WESTERVILLE ROWING CLUB INC

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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

1996

Legal Domicile

Principal Officer

Bruce Binnig

Phone

6145803490

Tax Period

2022-01-01 to 2022-12-31

WESTERVILLE ROWING CLUB INC, founded in 1996, is a small nonprofit in the Unknown sector that reported $342K in total revenue in fiscal year 2022. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $319K left a modest 7% surplus.

Mission

Provide rowing instruction and competition opportunities for middle and high school men, women, and Masters program for adult rowers.

Program Service Accomplishments

Program 1

Expenses: $319,406 Revenue: $238,709

Provide rowing instruction and competition opportunities for middle and high school men, women, and Masters program for adult 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $99,183

Program Service Revenue $240,870

Investment Income $310

Other Revenue $1,316

TOTAL REVENUE $341,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,406

Other Expenses $319,406

TOTAL EXPENSES $319,406

Year-over-Year Comparison

	2022	2021	Change
Revenue	$341,679	$209,171	+0.6%
Expenses	$319,406	$164,886	+0.9%
Net Income	$22,273	$44,285	-0.5%

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

100

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
Patricia Nyquist	Chair	5	Officer Director	$0	$0	$0
Jennifer Fleishman	Treasurer	20	Officer Director	$0	$0	$0
Derek Blazo	Director	3	Director	$0	$0	$0
Bruce Binnig	Director	3	Director	$0	$0	$0
Andrew Lane	Director	3	Director	$0	$0	$0
Oscar Marquez	Director	3	Director	$0	$0	$0
Matthew Chase	Director	3	Director	$0	$0	$0
Jeffrey Klima	Director	3	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$341,679	$319,406	$296,357	$22,273
2021	$209,171	$164,886	$271,669	$44,285
2019	$365,654	$388,279	$251,947	$-22,625
2018	$367,460	$315,780	$277,539	$51,680