NORWALK RIVER ROWING ASSOCIATION (EIN 223273115) - 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

1986

Legal Domicile

Principal Officer

NORMAN WEINBERGER

Phone

2038660080

Tax Period

2024-01-01 to 2024-12-31

NORWALK RIVER ROWING ASSOCIATION, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $684K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATIONAL AND TECHNICAL SUPPORT IN AMATEUR ROWING PROGRAMS FOR YOUTHS AND ADULTS IN THE LOCAL AND IMMEDIATELY SURROUNDING AREAS OF NORWALK, CONNECTICUT.

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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 $42,826

Program Service Revenue $630,310

Investment Income $0

Other Revenue $10,792

TOTAL REVENUE $683,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,957

Fundraising Expenses $500

Program Expenses $599,676

Other Expenses $427,823

TOTAL EXPENSES $731,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,928	$601,277	+0.1%
Expenses	$731,780	$696,010	+0.1%
Net Income	$-47,852	$-94,733	-0.5%

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

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
AMANDA COPPOLA	DIRECTOR	N/A	Director	$0	$0	$0
CAROL COSTELLO	DIRECTOR	N/A	Director	$0	$0	$0
STACI HEBEL	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE KURKJIAN	DIRECTOR	N/A	Director	$0	$0	$0
ARTIE ROKKAM	DIRECTOR	N/A	Director	$0	$0	$0
FORD SMITH	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER HAIGH	SECRETARY	N/A	Officer	$0	$0	$0
GENE HUANG	CO-CHAIR	N/A	Officer	$0	$0	$0
ROBERT REDPATH	CO-CHAIR	N/A	Officer	$0	$0	$0
NORMAN WEINBERGER	CHAIRMAN	N/A	Officer	$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	$683,928	$731,780	$677,083	$-47,852
2023	$601,277	$696,126	$745,641	$-94,849
2023	$601,277	$696,010	$745,641	$-94,733
2022	$764,708	$813,222	$868,534	$-48,514
2021	$598,798	$632,325	$973,731	$-33,527
2020	$387,163	$496,907	$1,051,459	$-109,744

NORWALK RIVER ROWING ASSOCIATION