DULUTH ROWING CLUB (EIN 411353107) - 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

1978

Legal Domicile

Principal Officer

ERIC DOTT

Phone

2187278689

Tax Period

2024-01-01 to 2024-12-31

DULUTH ROWING CLUB, founded in 1978, is a small nonprofit that reported $124K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $166K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ROWING CLUB OPERATES FOR THE BENEFIT OF ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,253

Program Service Revenue $90,542

Investment Income $3,014

Other Revenue $505

TOTAL REVENUE $124,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,778

Fundraising Expenses $2,800

Program Expenses $157,224

Other Expenses $118,708

TOTAL EXPENSES $166,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,314	$142,932	-0.1%
Expenses	$166,486	$123,289	+0.4%
Net Income	$-42,172	$19,643	-3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESS BOEHLAND	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE BUSTA	DIRECTOR	N/A	Director	$0	$0	$0
ERIC DOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN FISCHER	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE FULLER-KASK	DIRECTOR	N/A	Director	$0	$0	$0
CATHY HAM	DIRECTOR	N/A	Director	$0	$0	$0
BILL HODAPP	DIRECTOR	N/A	Director	$0	$0	$0
ARSHIA JAVAHARIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE KASK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRENT LIPPIT	DIRECTOR	N/A	Director	$0	$0	$0
JERRY MALONE	DIRECTOR	N/A	Director	$0	$0	$0
RANDY NEWBERG	DIRECTOR	N/A	Director	$0	$0	$0
KENT OGSTON	DIRECTOR	N/A	Director	$0	$0	$0
TOM RAUSCHENFELS	DIRECTOR	N/A	Director	$0	$0	$0
BRENDA VANESS	DIRECTOR	N/A	Director	$0	$0	$0
ANNE WHITWORTH	TREASURER	1.00	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	$124,314	$166,486	$1,033,392	$-42,172
2023	$142,932	$123,289	$1,075,564	$19,643
2022	$95,682	$98,283	$1,055,921	$-2,601
2021	$60,947	$78,716	$1,058,522	$-17,769
2020	$22,233	$54,000	$1,076,291	$-31,767
2019	$133,905	$103,409	$1,108,058	$30,496
2018	$167,929	$97,768	$1,077,562	$70,161

DULUTH ROWING CLUB