TRIAD UNITED ROWING ASSOCIATION

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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

2012

Legal Domicile

Principal Officer

Gene Kininmonth

Phone

3362579009

Tax Period

2024-07-01 to 2025-06-30

TRIAD UNITED ROWING ASSOCIATION, founded in 2012, is a small nonprofit in the Youth Development sector that reported $393K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $455K exceeded revenue, resulting in a 16% operating deficit.

Mission

Triad United Rowing Association is a 501(C)3 nonprofit corporation with a mission of providing local area youth and adults with recreational and competitive rowing opportunities and related water activities such as boating safety, while interacting with coaches and fellow students in a diverse, friendly setting.

Program Service Accomplishments

Program 1

Expenses: $189,776 Revenue: $219,052

Hosting the North Carolina Rowing Championships - this is a significant rowing event held in April for over 1,000 rowers and thousands of spectators in High Point, NC.

Program 2

Expenses: $70,501 Revenue: $130,815

Hosting the High Point Autumn Rowing Festival - this is a significant rowing event held in October for over 1,000 rowers and thousands of spectators in High Point, NC.

Program 3

Expenses: $195,094 Revenue: $198,200

Hosting 200 youth and adult rowers to learn to row and compete.

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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 $52,000

Program Service Revenue $341,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,658

Fundraising Expenses $0

Program Expenses $455,371

Other Expenses $347,713

TOTAL EXPENSES $455,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,200	$197,719	+1.0%
Expenses	$455,371	$180,020	+1.5%
Net Income	$-62,171	$17,699	-4.5%

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

$59,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kye Strance	Board Director	2.00	Director	$0	$0	$0
Gene Kininmonth	Executive Director	40.00	Director Highest	$59,085	$0	$59,085

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	$393,200	$455,371	$6,686	$-62,171