PRINCETON NATIONAL ROWING ASSOCIATION (EIN 223745915) - 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

2000

Legal Domicile

Principal Officer

RONALD CHEN

Phone

6097997100

Tax Period

2024-07-01 to 2025-06-30

PRINCETON NATIONAL ROWING ASSOCIATION, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 67% operating margin.

Mission

to provide a venue where athletes of all ages, talents and backgrounds have the opportunity to develop their rowing abilities to their highest potential.Core Implementation Principles1) Maintaining and constantly seeking to improve one of the nation's premier rowing venues.2) Providing a world class training facility for all PNRA constituents including Olympic and elite team members,local students and Masters rowers.3) Promoting opportunities for area youth to excel in the sport of rowing.4) Conducting top level regattas and events5) Supporting community development across greater Mercer County through targeted rowing programs.

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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 $3,187,634

Program Service Revenue $1,823,413

Investment Income $34,963

Other Revenue $8,750

TOTAL REVENUE $5,054,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $661,180

Fundraising Expenses $14,252

Program Expenses $1,533,270

Other Expenses $998,735

TOTAL EXPENSES $1,659,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,054,760	$1,891,805	+1.7%
Expenses	$1,659,915	$1,628,173	+0.0%
Net Income	$3,394,845	$263,632	+11.9%

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

Volunteers

600

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

$131,171

Total Directors

$131,171

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTOPHER GRUDT	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer Director	$121,500	$9,671	$131,171
RONALD CHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES MILLAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN WEINSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL PORTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ZIMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE GRIESINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH DANDREA	BOARD MEMBER	1.00	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
2025	$5,054,760	$1,659,915	$7,743,667	$3,394,845
2024	$1,891,805	$1,628,173	$4,564,626	$263,632
2023	$1,777,211	$1,611,856	$4,200,421	$165,355
2022	$1,611,599	$1,514,726	$4,035,378	$96,873
2021	$1,150,905	$1,052,596	$4,052,881	$98,309
2020	$861,468	$1,138,179	$3,912,276	$-276,711
2019	$1,119,346	$1,240,714	$4,096,307	$-121,368
2018	$1,400,572	$1,353,496	$4,245,531	$47,076

PRINCETON NATIONAL ROWING ASSOCIATION