QUINSIGAMOND ROWING ASSOCIATION INC (EIN 043065952) - 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

1989

Legal Domicile

Principal Officer

PATRICK DIGGINS

Phone

5084532554

Tax Period

2023-10-01 to 2024-09-30

QUINSIGAMOND ROWING ASSOCIATION INC, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $231K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 33% operating deficit.

Mission

SUPPORT, DEVELOP AND PROVIDE EQUIPMENT FOR AMATEUR 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 $0

Program Service Revenue $230,612

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,024

Fundraising Expenses $0

Program Expenses $289,701

Other Expenses $303,567

TOTAL EXPENSES $306,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,612	$373,341	-0.4%
Expenses	$306,591	$295,986	+0.0%
Net Income	$-75,979	$77,355	-2.0%

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

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

$1,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DIGGINS	PRESIDENT	10.00	Director	$0	$0	$0
JASON STEELE	TREASURER	20.00	Director	$1,100	$0	$1,100
H ROBERT NYCE JR	CLERK	10.00	Director	$0	$0	$0
PHILIP TONGUE	DIRECTOR	10.00	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	$230,612	$306,591	$32,656	$-75,979
2023	$373,341	$295,986	$108,635	$77,355
2022	$206,577	$185,462	$30,679	$21,115
2021	$12,767	$22,045	$9,564	$-9,278
2020	$46,985	$62,987	$18,842	$-16,002
2019	$237,606	$243,544	$34,844	$-5,938
2018	$268,053	$277,133	$40,782	$-9,080

QUINSIGAMOND ROWING ASSOCIATION INC