MINNEAPOLIS ROWING CLUB

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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

1938

Legal Domicile

Principal Officer

Alyssa Kunau

Phone

6129860619

Tax Period

2025-01-01 to 2025-12-31

MINNEAPOLIS ROWING CLUB, founded in 1938, is a small nonprofit in the Recreation & Sports sector that reported $629K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $582K left a modest 7% surplus.

Mission

The mission of MRC is to teach rowing and sculling, and to train its members and others for amateur competitive events and recreational exercise.

Program Service Accomplishments

Program 1

Expenses: $382,135 Revenue: $246,398

Rowing and sculling are taught at introductory, novice, recreational and competitive levels.

Program 2

Expenses: $144,910 Revenue: $152,136

Rowing and sculling skills are tested at regattas hosted by MRC and others.

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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 (2025)

Revenue Breakdown

Contributions & Grants $200,879

Program Service Revenue $398,534

Investment Income $6,518

Other Revenue $23,089

TOTAL REVENUE $629,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,627

Fundraising Expenses $0

Program Expenses $527,045

Other Expenses $353,806

TOTAL EXPENSES $582,433

Year-over-Year Comparison

	2025	2024	Change
Revenue	$629,020	$519,454	+0.2%
Expenses	$582,433	$501,973	+0.2%
Net Income	$46,587	$17,481	+1.7%

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

481

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
Lisa Ohnstad	President	4	Officer Director	$0	$0	$0
Alyssa Kunau	Vice President	4	Officer Director	$0	$0	$0
R Kirkland Cozine	Secretary	4	Officer Director	$0	$0	$0
Randy Gillenwaters	Treasurer	4	Officer Director	$0	$0	$0
Victoria Tobin	Commodore	4	Officer Director	$0	$0	$0
Kyle Maurer	At-Large Member	4	Director	$0	$0	$0
Erika Nelson	At-Large Member	4	Director	$0	$0	$0
Bridget Pooley	At-Large Member	4	Director	$0	$0	$0
Beth Robinson	At-Large Member	4	Director	$0	$0	$0
Katie Cartledge	At-Large Member	4	Director	$0	$0	$0
Kathleen Green	At-Large Member	4	Director	$0	$0	$0
Carrie Kubusek	At-Large Member	4	Director	$0	$0	$0
Andrew W Rennert	At-Large Member	4	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
2025	$629,020	$582,433	$234,040	$46,587
2024	$519,454	$501,973	$187,713	$17,481
2023	$473,598	$472,607	$169,690	$991
2022	$440,980	$476,924	$173,347	$-35,944
2021	$374,336	$345,803	$204,268	$28,533
2020	$218,879	$227,289	$173,405	$-8,410