INDIANAPOLIS ROWING CENTER INC (EIN 351760690) - 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

1988

Legal Domicile

Principal Officer

MICHAEL SAPPER CPA

Phone

3179911829

Tax Period

2023-01-01 to 2023-12-31

INDIANAPOLIS ROWING CENTER INC, founded in 1988, is a small nonprofit that reported $831K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $783K left a modest 6% surplus.

Mission

THE INDIANAPOLIS ROWING CENTER, INC. ("IRC") IS A NON-PROFIT ORGANIZATION DEDICATED TO DEVELOPING YOUTH AND ADULTS OF ALL SOCIAL AND ECONOMIC BACKGROUNDS THROUGH THE SPORT OF ROWING BY PROVIDING EXPERIENCED AND KNOWLEDGEABLE INSTRUCTION, A VARIETY OF SKILL-ENHANCING PROGRAMS, AND WORLD-CLASS FACILITIES.

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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 $319,088

Program Service Revenue $498,770

Investment Income $3,828

Other Revenue $9,600

TOTAL REVENUE $831,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,788

Fundraising Expenses $21,664

Program Expenses $669,988

Other Expenses $588,096

TOTAL EXPENSES $782,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$831,286	$625,638	+0.3%
Expenses	$782,884	$596,264	+0.3%
Net Income	$48,402	$29,374	+0.6%

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

105

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

$97,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM KNAUSS	PROGRAM DIRE	40.00	Officer	$50,575	$0	$50,575
ANGELIA THORPE	EXECUTIVE DI	40.00	Officer	$47,050	$0	$47,050
DENISE BAIN	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN BARR	DIRECTOR	1.00	Director	$0	$0	$0
TRACY BARTA	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BECHTEL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MANN	DIRECTOR	1.00	Director	$0	$0	$0
MARK WHITE	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA COLLINS	VICE PRESIDE	3.00	Officer	$0	$0	$0
MICHAEL SAPPER CPA	TREASURER	3.00	Officer	$0	$0	$0
JANET FRANCIS	PRESIDENT	3.00	Officer	$0	$0	$0
SUE IFFERT	SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$831,286	$782,884	$611,436	$48,402
2022	$625,638	$596,264	$502,454	$29,374
2021	$478,592	$404,249	$545,124	$74,343
2020	$246,276	$174,719	$409,823	$71,557

INDIANAPOLIS ROWING CENTER INC