FALCON ROWING INC

EIN: 274196445 501(c)(3) Recreation & Sports

Edison, NJ

Total Revenue
$92,843
Total Expenses
$61,038
Total Assets
$236,181
Net Assets
$236,181
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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
2010
Legal Domicile
NJ
Principal Officer
Tom Langowski
Phone
7327542347
Tax Period
2024-01-01 to 2024-12-31

FALCON ROWING INC, founded in 2010, is a micro nonprofit in the Recreation & Sports sector that reported $93K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $32K, a strong 34% operating margin.

Mission

Support, train, and develop rowers

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,169
Program Service Revenue $53,659
Investment Income $3,183
Other Revenue $-6,168
TOTAL REVENUE $92,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,033
Fundraising Expenses $0
Program Expenses $61,038
Other Expenses $50,005
TOTAL EXPENSES $61,038

Year-over-Year Comparison

2024 2023 Change
Revenue $92,843 $80,141 +0.2%
Expenses $61,038 $61,746 0.0%
Net Income $31,805 $18,395 +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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
30

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
1
$7,962
Total Directors
1
$7,962
Key Employees
1
$7,962
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Langowski President 12
Officer Director Key Emp
$7,200 $762 $7,962
Eric Backlund Vice President 3
$0 $0 $0
Nick LaCava Vice President 3
$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 $92,843 $61,038 $236,181 $31,805
2023 No data No data No data No data
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