WEST SIDE ROWING CLUB INCORPORATED OF THE CITY OF BUFFALO (EIN 237036394) - 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

1912

Legal Domicile

Principal Officer

KIRK LANG

Phone

7168819797

Tax Period

2023-01-01 to 2023-12-31

WEST SIDE ROWING CLUB INCORPORATED OF THE CITY OF BUFFALO, founded in 1912, is a small nonprofit that reported $931K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

ROWING CLUB SERVING THE YOUTH OF THE CITY OF BUFFALO, NY AND SURROUNDING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $366,715

Program Service Revenue $544,071

Investment Income $357

Other Revenue $19,863

TOTAL REVENUE $931,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,871

Fundraising Expenses $20,000

Program Expenses $838,303

Other Expenses $772,069

TOTAL EXPENSES $1,097,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,006	$927,244	+0.0%
Expenses	$1,097,940	$1,197,297	-0.1%
Net Income	$-166,934	$-270,053	-0.4%

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

100

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

$162,867

Total Directors

$162,867

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MAGGIO	CHAIR	5.00	Officer Director	$0	$0	$0
LEONORE OLMSTED	SECRETARY	5.00	Officer Director	$0	$0	$0
AILEEN MCNAMARA	VICE CHAIR - ROWING	5.00	Officer Director	$0	$0	$0
JOSEPH ROZBICKI	VICE CHAIR - BUILDINGS & GROUNDS	5.00	Officer Director	$0	$0	$0
HANNAH BLUM	VICE CHAIR - OPERATIONS	1.00	Officer Director	$0	$0	$0
WILLIAM COVELLI	FINANCIAL SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL KOLKMEYER	TREASURER	1.00	Officer Director	$0	$0	$0
KIRK LANG	PRESIDENT	40.00	Officer Director	$156,867	$6,000	$162,867
TONY BRACH	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD CONBOY	DIRECTOR	1.00	Director	$0	$0	$0
ED CORR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COTTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DORN	DIRECTOR	1.00	Director	$0	$0	$0
KIRK DORN	DIRECTOR	1.00	Director	$0	$0	$0
GABRIEL FERBER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK FONTANA	DIRECTOR	1.00	Director	$0	$0	$0
KEN GIBBONS	DIRECTOR	1.00	Director	$0	$0	$0
TED MARKS	DIRECTOR	1.00	Director	$0	$0	$0
TOM MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NEIL	DIRECTOR	1.00	Director	$0	$0	$0
MAURA O'DONNELL-CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SCHAAB	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SCHAUS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$931,006	$1,097,940	$4,253,964	$-166,934
2022	$927,244	$1,197,297	$4,508,054	$-270,053
2021	$1,097,011	$994,047	$4,706,391	$102,964
2020	$863,184	$707,297	$4,642,946	$155,887
2019	$879,143	$777,709	$1,201,191	$101,434
2018	$713,587	$702,855	$991,068	$10,732

WEST SIDE ROWING CLUB INCORPORATED OF THE CITY OF BUFFALO