WILMINGTON YOUTH ROWING ASSOCIATION

EIN: 510357050 501(c)(3) Crime & Legal

WILMINGTON, DE

Total Revenue
$383,901
Total Expenses
$358,498
Total Assets
$834,466
Net Assets
$811,590
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
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 TEAM WORK 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. FOR THE PAST 29 YEARS WYRA, THROUGH ITS SUMMER ROW FOR IT! CAMPS, HAS INTRODUCED ROWING TO MORE THAN 2000 KIDS, MANY OF WHOM ARE DEEMED AT RISK BECAUSE OF THE NEIGHBORHOODS IN WHICH THEY RESIDE OR BECAUSE OF A FRAGILE FAMILY STRUCTURE.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
35

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
2
$58,623
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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