NATIONAL ROWING FOUNDATION INC (EIN 132554312) - 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

1966

Legal Domicile

Principal Officer

TOM MARTIN

Phone

7817330323

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ROWING FOUNDATION INC, founded in 1966, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $293K, a strong 24% operating margin.

Mission

THE NATIONAL ROWING FOUNDATION'S PRIMARY MISSION IS TO SUPPORT ATHLETES IN PURSUIT OF EXCELLENCE IN THE SPORT OF ROWING WITH THE GOAL OF PROMOTING USA ATHLETES' PARTICIPATION IN WORLD AND OLYMPIC INTERNATIONAL COMPETITION.

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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 $845,875

Program Service Revenue $0

Investment Income $436,594

Other Revenue $-41,466

TOTAL REVENUE $1,241,003

Expense Breakdown

Grants Paid $822,546

Salaries & Benefits $16,960

Fundraising Expenses $0

Program Expenses $840,399

Other Expenses $108,895

TOTAL EXPENSES $948,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,241,003	$933,391	+0.3%
Expenses	$948,401	$739,313	+0.3%
Net Income	$292,602	$194,078	+0.5%

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

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MARTIN	Treasurer	5.00	Officer	$15,000	$0	$15,000
MICHAEL MEEHAN	President	1.00	Officer Director	$0	$0	$0
JAMES KOVEN	CO-CHAIR	1.00	Director	$0	$0	$0
MARCIA HOOPER	CO-CHAIR	1.00	Director	$0	$0	$0
ADDITIONAL DIRECTORS ATTACHED	Director	1.00	Director	$0	$0	$0
CARYN DAVIES	Secretary	1.00	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	$1,241,003	$948,401	$7,989,283	$292,602
2022	$933,391	$739,313	$7,236,533	$194,078
2021	$2,225,088	$1,988,263	$8,809,391	$236,825
2020	$2,163,568	$1,941,277	$8,298,060	$222,291
2019	$1,884,685	$1,838,508	$7,212,882	$46,177
2018	$1,603,068	$1,567,651	$6,312,200	$35,417

NATIONAL ROWING FOUNDATION INC