ROCKING THE BOAT INC (EIN 134177814) - 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

1996

Legal Domicile

Principal Officer

ADAM GREEN

Phone

7184665799

Tax Period

2024-01-01 to 2024-12-31

ROCKING THE BOAT INC, founded in 1996, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. The organization ran a surplus of $806K, a strong 17% operating margin.

Mission

TRADITIONAL WOODEN BOATBUILDING, ROWING, SAILING, ENVIRONMENTAL RESEARCH AND RESTORATION, MODEL BOATING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,397,016

Program Service Revenue $252,503

Investment Income $249,398

Other Revenue $-137,312

TOTAL REVENUE $4,761,605

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $2,638,126

Fundraising Expenses $351,677

Program Expenses $3,045,243

Other Expenses $1,301,768

TOTAL EXPENSES $3,955,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,761,605	$4,983,860	0.0%
Expenses	$3,955,894	$3,302,138	+0.2%
Net Income	$805,711	$1,681,722	-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

N/A

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

$204,054

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOM THACKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH MACK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEMETRIS GIANNOULIAS	TREASURER	1.00	Officer Director	$0	$0	$0
SINEAD STRAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTONIO RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
CARLA MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
TAJI RILEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GALVIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP GRANT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ACKERINA	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANA COSGRIFF	DIRECTOR	1.00	Director	$0	$0	$0
FABIAN MICHELANGELI	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GREEN	FOUNDER AND EXECUTIVE DIRECTOR	35.00	Officer	$164,071	$39,983	$204,054
JAYE POCKRISS	CHIEF OPERATING OFFICER	35.00	Highest	$145,385	$8,139	$153,524
MATTHEW HATCHER	CHIEF PROGRAM OFFICER	35.00	Highest	$119,570	$9,306	$128,876

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	$4,761,605	$3,955,894	$9,290,548	$805,711
2023	$4,983,860	$3,302,138	$8,360,307	$1,681,722
2022	$3,147,837	$3,121,341	$6,380,080	$26,496
2021	$3,160,920	$2,762,634	$6,907,331	$398,286
2020	$3,691,068	$2,475,607	$6,647,713	$1,215,461
2019	$2,956,427	$2,796,263	$4,978,814	$160,164
2018	$2,999,728	$2,569,763	$4,718,814	$429,965

ROCKING THE BOAT INC