WILMINGTON YOUTH 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

1994

Legal Domicile

Principal Officer

JESSE WAKEMAN

Phone

3027774533

Tax Period

2024-01-01 to 2024-12-31

WILMINGTON YOUTH ROWING ASSOCIATION, founded in 1994, is a small nonprofit in the Crime & Legal sector that reported $384K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $358K left a modest 7% surplus.

Mission

THE WILMINGTON YOUTH ROWING ASSOCIATION (WYRA) IS A NOT FOR PROFIT ORGANIZATION THAT USES THE SPORT OF ROWING AS A VEHICLE TO RAISE SELF-ESTEEM AND TEACH SELF-DISCIPLINE, RESPONSIBILITY, SPORTSMANSHIP, AND TEAMWORK TO A DIVERSE POPULATION OF AREA YOUTH. WYRA STAFF WORK CLOSELY WITH ROWERS AND THEIR FAMILIES TO PREPARE THEM FOR THE COLLEGE APPLICATION PROCESS AND TO ENSURE THEIR SUCCESS ACADEMICALLY.

Program Service Accomplishments

Program 1

Expenses: $210,330 Revenue: $145,057

COMPETITIVE CREW IS THE LARGEST PROGRAM WITHIN WYRA. THEY HAVE RACES IN BOTH THE FALL AND SPRING SEASONS.

Program 2

Expenses: $46,792 Revenue: $525

WYRA ALSO RUNS VARIOUS CAMP PROGRAMS DURING SUMMER TIME TO TEACH ROWING TO CHILDREN, INCLUDING ROW FOR IT!

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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 $139,922

Program Service Revenue $145,582

Investment Income $0

Other Revenue $98,397

TOTAL REVENUE $383,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,473

Fundraising Expenses $21,717

Program Expenses $257,122

Other Expenses $204,025

TOTAL EXPENSES $358,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,901	$253,036	+0.5%
Expenses	$358,498	$356,928	+0.0%
Net Income	$25,403	$-103,892	-1.2%

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

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

$58,623

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN BRABSON	TREASURER	0.00	Director	$0	$0	$0
MARTHA MANNING	CHAIR	0.00	Director	$0	$0	$0
ANDREW PIZOR	SECRETARY	0.00	Director	$0	$0	$0
JACK PERRY	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK DALLEPAZZE	BOARD MEMBER	0.00	Director	$0	$0	$0
SEAN BOYD	BOARD MEMBER	0.00	Director	$0	$0	$0
KAREN IONS	BOARD MEMBER	0.00	Director	$0	$0	$0
NEIL KAYE	BOARD MEMBER	0.00	Director	$0	$0	$0
JESSE WAKEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$23,781	$0	$23,781
LOUIS SALVADORI	EXECUTIVE DIRECTOR	0.00	Officer	$29,842	$5,000	$34,842

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	$383,901	$358,498	$834,466	$25,403
2023	$253,036	$356,928	$820,013	$-103,892
2022	$231,766	$350,308	$895,969	$-118,542
2021	$381,008	$290,911	$1,019,422	$90,097
2020	$174,321	$230,169	$975,093	$-55,848
2019	$231,723	$271,749	$987,234	$-40,026
2018	$260,276	$293,884	$1,048,726	$-33,608