ANN ARBOR, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN ROWING ASSOCIATION, founded in 1982, is a small nonprofit that reported $890K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $415K, a strong 47% operating margin.
THE MICHIGAN ROWING ASSOCIATION (MRA) IS AN ORGANIZATION THAT PRIMARILY FURTHERS AND SUPPORTS THE SPORT OF ROWING FOR THE UNIVERSITY OF MICHIGAN ROWING TEAM (UMRT), AND SUPPORTS ROWING IN THE ANN ARBOR, MICHIGAN COMMUNITY. THE ORGANIZATION IS TIED TO THE UNIVERSITY OF MICHIGAN ROWING TEAM IN THAT THE INCOME INCURRED BY THE PROGRAM FALLS UNDER THE AUSPICES OF MRA. MRA WAS FORMED SINCE IT WAS SEEN AS A MORE STABLE ORGANIZATION THAN UMRT. FOR LIABILITY REASONS MRA DOES NOT HOLD THE TITLE TO THE UMRT EQUIPMENT. ANY EQUIPMENT PURCHASED IN RELATION TO UMRT IS IMMEDIATELY DONATED TO UMRT. MRA COLLECTS PROGRAM SERVICE FEES TO PAY FOR THE COACHES, EQUIPMENT, AND FOR INSURANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $889,892 | $327,710 | +1.7% |
| Expenses | $474,821 | $258,325 | +0.8% |
| Net Income | $415,071 | $69,385 | +5.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WES VEAR | VICE PRESIDE | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEVE SIKORA | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| DAN BROCK | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| LAKIN VITTON | ALUMNI RELAT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM BURSTEIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRYON JESNIG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAW NEWMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY BAXTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES MATHERLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICK SFERRAZZA | INCOMING TRE | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $889,892 | $474,821 | $709,671 | $415,071 |
| 2022 | $327,710 | $258,325 | $297,300 | $69,385 |
| 2021 | $208,962 | $137,800 | $229,191 | $71,162 |
| 2020 | $166,502 | $164,193 | $158,664 | $2,309 |
| 2019 | $316,746 | $299,076 | $156,070 | $17,670 |
| 2018 | $504,884 | $505,053 | $140,492 | $-169 |
Compare MICHIGAN ROWING ASSOCIATION with other nonprofits in Michigan and across the country.