FRIENDS OF DETROIT ROWING INC (EIN 237237921) - 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

1972

Legal Domicile

Principal Officer

MICHAEL MURRAY

Phone

5865306095

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF DETROIT ROWING INC, founded in 1972, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Net assets of $858K represent 27 months of operating reserves.

Mission

EDUCATE AND PROMULGATE THE BENEFITS AND ATTRIBUTES OF THE SPORT OF ROWING.

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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 $134,174

Program Service Revenue $225,691

Investment Income $14,837

Other Revenue $11,502

TOTAL REVENUE $386,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,401

Fundraising Expenses $39,852

Program Expenses $341,257

Other Expenses $308,528

TOTAL EXPENSES $396,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,204	$382,372	+0.0%
Expenses	$396,429	$352,314	+0.1%
Net Income	$-10,225	$30,058	-1.3%

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

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

$27,371

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY GOITZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
PAUL D'AMBROSIO	TREASURER	3.00	Officer Director	$0	$0	$0
NABIL SHURAFA	SECRETARY	3.00	Officer Director	$0	$0	$0
BEN SCRACE	DIRECTOR	3.00	Director	$0	$0	$0
MELANIE PARKS-LINFORD	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD BELL	DIRECTOR	3.00	Director	$0	$0	$0
DENNIS WOJDYLA	DIRECTOR	3.00	Director	$0	$0	$0
STEVE ZIEMBA	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL MURRAY	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL GENTILE	DIRECTOR	3.00	Director	$27,371	$0	$27,371
TODD PLATT	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDREA REYNOLDS	DIRECTOR	3.00	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	$386,204	$396,429	$1,018,277	$-10,225
2023	$382,952	$344,310	$978,114	$38,642
2023	$382,372	$352,314	$977,905	$30,058
2022	$306,966	$315,987	$964,239	$-9,021
2021	$261,418	$292,683	$1,064,185	$-31,265
2020	$127,750	$298,695	$985,815	$-170,945
2020	$140,031	$298,791	$1,058,352	$-158,760
2019	$610,910	$581,214	$988,298	$29,696

FRIENDS OF DETROIT ROWING INC