FRIENDS OF THE WASHINGTON CANOE CLUB (EIN 020606647) - 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

ANDREW SOLES

Phone

3109475752

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE WASHINGTON CANOE CLUB, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $512K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $240K, a strong 47% operating margin.

Mission

TO RAISE MONEY TO RESTORE AND MAINTAIN, FOR PUBLIC BENEFIT, THE HISTORICALLY IMPORTANT WASHINGTON CANOE CLUB.

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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 $42,437

Program Service Revenue $403,028

Investment Income $61,338

Other Revenue $4,901

TOTAL REVENUE $511,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $76,757

Program Expenses $173,207

Other Expenses $271,723

TOTAL EXPENSES $271,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,704	$592,008	-0.1%
Expenses	$271,723	$163,649	+0.7%
Net Income	$239,981	$428,359	-0.4%

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

N/A

Volunteers

N/A

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
TIM COONEY	MEMBER AT LA	1.00	Director	$0	$0	$0
LOUISE FLYNN	MEMBER AT LA	1.00	Director	$0	$0	$0
GRACE HONG	MEMBER AT LA	1.00	Director	$0	$0	$0
CARRIE KLEIN	MEMBER AT LA	1.00	Director	$0	$0	$0
MICHAEL LEITH	MEMBER AT LA	1.00	Director	$0	$0	$0
TIM JOHNSON	COMMODORE	2.50	Officer	$0	$0	$0
JIM ROSS	VICE PRESIDE	3.00	Officer	$0	$0	$0
JOEL RYNES	TREASURER	3.00	Officer	$0	$0	$0
ANDREW SOLES	PRESIDENT	2.00	Officer	$0	$0	$0
GLORIA VESTAL	SECRETARY	2.00	Officer	$0	$0	$0
STEPHEN WISE	VICE COMMODO	2.00	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	No data	No data	No data	No data
2023	$511,704	$271,723	$2,312,617	$239,981
2022	$592,008	$163,649	$1,965,600	$428,359
2021	$411,736	$178,274	$1,678,626	$233,462
2020	$400,273	$105,337	$1,323,500	$294,936
2019	$362,493	$154,226	$1,003,965	$208,267
2018	$291,529	$200,537	$761,360	$90,992

FRIENDS OF THE WASHINGTON CANOE CLUB