WACO ROWING CLUB INC (EIN 364819989) - 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

Principal Officer

DONALD DAVIS

Phone

2547156203

Tax Period

2023-01-01 to 2023-12-31

WACO ROWING CLUB INC is a small nonprofit in the Recreation & Sports sector that reported $325K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $426K exceeded revenue, resulting in a 31% operating deficit.

Mission

SPONSOR LAVEGA HIGH SCHOOL ROWING TEAM. INCLUDING A DONATION OF BOAT USAGE AND STORAGE.SPONSOR A NATIONAL REGATTA WITH BOATS FROM ACROSS AMERICA.

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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 $232,323

Program Service Revenue $0

Investment Income $0

Other Revenue $92,345

TOTAL REVENUE $324,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,588

Fundraising Expenses $0

Program Expenses $336,351

Other Expenses $395,148

TOTAL EXPENSES $425,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,668	$251,673	+0.3%
Expenses	$425,736	$147,068	+1.9%
Net Income	$-101,068	$104,605	-2.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$30,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT SCHEURITZEL	Executive Dir.	4.00	Officer	$30,588	$0	$30,588
KEVIN DURBIN	BOARD MEM	1.00	Director	$0	$0	$0
TONY BEROTTE	BOARD MEM	1.00	Director	$0	$0	$0
NANCY GOODNIGHT	BOARD MEM	1.00	Director	$0	$0	$0
HARRISON SOEBROTO	BOARD MEM	1.00	Director	$0	$0	$0
LISA TORGERSEN	BOARD MEM	1.00	Director	$0	$0	$0
LUKE WALTON	BOARD MEM	1.00	Director	$0	$0	$0
KANEISHA LLOYD	BOARD MEM	1.00	Director	$0	$0	$0
JUSTIN ROSALINO	Secretary	1.00	Director	$0	$0	$0
MIKE VOELAAR	BOARD MEM	1.00	Director	$0	$0	$0
DONALD DAVIS	Treasurer	4.00	Officer	$0	$0	$0
AMY TIEMANN	President	2.00	Officer	$0	$0	$0
STEVE CATES	Vice President	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
2024	No data	No data	No data	No data
2023	$324,668	$425,736	$669,272	$-101,068
2022	$251,673	$147,068	$346,605	$104,605

WACO ROWING CLUB INC