STEEL CITY ROWING CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

WILL BROWN

Phone

4128285565

Tax Period

2023-01-01 to 2023-12-31

STEEL CITY ROWING CORPORATION, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $329K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ORGANIZATION CONNECTS PEOPLE TO THE RIVER THROUGH COMMUNITY, EDUCATION, AND THE LIFELONG SPORT OF ROWING. WE ARE DEVOTED TO DEVELOPING THE STRENGTH AND CHARACTER OF INDIVIDUALS OF ALL BACKGROUNDS AND LIFESTYLES THROUGH DISCIPLINE, TEAMWORK, AND OPPORTUNITIES TO SERVE OTHERS.

Program Service Accomplishments

Program 1

Expenses: $298,996 Revenue: $156,429

STEEL CITY ROWING CLUB FOSTERS ROWING SKILLS IN YOUTH AND ADULTS THROUGH TRAINING AND AMATEUR COMPETITIONS, AND TEACHES YOUTH ABOUT TEAMWORK, WATER SAFETY, KAYAK AND CANOE SKILLS, AND LOVE AND...

STEEL CITY ROWING CLUB FOSTERS ROWING SKILLS IN YOUTH AND ADULTS THROUGH TRAINING AND AMATEUR COMPETITIONS, AND TEACHES YOUTH ABOUT TEAMWORK, WATER SAFETY, KAYAK AND CANOE SKILLS, AND LOVE AND STEWARDSHIP OF THE ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,528

Program Service Revenue $156,429

Investment Income $0

Other Revenue $16,466

TOTAL REVENUE $219,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,351

Fundraising Expenses $881

Program Expenses $298,996

Other Expenses $264,211

TOTAL EXPENSES $328,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,423	$155,019	+0.4%
Expenses	$328,562	$315,528	+0.0%
Net Income	$-109,139	$-160,509	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$46,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL BROWN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JANICE BRYANT	SECRETARY	5.00	Officer Director	$0	$0	$0
PATRICK WARDEN	TREASURER	5.00	Officer Director	$0	$0	$0
LATONYA SALLEY-SHARIF	DIRECTOR	5.00	Director	$0	$0	$0
BILL FITCH	DIRECTOR THROUGH DECEMBER	5.00	Director	$0	$0	$0
RICK MALMSTROM	DIRECTOR	5.00	Director	$0	$0	$0
JOE STEHLE	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER LANGZETTEL	HEAD COACH, EXECUTIVE DIRECTOR AS OF AUG	40.00	Officer	$46,923	$0	$46,923

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	$219,423	$328,562	$2,531,237	$-109,139
2022	$155,019	$315,528	$2,641,522	$-160,509
2021	$170,031	$221,720	$2,814,221	$-51,689
2020	$80,892	$177,912	$2,898,858	$-97,020
2019	$223,973	$354,661	$2,998,738	$-130,688
2018	$199,027	$346,645	$3,135,940	$-147,618