SARATOGA ROWING ASSOCIATION INC (EIN 141810944) - 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

1998

Legal Domicile

Principal Officer

KATHERINE SMITH

Phone

5185876697

Tax Period

2023-01-01 to 2023-12-31

SARATOGA ROWING ASSOCIATION INC, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 4% surplus.

Mission

PROVIDES EDUCATION, TRAINING, INSTRUCTION AND PARTICIPATION IN THE ART OF ROWING TO THE YOUTH AND ADULTS OF SARATOGA SPRINGS AND SURROUNDING COMMUNITIES.

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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 $84,857

Program Service Revenue $1,607,216

Investment Income $102

Other Revenue $103,196

TOTAL REVENUE $1,795,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $651,082

Fundraising Expenses $0

Program Expenses $1,553,738

Other Expenses $1,070,229

TOTAL EXPENSES $1,721,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,795,371	$1,564,520	+0.1%
Expenses	$1,721,311	$1,428,818	+0.2%
Net Income	$74,060	$135,702	-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

$83,659

Total Directors

$166,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CATALANO	CO-EXEC. DIR	N/A	Director	$76,500	$6,749	$83,249
DAN HEGENER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID LOY	TREASURER	N/A	Officer Director	$0	$0	$0
KATHERINE SMITH	CO-EXEC DIRE	N/A	Officer Director	$81,222	$2,437	$83,659
KRISTI KEMPF	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
LISA SONDHOF	DIRECTOR	N/A	Director	$0	$0	$0
HEIDI MEIDENBAUER	SECRETARY	N/A	Officer Director	$0	$0	$0
DONNA BEHEN	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN COOK	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$1,795,371	$1,721,311	$3,637,377	$74,060
2022	$1,564,520	$1,428,818	$3,621,777	$135,702
2020	$735,399	$902,526	$3,374,374	$-167,127

SARATOGA ROWING ASSOCIATION INC