FAIRMOUNT ROWING ASSOCIATION

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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

2005

Legal Domicile

Principal Officer

JAKE REARDON

Phone

2672281341

Tax Period

2025-01-01 to 2025-12-31

FAIRMOUNT ROWING ASSOCIATION, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $329K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 36% operating margin.

Mission

PROMOTE THE SPORT OF ROWING, AND FELLOWSHIP AMONG THE MEMBERS.

Program Service Accomplishments

Program 1

MAINTENANCE OF THE BOATHOUSE AND ALL EQUIPMENT WITHIN THE BOATHOUSE. LOCATED ON KELLY DRIVE ALONG BOATHOUSE ROW IN PHILADELPHIA, PA.

Program 2

PROMOTE THE SPORT OF ROWING AT THE RECREATIONAL AND COMPETITIVE LEVEL. VOLUNTEER AT LOCAL ROWING COMPETITIONS AS ORGANIZERS AND REFEREES.

Program 3

INTRODUCE THE SPORT OF ROWING TO HIGH SCHOOL AGED ATHLETES THROUGH A SUMMER JUNIORS PROGRAM.

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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 $159,007

Program Service Revenue $103,473

Investment Income $66,945

Other Revenue $0

TOTAL REVENUE $329,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $211,332

TOTAL EXPENSES $211,332

Year-over-Year Comparison

	2025	2024	Change
Revenue	$329,425	$258,011	+0.3%
Expenses	$211,332	$137,376	+0.5%
Net Income	$118,093	$120,635	0.0%

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
JAKE REARDON	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN SCOTT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JOSEPH KIEFFER	TREASURER	5.00	Officer Director	$0	$0	$0
PETE MCNAMARA	FINANCIAL SE	5.00	Officer Director	$0	$0	$0
DAVID HIMES JR	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN KRAJEWSKI	BOARD MEMBER	3.00	Director	$0	$0	$0
MONICA BERSANI	BOARD MEMBER	3.00	Director	$0	$0	$0
MOLLY KONOPKA	BOARD MEMBER	3.00	Director	$0	$0	$0
KEVIN MONTENEGRO	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN WILLEMIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JIM SONZOGNI	BOARD MEMBER	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
2025	$329,425	$211,332	$908,396	$118,093
2024	$258,011	$137,376	$766,782	$120,635
2023	$215,836	$222,247	$621,873	$-6,411
2022	$184,355	$121,983	$603,478	$62,372
2021	$195,028	$108,231	$593,942	$86,797
2020	$135,726	$202,919	$492,590	$-67,193