LIBERTY ROWING INC (EIN 352180580) - 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

2002

Legal Domicile

Principal Officer

HILLARY ABBEY

Phone

6173209107

Tax Period

2023-01-01 to 2023-12-31

LIBERTY ROWING INC, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $280K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $313K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE AN OPPORTUNITY FOR THE GENERAL PUBLIC TO LEARN ROWING AND OFFER FREE USE ROWING CLASSES FOR HIGH SCHOOL STUDENTS FROM THE MA COMMUNITIES OF SOMERVILLE, MALDEN AND EVERETT.

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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 $89,742

Program Service Revenue $187,509

Investment Income $3,016

Other Revenue $0

TOTAL REVENUE $280,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,336

Fundraising Expenses $3,346

Program Expenses $299,149

Other Expenses $187,834

TOTAL EXPENSES $313,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,267	$229,954	+0.2%
Expenses	$313,170	$261,212	+0.2%
Net Income	$-32,903	$-31,258	+0.1%

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
HILLARY ABBEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFF BARRY	DIRECTOR	5.00	Director	$0	$0	$0
DAN BRONSON	DIRECTOR	5.00	Director	$0	$0	$0
ALLAN GEHANT	TREASURER	10.00	Officer Director	$0	$0	$0
JO MELITA	DIRECTOR	5.00	Director	$0	$0	$0
JEANNE MILLER	CLERK	5.00	Officer Director	$0	$0	$0
JOANNE SADLER	DIRECTOR	5.00	Director	$0	$0	$0
CAROLYN SAYRE	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER STETSON	DIRECTOR	5.00	Director	$0	$0	$0
GRETCHEN WEHRLE-SCOTT	DIRECTOR	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	No data	No data	No data	No data
2023	$280,267	$313,170	$493,361	$-32,903
2022	$229,954	$261,212	$529,508	$-31,258
2019	$220,333	$170,993	$214,516	$49,340
2018	$195,769	$196,192	$163,063	$-423

LIBERTY ROWING INC