Three Rivers Rowing Association (EIN 251544798) - 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

1986

Legal Domicile

Principal Officer

Steven Pisanelli

Phone

4122318772

Tax Period

2024-01-01 to 2024-12-31

Three Rivers Rowing Association, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The mission of Three Rivers Rowing Association is to develop and deliver safe, sustainable and inclusive programs and events that promote the benefits of rowing and paddling to a diverse, growing membership.

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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 $330,280

Program Service Revenue $879,764

Investment Income $7,890

Other Revenue $7,152

TOTAL REVENUE $1,225,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,655

Fundraising Expenses $17,935

Program Expenses $1,175,710

Other Expenses $858,951

TOTAL EXPENSES $1,285,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,225,086	$1,111,933	+0.1%
Expenses	$1,285,606	$1,321,042	0.0%
Net Income	$-60,520	$-209,109	-0.7%

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

500

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

$72,707

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Logue	Executive Director	40.00	Key Emp	$69,498	$3,209	$72,707
Max Garber	Board Member	1.00	Director	$0	$0	$0
Herb Kolbe	Board Member	1.00	Director	$0	$0	$0
Bob Oltmanns	Board Member	1.00	Director	$0	$0	$0
Marilyn Walsh	Secretary	1.00	Officer Director	$0	$0	$0
Judy Moser	Chair	1.00	Officer Director	$0	$0	$0
Tory Mather	Board Member	1.00	Director	$0	$0	$0
Patti Michaud	Board Member	1.00	Director	$0	$0	$0
Noreen Liebrock	Board Member	1.00	Director	$0	$0	$0
Steven Pisanelli	Treasurer	1.00	Officer Director	$0	$0	$0
Tom Hudak	Board Member	1.00	Director	$0	$0	$0
Carol Schoenecker	Vice Chair	1.00	Officer 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	$1,225,086	$1,285,606	$2,912,264	$-60,520
2023	$1,111,933	$1,321,042	$3,017,335	$-209,109
2022	$904,597	$1,274,056	$3,209,208	$-369,459
2021	$882,837	$1,124,230	$3,222,705	$-241,393
2020	$864,901	$952,003	$3,444,935	$-87,102
2019	$1,232,729	$1,535,248	$3,407,614	$-302,519
2018	$1,399,376	$1,294,344	$3,728,853	$105,032

Three Rivers Rowing Association