VERO BEACH ROWING INC (EIN 262765309) - 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

2008

Legal Domicile

Principal Officer

JAMES MICHAEL

Phone

4129995432

Tax Period

2024-01-01 to 2024-12-31

VERO BEACH ROWING INC, founded in 2008, is a small nonprofit in the Education sector that reported $689K in total revenue in fiscal year 2024. Net assets of $3.4M represent 60 months of operating reserves.

Mission

ROWING PROGRAM FOR FAMILIES AND SCHOOLS

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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 $427,799

Program Service Revenue $224,155

Investment Income $36,854

Other Revenue $0

TOTAL REVENUE $688,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,295

Fundraising Expenses $1,112

Program Expenses $698,145

Other Expenses $478,091

TOTAL EXPENSES $720,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$688,808	$643,005	+0.1%
Expenses	$720,386	$607,974	+0.2%
Net Income	$-31,578	$35,031	-1.9%

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

165

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
JAMES MICHAEL	PRESIDENT	15.00	Officer Director	$0	$0	$0
BILL KLOPPENBURG	VICE PRESIDE	15.00	Officer	$0	$0	$0
CHRIS RYAN	TREASURER	15.00	Officer	$0	$0	$0
JAIME WALLACE	SECRETARY	15.00	Officer	$0	$0	$0
CHARLOTTE LAJOEI	IMMEDIATE PA	5.00	Director	$0	$0	$0
JANE CARTER	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE PARADISO	COMMUNICATIO	5.00	Director	$0	$0	$0
SHYLA POWERS	BOARD MEMBER	5.00	Director	$0	$0	$0
ERIC SWENSON	BOARD MEMBER	5.00	Director	$0	$0	$0
TODD YOUNG	BOARD MEMBER	5.00	Director	$0	$0	$0
KAREN WOOLEM	BOARD MEMBER	5.00	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	$688,808	$720,386	$3,417,125	$-31,578
2023	$643,005	$607,974	$3,150,913	$35,031
2022	$501,449	$569,544	$3,116,069	$-68,095
2021	$592,566	$447,052	$3,025,965	$145,514
2020	$897,241	$353,704	$2,954,862	$543,537
2019	$2,272,073	$287,522	$2,313,740	$1,984,551
2018	$343,075	$270,216	$329,592	$72,859

VERO BEACH ROWING INC