North Palm Beach Rowing Club Inc (EIN 208313608) - 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

Principal Officer

John Merriam

Phone

5616910912

Tax Period

2023-01-01 to 2023-12-31

North Palm Beach Rowing Club Inc is a small nonprofit in the Recreation & Sports sector that reported $564K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $298K, a strong 53% operating margin.

Mission

Promote and develop the sport of rowing by providing equipment, coaching, lessons and recreational events throughout North Palm Beach County and surrounding areas

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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 $324,030

Program Service Revenue $196,981

Investment Income $6,697

Other Revenue $36,146

TOTAL REVENUE $563,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,755

Other Expenses $265,921

TOTAL EXPENSES $265,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,854	$323,458	+0.7%
Expenses	$265,921	$223,843	+0.2%
Net Income	$297,933	$99,615	+2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Eisenman	Vice President	1.00	Director	$0	$0	$0
Jessica Merriam	President	10.00	Director	$0	$0	$0
John Merriam	Director	20.00	Director	$0	$0	$0
Alex Chin	Secretary	1.00	Director	$0	$0	$0
Katherine MacGregor	Director	1.00	Director	$0	$0	$0
Jock Jones	Treasurer	5.00	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	No data	No data	No data	No data
2023	$563,854	$265,921	$729,781	$297,933
2022	$323,458	$223,843	$437,198	$99,615
2021	$147,665	$226,042	$295,579	$-78,377
2020	$215,414	$132,536	$381,234	$82,878

North Palm Beach Rowing Club Inc