MERRIMAC RIVER ROWING ASSN INC (EIN 222547676) - 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

1984

Legal Domicile

Principal Officer

DOROTHY SEMONIAN

Phone

9787467023

Tax Period

2023-01-01 to 2023-12-31

MERRIMAC RIVER ROWING ASSN INC, founded in 1984, is a micro nonprofit in the Recreation & Sports sector that reported $45K in total revenue in fiscal year 2023. Expenses of $52K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ENCOURAGE AMATEUR SPORT OF ROWING, BOTH IN ITS COMPETITIVE & RECREATIONAL FORMS THROUGH ACTIVE ROWING, TRAINING, REGATTAS, SOCIAL & ORGANIZATIONAL PARTICIPATION.

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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 $6,000

Program Service Revenue $38,612

Investment Income $51

Other Revenue $0

TOTAL REVENUE $44,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,536

Other Expenses $51,931

TOTAL EXPENSES $51,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,663	$44,056	+0.0%
Expenses	$51,931	$41,589	+0.2%
Net Income	$-7,268	$2,467	-3.9%

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
ERIN HELNOLD	Director	2.00	Director	$0	$0	$0
DOROTHY SEMONIAN	President	2.00	Director	$0	$0	$0
GARY STYSKAL	Director	2.00	Director	$0	$0	$0
KATHY MCGOWAN	CLERK	2.00	Director	$0	$0	$0
MARK ROMANOWSKY	Vice President	2.00	Director	$0	$0	$0
J ANDREW HUTCHINSON	Director	2.00	Director	$0	$0	$0
MATHEW O'BRIEN	Director	2.00	Director	$0	$0	$0
ELIZABETH ALBERT	Treasurer	2.00	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	$44,663	$51,931	$186,501	$-7,268
2022	$44,056	$41,589	$193,769	$2,467
2021	$23,376	$31,471	$191,302	$-8,095
2020	$19,887	$15,432	$199,397	$4,455
2019	$55,519	$48,859	$194,942	$6,660
2018	$74,143	$65,655	$188,282	$8,488

MERRIMAC RIVER ROWING ASSN INC