Singles on Sailboats Inc
Nonprofit profile at a glance
- EIN
- 521278284
- IRS 990-EZ coverage
- 2020–2025
- Forms available
- Form 990 2019, Form 990-EZ 2025
- Location
- Annapolis, MD, USA
- Phone
- 6025655746
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $169,794
- Expenses
- $170,026
- Assets
- $232,517
- Liabilities
- $129,850
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Dana Tulis (Commodore)
- Richard Cordaro (Vice Commodore)
- Barbara Wise (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Social and recreational organization for single adults who wish to sail. Programs include sailing on the Chesapeake Bay as well as occasional extended trips in other areas. Education and social activities include seminars on sailing skills, winter brunches, and parties that are generally held at weekend sailing destinations. SOS is a volunteer based organization of approximately 400 members.
What it reported doing in 2025
Bareboat Cruises - This major program organizes trips outside the local sailing area for a week or more on chartered sailing vessels. Some trips remain in US waters, others originate in foreign destinations. Heavy volunteer involvement in planning these trips limits costs.
Operating model
- Revenue model
- Earned-program. 82% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 77.1%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -0.1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: -4.5% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 0% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 76.1% of revenue deployed · 77.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $131K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.