WHITE ROCK BOATHOUSE INC

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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

2003

Legal Domicile

Principal Officer

SUE ELLEN CHAMBERS

Phone

2145334507

Tax Period

2024-01-01 to 2024-12-31

WHITE ROCK BOATHOUSE INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORP. IS ORGANIZED & TO BE OPERATED ARE EXCLUSIVELY EDUCATIONAL, CHARITABLE, & TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION WITHIN THE MEANING OF SECTIONS 501(C)(3) & 501(J) OF THE CODE. IN ACCOMPLISHMENT OF SUCH PURPOSES, THE CORP. WILL: (I) PROMOTE THE PHYSICAL & MENTAL WELL-BEING OF THE YOUTH OF THE DALLAS-FT. WORTH METROPOLITAN AREA, THROUGH THE PROMOTION & INSTRUCTION OF AMATEUR ROWING BY PROVIDING CLINICS, WORKSHOPS, OR LESSONS, WHICH ARE MOST LIKELY TO ACHIEVE THIS ENDS; (II) PROMOTE, SPONSOR, & ADVANCE AN UNDERSTANDING & APPRECIATION OF THE SPORT OF ROWING IN THE DALLAS-FT. WORTH METROPOLITAN AREA, THROUGH PARTICIPATION IN RECREATIONAL & COMPETITIVE ROWING PROGRAMS & EVENTS, & REGULAR INSTRUCTIONAL PROGRAMS IN THE TECHNIQUES & SKILLS OF ROWING AT ALL ABILITY LEVELS, WHICH ARE MOST LIKELY TO ACHIEVE THIS ENDS; (III) RESTORATION, MAINTENANCE, LEASING & OPERATION OF THE HISTORIC WHITE ROCK LAKE BOATHOUSE, OWNED BY THE CITY OF DALLAS.

Program Service Accomplishments

Program 1

Expenses: $1,158,939 Revenue: $834,757

PROMOTE THE PHYSICAL AND MENTAL WELL BEING OF YOUTH THROUGH THE PROMOTION AND INSTRUCTION OF AMATEUR ROWING BY PROVIDING CLINICS, WORKSHOPS, AND LESSONS.

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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 $66,245

Program Service Revenue $849,751

Investment Income $2,380

Other Revenue $304,674

TOTAL REVENUE $1,223,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,028

Fundraising Expenses $193,545

Program Expenses $1,158,939

Other Expenses $960,505

TOTAL EXPENSES $1,356,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,223,050	$1,294,563	-0.1%
Expenses	$1,356,533	$1,405,998	0.0%
Net Income	$-133,483	$-111,435	+0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE ELLEN CHAMBERS	PRESIDENT	35.00	Officer Director	$0	$0	$0
TOM ELLIS	VICE PRESIDENT	25.00	Officer Director	$0	$0	$0
LISA HENRY	SECRETARY AND TREASURER	25.00	Officer Director	$0	$0	$0
JOHNATHAN THALHEIMER	BOARD MEMBER	15.00	Director	$0	$0	$0
KEVIN JONES	BOARD MEMBER	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	$1,223,050	$1,356,533	$2,268,893	$-133,483
2023	$1,294,563	$1,405,998	$2,422,439	$-111,435
2022	$1,224,063	$1,159,881	$2,504,207	$64,182
2021	$1,101,071	$778,574	$2,573,162	$322,497
2020	$634,686	$603,926	$2,212,692	$30,760