OLD AND ANCIENT ROWERS SOCIETY OF … - Form 990 Financial Data

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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

Principal Officer

JAMES MACKENZIE

Phone

9084182381

Tax Period

2023-01-01 to 2023-12-31

OLD AND ANCIENT ROWERS SOCIETY OF RHODE ISLAND OARS OF RI is a small nonprofit in the Education sector that reported $759K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $715K, a strong 94% operating margin.

Mission

PROMOTE AND SUPPORT UNIVERSITY OF RHODE ISLAND CREW CLUB & PUBLIC AND TO OFFER THE LOCAL COMMUNITY ROWING CLASSES

Program Service Accomplishments

Program 1

Expenses: $42,397 Revenue: $18,830

PROMOTE AND SUPPORT UNIVERSITY OF RHODE ISLAND CREW CLUB & PUBLIC AND TO OFFER THE LOCAL COMMUNITY ROWING CLASSES

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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 $744,366

Program Service Revenue $18,830

Investment Income $2,050

Other Revenue $-5,798

TOTAL REVENUE $759,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,097

Program Expenses $42,397

Other Expenses $44,494

TOTAL EXPENSES $44,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,448	$369,339	+1.1%
Expenses	$44,494	$64,331	-0.3%
Net Income	$714,954	$305,008	+1.3%

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
JAMES MACKENZIE	TREASURER	0.25	Officer Director	$0	$0	$0
JEFFREY SWEENOR	PRESIDENT	0.25	Officer Director	$0	$0	$0
CHRISTOPHER YUN	SECRETARY	0.25	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$759,448	$44,494	$1,576,341	$714,954
2022	$369,339	$64,331	$861,387	$305,008
2021	$54,878	$44,527	$556,379	$10,351
2020	$50,274	$36,694	$546,028	$13,580
2019	$82,033	$39,904	$531,538	$42,129

OLD AND ANCIENT ROWERS SOCIETY OF RHODE ISLAND OARS OF RI