SARASOTA CREW INC (EIN 010733041) - 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

2002

Legal Domicile

Principal Officer

CASEY GALVANEK

Phone

9419669791

Tax Period

2023-08-01 to 2024-07-31

SARASOTA CREW INC, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANZIATION'S MISSION IS TO PROVIDE A POSITIVE, DEVELOPMENTAL AND COMETITIVE ROWING EXPERIENCE FOR YOUTH IN SARASOTA, FL AND TO USE THE SPORT OF ROWING TO PROMOTE A STRONG CHARACTER, INTEGRITY, POSITIVE SELF-CONCEPT, AND HEALTHFUL LIFESTYLE AMONG ITS STUDENT ATHLETES.

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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 $180,153

Program Service Revenue $1,627,669

Investment Income $0

Other Revenue $-29,981

TOTAL REVENUE $1,777,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $765,402

Fundraising Expenses $51,000

Program Expenses $1,801,441

Other Expenses $1,223,604

TOTAL EXPENSES $1,989,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,777,841	$1,940,825	-0.1%
Expenses	$1,989,006	$1,989,359	0.0%
Net Income	$-211,165	$-48,534	+3.4%

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

Volunteers

400

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY GALVANEK	CEO	40.00	Highest	$135,000	$0	$135,000
DAN DELEO	DIRECTOR	1.00	Director	$0	$0	$0
JIM DENIRO	TREASURER	1.00	Officer Director	$0	$0	$0
ROY DUPUIS	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
EVE GOLDBERG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SUSAN KONECNY	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSIE PELTON	DIRECTOR	1.00	Director	$0	$0	$0
KIM SEYER	DIRECTOR	1.00	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	$1,777,841	$1,989,006	$4,052,409	$-211,165
2023	$1,940,825	$1,989,359	$4,368,324	$-48,534
2021	$2,511,291	$1,292,051	$3,089,613	$1,219,240
2020	$1,466,628	$1,478,999	$3,121,676	$-12,371
2019	$2,145,590	$1,590,719	$2,747,275	$554,871
2018	$1,583,895	$1,594,743	$2,112,562	$-10,848

SARASOTA CREW INC