PASSAIC RIVER ROWING ASSOCIATION (EIN 223652104) - 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

1999

Legal Domicile

Principal Officer

BENJAMIN DELISLE

Phone

2013775965

Tax Period

2019-01-01 to 2019-12-31

PASSAIC RIVER ROWING ASSOCIATION, founded in 1999, is a micro nonprofit in the Recreation & Sports sector that reported $97K in total revenue in fiscal year 2019. Revenue decreased 9% compared to the prior year. Expenses of $91K left a modest 6% surplus.

Mission

CALL TOGETHER AND SUPPORT A COMMUNITY OF ROWERS OF EVERY AGE AND ABILITY WITH PRIMARY EMPHASIS ON YOUTH ROWING WITHIN THE LOCAL COMMUNITY; PROMOTE THE HIGHEST VALUES OF ROWING IN INTERNATIONAL, NATIONAL AND LOCAL ARENAS; PROMOTE THE STEWARDSHIP OF THE PASSAIC RIVER ENVIRONMENT; AND STRIVE FOR EXCELLENCE IN ALL THAT WE DO.

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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 (2019)

Revenue Breakdown

Contributions & Grants $60,666

Program Service Revenue $33,102

Investment Income $11

Other Revenue $2,950

TOTAL REVENUE $96,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $699

Program Expenses $70,994

Other Expenses $91,070

TOTAL EXPENSES $91,070

Year-over-Year Comparison

	2019	2018	Change
Revenue	$96,729	$106,302	-0.1%
Expenses	$91,070	$57,044	+0.6%
Net Income	$5,659	$49,258	-0.9%

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

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
FABIAN CORTES	BOARD MEMBER	10.00	Director	$0	$0	$0
JEFFREY GINGOLD	BOARD MEMBER	10.00	Director	$0	$0	$0
DANIEL GURKAS	BOARD MEMBER	10.00	Director	$0	$0	$0
JOSE ANTUNES	TREASURER	20.00	Officer	$0	$0	$0
THOMAS APICELLA	VICE PRESIDE	15.00	Officer	$0	$0	$0
BENJAMIN DELISLE	PRESIDENT	30.00	Officer	$0	$0	$0
JANICE HOLZMAN	SECRETARY	15.00	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	No data	No data	No data	No data
2019	$96,729	$91,070	$379,766	$5,659
2018	$106,302	$57,044	$573,605	$49,258
2017	$138,281	$62,822	$517,952	$75,459

PASSAIC RIVER ROWING ASSOCIATION