FRIENDS OF THE SCHUYLKILL NAVY

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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

1996

Legal Domicile

Principal Officer

MARGARET MEIGS

Phone

6106206570

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE SCHUYLKILL NAVY, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $692K in total revenue in fiscal year 2025. The organization ran a surplus of $156K, a strong 23% operating margin.

Mission

PROMOTING AMATEURISM ON THE SCHUYLKILL RIVER AND 1) IMPROVE RIVER RESTORATION; 2) ENGAGE THE PUBLIC; 3) DEVELOP THE NEXT GENERATION OF STEWARDS; 4) RESTORE BOATHOUSE ROW RELEVANCE; 5) PROMOTE SAFETY; 6) MANAGE REGATTAS; 7) DEVELOP COMMUNITY; 8) SHARE BEST PRACTICES

Program Service Accomplishments

Program 1

Expenses: $487,670 Revenue: $649,584

CONDUCTED SEVERAL ROWING REGATTAS ON THE SCHUYLKILL RIVER, INCLUDING THE STOTESBURY CUP REGATTA, WHICH IS THE LARGEST HIGH SCHOOL REGATTA IN THE UNITED STATES WITH NEARLY 6,000 PARTICIPANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,241

Program Service Revenue $649,584

Investment Income $7,279

Other Revenue $14,427

TOTAL REVENUE $691,531

Expense Breakdown

Grants Paid $4,577

Salaries & Benefits $1,315

Fundraising Expenses $0

Program Expenses $487,670

Other Expenses $529,482

TOTAL EXPENSES $535,374

Year-over-Year Comparison

	2025	2024	Change
Revenue	$691,531	$663,067	+0.0%
Expenses	$535,374	$623,039	-0.1%
Net Income	$156,157	$40,028	+2.9%

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
MARGARET MEIGS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN-DAVID FRANKLIN	TREASURER	12.00	Officer Director	$0	$0	$0
JEFFREY GREENFIELD	DIRECTOR	12.00	Director	$0	$0	$0
PAUL HORVAT	DIRECTOR	15.00	Director	$0	$0	$0
BERNADETTE MUELLER SCHUYLKILL	NAVY), DIRECTOR	14.00	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	$691,531	$535,374	$523,870	$156,157
2024	$663,067	$623,039	$367,713	$40,028
2023	$566,478	$645,087	$331,666	$-78,609
2022	$576,958	$572,353	$410,275	$4,605
2021	$308,289	$332,870	$408,485	$-24,581
2020	$234,884	$142,869	$426,270	$92,015
2019	$571,236	$773,703	$376,300	$-202,467
2018	$626,097	$524,814	$443,803	$101,283