy only — includes restricted assets. Part X balance sheet data required for a more precise figure.
A common practitioner benchmark: 3–6 months of unrestricted reserves provides a buffer for seasonal revenue gaps or unexpected costs. This figure is not a compliance threshold.
Revenue Change (YoY)
Change in total revenue from TY2024 to TY2025.
A single year of revenue change is a data point, not a trend. See the historical trends above for multi-year pattern context.
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990 | $742,336 | $763,705 | -$21,369 | $690,089 |
| TY2021 | 2020–2021 | 990 | $945,674 | $832,688 | $112,986 | $803,075 |
| TY2022 | 2022+ | 990 | $966,141 | $1,056,215 | -$90,074 | $713,002 |
| TY2023 | 2022+ | 990 | $1,069,074 | $1,075,660 | -$6,586 | $706,416 |
| TY2024 | 2022+ | 990 | $1,178,071 | $1,159,709 | $18,362 | $725,253 |
| TY2025 | 2022+ | 990 | $1,179,798 | $1,123,115 | $56,683 | $781,263 |
Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.
Revenue Breakdown (Part VIII — most recent year)
Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.
| Line | Description | Amount |
|---|---|---|
| 11a | LOSS (GAIN) ON SALE OF ASSETS | $3,500 |
| 12 | Total revenue | $1,179,798 |
| 1b | Membership dues | $449,631 |
| 1f | All other contributions, gifts, grants | $88,813 |
| 1h | Total contributions and grants | $538,444 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Balance Sheet (Part X)
TY2025| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $1,159,808 | $1,169,620 |
| 26 | Total liabilities | $434,555 | $388,357 |
| 33 | Total net assets or fund balances | $725,253 | $781,263 |
Source: Form 990, Part X, Balance Sheet.
Officers & Key Staff (Part VII)
How to read this section
This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.
Total Volunteer Board Hours/Week (Selected Year): 40
Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.
Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.
Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| DAVID CHRISTENSEN | COMMODORE | 10 | Volunteer |
| DAVID WARREN | VICE COMMODO | 10 | Volunteer |
| DAVID HAMILTON | TREASURER | 10 | Volunteer |
| CHRIS TIERNEY | SECRETARY | 10 | Volunteer |
Programs (Part III — most recent year)
Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.
IN AN EFFORT TO PROMOTE THE SCIENCE OF SEAMANSHIP WE PROVIDE SAILING EDUCATION AND SAILING CLASSES TO OUR MEMBERSHIP AND TO THE PUBLIC THROUGHOUT THE YEAR. WE HELD 238 CLASSES AND SERVED 206 STUDENTS. WE MAKE AVAILABLE AN INSTRUCTOR, A FLEET OF SAILBOATS AND SIGNIFICANT SUPPORT EQUIPMENT TO OUR CLASSES.
OTHER
Governance & Transparency Signals
The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.
Conflict of Interest Policy
Form 990, Part VI — Line 12a
This organization has a written conflict of interest policy requiring officers, directors, and key employees to disclose any personal financial interest in a pending decision and to step back from that vote. A documented policy creates a formal process for surfacing and managing potential conflicts. In this corpus, 41% of organizations report having one.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
No whistleblower protection policy reported. The IRS added this question in 2008 following Sarbanes-Oxley. Absence does not imply wrongdoing; many smaller organizations have not formalized this in writing.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
No individual compensation reported for this organization in the most recent filing.
Most volunteer-run sailing clubs report $0 officer compensation. Part VII still exists in the filing — it lists officers and directors with $0 reportable compensation, meaning this club is led by unpaid volunteers. When compensation appears in other filings, it marks a transition: the organization has grown to the point where professional management was engaged.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
Schedule J not required for this organization.
Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that file Schedule J, that same percentage used an independent compensation consultant to benchmark executive pay against market rates.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Schedule J not required for this organization.
Related-Party Transactions (Schedule L)
Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)
Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.
No related-party transactions found in our data for this organization. Schedule L is only required when transactions occur — absence means none were reported, not necessarily that none occurred.
Voting Board Members
13
Independent Members
13
Total Employees
16
Schedule O — Supplemental Information (most recent year)
Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.
FORM 990 - ORGANIZATION'S MISSION
THE BYLAWS STATE THAT THE OBJECTIVES OF THE CLUB SHALL BE TO ENCOURAGE THE SPORT OF YACHTING, TO PROMOTE THE SCIENCE OF SEAMANSHIP, AND TO PROVIDE AND MAINTAIN FACILITIES FOR THE PURSUIT OF THE ABOVE OBJECTIVES FOR THE USE OF MEMBERS ON A NON-PROFIT BASIS.
FORM 990, PAGE 2, PART III, LINE 4D
OTHER
FORM 990, PAGE 6, PART VI, LINE 11B
FORM 990 AND FORM 990-T ARE PREPARED BY AN UNRELATED CPA FROM RECORDS COMPLETED BY THE BOARD OF DIRECTORS TREASURER, THE OFFICE MANAGER AND AN OUTSIDE CONSULTANT. THE PREPARED RETURNS ARE THEN PRESENTED FOR REVIEW TO THE GOVERNING BODY. ONCE APPROVED THEY ARE FILED WITH THE IRS.
FORM 990, PAGE 6, PART VI, LINE 19
DOCUMENTS ARE PROVIDED UPON REQUEST
FORM 990, PART VII
SECTION A, LINE 1A: NO MEMBER OF THE GOVERNING BODY RECEIVES ANY COMPENSATION. NO EMPLOYEES RECEIVED MORE THAN 100,000 IN COMPENSATION.
Mission
SAILING AND INSTRUCTION IN SAILING
As stated in the organization's 990 filing.
IRS Source Filings
Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.
Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.
Similar Organizations
Finding peer organizations…
Capacity Signals
Auto-detected patterns from this organization's own IRS filing history. Signals are relative to this org's trend only — not peer comparisons, not judgments.
Private clubs are naturally labor-heavy. Always interpret signals against this organization's own context before drawing conclusions.
Revenue per employee rose sharply
Revenue per employee grew 66% over two years (TY2023–TY2025), well above typical inflation. This can reflect genuine revenue growth, reduced staffing relative to revenue, or a one-time revenue event.
Why it matters: High revenue per employee can reflect operational efficiency — or understaffing. The program model and revenue mix should be checked before drawing conclusions.
Operator question: Did the revenue base change (new programs, dues increase, capital campaign receipt), or did staffing fall behind revenue growth?
Phase 2 signals (contractor substitution, benefits share changes) require Part IX line-level data and are not yet available. All computations use IRS-filed data only; no external benchmarks or CPI adjustments beyond a 3% per year inflation proxy.
📡 Filing Signals (13 total)
Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.
Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.
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