WESTERN RESERVE ROWING ASSOCIATION

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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

2006

Legal Domicile

Principal Officer

SHARON ROMILLY

Phone

4403331446

Tax Period

2023-01-01 to 2023-12-31

WESTERN RESERVE ROWING ASSOCIATION, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $315K in total revenue in fiscal year 2023. Expenses of $291K left a modest 8% surplus.

Mission

TO PROVIDE AND PROMOTE ADULT COMPETITIVE AND RECREATIONAL ROWING IN THE GREATER CLEVELAND AREA. TO OPERATE ROWING PROGRAMS FOR NORTHEAST OHIO ADULTS, PROMOTE WATER SAFETY, EXERCISE AND DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $279,329

OPERATE ROWING PROGRAMS FOR NORTHEAST OHIO ADULTS. PROMOTE WATER SAFETY, FITNESS AND TEAM DEVELPOMENT FOR APPROXIMATELY 600 INDIVIDUALS.

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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 $178,537

Program Service Revenue $136,598

Investment Income $8

Other Revenue $352

TOTAL REVENUE $315,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,497

Fundraising Expenses $0

Program Expenses $279,533

Other Expenses $233,232

TOTAL EXPENSES $290,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,495	$312,138	+0.0%
Expenses	$290,729	$289,541	+0.0%
Net Income	$24,766	$22,597	+0.1%

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

200

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
CHRIS COLE	DIRECTOR OF	1.00	Officer Director	$0	$0	$0
MARIA COYNE	CORP/LEARN R	1.00	Director	$0	$0	$0
TERESA HOOPER	EQUIPMENT DI	1.00	Director	$0	$0	$0
LEAH LIVERMORE	VOLUNTEER DI	1.00	Officer Director	$0	$0	$0
TIM MARCOVY	DIRECTOR OF	1.00	Director	$0	$0	$0
ROBIN MURPHY	OUTREACH DIR	1.00	Director	$0	$0	$0
MARTHA BREWER RINI	GOVERANCE DI	2.00	Officer Director	$0	$0	$0
SHARON ROMILLY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA WAGNER	SCULLING DIR	1.00	Director	$0	$0	$0
KATHY WHITFORD	TREASURER	4.00	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
2024	No data	No data	No data	No data
2023	$315,495	$290,729	$349,837	$24,766
2022	$312,138	$289,541	$327,934	$22,597
2021	$258,434	$165,248	$296,980	$93,186
2020	$58,271	$96,332	$243,571	$-38,061
2019	$352,764	$366,127	$347,873	$-13,363
2018	$365,949	$332,324	$538,238	$33,625