FRIENDS OF THE WEST SIDE ROWING CLUB INC OF BUFFALO (EIN 222511807) - 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

1989

Legal Domicile

Principal Officer

Ed Corr

Phone

7166288734

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE WEST SIDE ROWING CLUB INC OF BUFFALO, founded in 1989, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Expenses of $71K exceeded revenue, resulting in a 36% operating deficit.

Mission

EDUCATION/TRAINING

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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 $1,675

Program Service Revenue $0

Investment Income $50,685

Other Revenue $0

TOTAL REVENUE $52,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,792

Other Expenses $71,142

TOTAL EXPENSES $71,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,360	$52,485	0.0%
Expenses	$71,142	$1,110	+63.1%
Net Income	$-18,782	$51,375	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CARTUS	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD CORR	DIRECTOR	5.00	Director	$0	$0	$0
JOHN DORN	DIRECTOR	5.00	Director	$0	$0	$0
GABRIEL FERBER	DIRECTOR	5.00	Director	$0	$0	$0
PAUL JOYCE	DIRECTOR	5.00	Director	$0	$0	$0
PAUL KOLKMEYER	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM MAGGIO	DIRECTOR	5.00	Director	$0	$0	$0
JAY MEYERS	DIRECTOR	5.00	Director	$0	$0	$0
AILEEN MCNAMARA	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM MOORE	DIRECTOR	5.00	Director	$0	$0	$0
JAMES SCHAAB	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD SCHAUS	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT SPAMPATA	DIRECTOR	5.00	Director	$0	$0	$0
THEODORE MARKS	DIRECTOR	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	$52,360	$71,142	$1,089,894	$-18,782
2023	$52,485	$1,110	$1,032,591	$51,375
2022	$49,076	$16,412	$800,067	$32,664
2021	$50,718	$139,807	$949,245	$-89,089
2020	$70,463	$344,294	$896,433	$-273,831
2019	$73,942	$36,170	$1,068,583	$37,772

FRIENDS OF THE WEST SIDE ROWING CLUB INC OF BUFFALO