THE ROWFANT CLUB

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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

1892

Legal Domicile

Principal Officer

M NEAL RAINS

Phone

2164314518

Tax Period

2023-01-01 to 2023-12-31

THE ROWFANT CLUB, founded in 1892, is a small nonprofit in the Education sector that reported $179K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 91% operating deficit.

Mission

A BIBLIOPHILIC SOCIETY OF CLEVELAND DEDICATED TO THE LOVE OF BOOKS IN ALL THEIR CAPACITIES TO PLEASE THE MIND OF MAN.

Program Service Accomplishments

Program 1

Expenses: $213,984 Revenue: $148,975

THE ROWFANT CLUB CONSISTS OF 174 MEMBERS LOCATED AROUND THE COUNTRY. MEMBERS CONTINUE TO RETURN TO IN-PERSON EVENTS, ZOOM BROADCASTS REMAIN POPULAR. THE ABILITY TO OFFER VIRTUAL PROGRAMMING ENABLED MEMBERS OUTSIDE OF CLEVELAND TO PARTICIPATE ON A REGULAR BASIS, AND LEARN FROM OUTSIDE SPEAKERS AND OTHER MEMBERS. WE CONTINUE TO ENCOURAGE MEMBERS TO RETURN TO EVENTS AT THE CLUB, AND IN PERSON ATTENDANCE CONTINUES TO INCREASE.

Program 2

Expenses: $80,159 Revenue: $4,720

BOARD MEMBERS CONTINUED TO ALLOCATE FUNDS TO PURCHASE NEW BOOKS FOR THE LIBRARY AND ALSO CONTINUE WITH A HIRED CATALOGER TO DOCUMENT THE UNIQUE LISTING OF BOOKS FOUND IN THE CLUB'S LIBRARY. THE...

BOARD MEMBERS CONTINUED TO ALLOCATE FUNDS TO PURCHASE NEW BOOKS FOR THE LIBRARY AND ALSO CONTINUE WITH A HIRED CATALOGER TO DOCUMENT THE UNIQUE LISTING OF BOOKS FOUND IN THE CLUB'S LIBRARY. THE LIBRARY IS A DEMONSTRATION OF THE CLUB'S LONGSTANDING COMMITMENT TO ACQUIRING AND PRESERVING HISTORICAL BOOKS FOR ITS MEMBERSHIP. THE CLUB'S BOOK COLLECTION WENT LIVE DURING 2023 ON WORLD CAT- THE WORLD'S LARGEST LIBRARY CATALOG, HELPING SCHOLARS AND USERS WORLDWIDE TO FIND OUR HOLDINGS ONLINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $28,140

Program Service Revenue $153,683

Investment Income $-7,822

Other Revenue $4,824

TOTAL REVENUE $178,825

Expense Breakdown

Grants Paid $500

Salaries & Benefits $55,585

Fundraising Expenses $0

Program Expenses $294,143

Other Expenses $286,054

TOTAL EXPENSES $342,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,825	$288,485	-0.4%
Expenses	$342,139	$322,532	+0.1%
Net Income	$-163,314	$-34,047	+3.8%

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

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
M NEAL RAINS	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEPHEN J ROBERTS	TREASURER	20.00	Officer Director	$0	$0	$0
ROBERT WARE	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
J PETER WENTZ	SECRETARY	4.00	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	No data	No data	No data	No data
2023	$178,825	$342,139	$9,144,013	$-163,314
2022	$288,485	$322,532	$8,637,645	$-34,047
2021	$895,141	$393,249	$9,457,844	$501,892