THE VIRGINIA ROWING ASSOCIATION AT THE UNIVERSITY OF VIRGINIA INC

EIN: 541745147 501(c)(3) Recreation & Sports

CHARLOTTESVILLE, VA

Total Revenue
$832,314
Total Expenses
$527,564
Total Assets
$3,937,730
Net Assets
$3,809,474
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VA
Principal Officer
MATTHEW G MILLER
Phone
4342938191
Tax Period
2024-07-01 to 2025-06-30

THE VIRGINIA ROWING ASSOCIATION AT THE UNIVERSITY OF VIRGINIA INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $832K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 37% operating margin.

Program Service Accomplishments

Program 1
Expenses: $457,735 Revenue: $196,634

DURING THE FISCAL YEAR ENDED JUNE 30, 2025, VRA ACCOMPLISHED ITS EXEMPT PURPOSE BY CONTINUING TO PROVIDE A PLACE FOR THE UNIVERSITY OF VIRGINIA MEN'S CREW TO ROW, PROVIDED THE COACHING STAFF TO...

Read more

DURING THE FISCAL YEAR ENDED JUNE 30, 2025, VRA ACCOMPLISHED ITS EXEMPT PURPOSE BY CONTINUING TO PROVIDE A PLACE FOR THE UNIVERSITY OF VIRGINIA MEN'S CREW TO ROW, PROVIDED THE COACHING STAFF TO INSTRUCT AND GUIDE THE CREW TEAM, AND PROVIDED THE NECESSARY BOATS AND EQUIPMENT TO ENABLE THE CREW TO COMPETE AT THE HIGHEST INTERCOLLEGIATE LEVEL WITH OTHER COLLEGES AND UNIVERSITIES THROUGHOUT THE UNITED STATES. DURING THE LAST YEAR, APPROXIMATELY 65 UNDERGRADUATES PARTICIPATED IN THE MEN'S CREW PROGRAM. IN JULY THE COACHING STAFF CONDUCTED A SUMMER CAMP FOR 58 HIGH SCHOOL STUDENTS.

Program 2
Expenses: $33,701 Revenue: $40,000

IN ADDITION, VRA PROVIDED SPACE FOR THE VIRGINIA WOMEN'S VARSITY CREW TO STORE THEIR BOATS, FOR INDOOR TRAINING, AND TO LAUNCH THEIR BOATS ON THE RIVANNA RESERVOIR. WITHOUT ACCESS TO THE RESERVOIR...

Read more

IN ADDITION, VRA PROVIDED SPACE FOR THE VIRGINIA WOMEN'S VARSITY CREW TO STORE THEIR BOATS, FOR INDOOR TRAINING, AND TO LAUNCH THEIR BOATS ON THE RIVANNA RESERVOIR. WITHOUT ACCESS TO THE RESERVOIR, THE UNIVERSITY OF VIRGINIA WOMEN'S CREW PROGRAM WOULD NOT HAVE BEEN ABLE TO COMPETE AS A VARSITY INTERCOLLEGIATE SPORT. THE WOMEN'S TEAM WERE THE 2010 AND 2012 NCAA NATIONAL CHAMPIONS. IN THE PAST YEAR, APPROXIMATELY 72 UNDERGRADUATE WOMEN PARTICIPATED IN THE UNIVERSITY OF VIRGINIA WOMEN'S CREW PROGRAM. THE WOMEN'S CREW PROGRAM PROVIDED SCHOLARSHIPS TO NUMEROUS ATHLETES, AND HAD A COACHING STAFF OF FIVE COACHES. BOTH THE MEN'S AND WOMEN'S PROGRAMS UTILIZED THE LAUNCHES AND THE DOCK FACILITIES PROVIDED BY VRA.

Program 3
Expenses: $13,542 Revenue: $30,575

VRA ALSO HELPED TO INTEREST AND TO INSTRUCT COMMUNITY MEMBERS IN THE SPORT OF ROWING AND RECEIVED FINANCIAL SUPPORT FOR THE MEN'S AND WOMEN'S ROWING PROGRAMS BY RENTING SPACE IN THE BOATHOUSE TO A...

Read more

VRA ALSO HELPED TO INTEREST AND TO INSTRUCT COMMUNITY MEMBERS IN THE SPORT OF ROWING AND RECEIVED FINANCIAL SUPPORT FOR THE MEN'S AND WOMEN'S ROWING PROGRAMS BY RENTING SPACE IN THE BOATHOUSE TO A LOCAL PUBLIC HIGH SCHOOL, AND TO THE LOCAL COMMUNITY ROWING PROGRAM FOR BOAT STORAGE, AND PROVIDED THEM WITH ACCESS TO THE WATER BY WAY OF THE DOCK FACILITIES OWNED AND MAINTAINED BY THE VRA. DURING THE LAST YEAR, APPROXIMATELY 100 PEOPLE FROM THE COMMUNITY PARTICIPATED IN THESE HIGH SCHOOL AND LOCAL ROWING PROGRAMS. SOME OF THOSE INDIVIDUALS PROVIDED FINANCIAL ASSISTANCE AND IN-KIND SUPPORT TO VRA BY ASSISTING AT REGATTAS, HOUSING VISITING ROWERS, MAINTAINING THE GROUNDS OF THE VRA PROPERTY, AND SERVING AS OFFICERS AND DIRECTORS OF VRA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $558,535
Program Service Revenue $267,209
Investment Income $0
Other Revenue $6,570
TOTAL REVENUE $832,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,045
Fundraising Expenses $6,701
Program Expenses $504,978
Other Expenses $345,519
TOTAL EXPENSES $527,564

Year-over-Year Comparison

2024 2023 Change
Revenue $832,314 $521,151 +0.6%
Expenses $527,564 $451,639 +0.2%
Net Income $304,750 $69,512 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
11
Employees
2
Volunteers
3

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW K FLETCHER VICE PRESIDE 0.50
Officer Director
$0 $0 $0
MATTHEW G MILLER PRESIDENT 2.00
Officer Director
$0 $0 $0
STACIE H REID TREASURER 5.00
Officer Director
$0 $0 $0
AUDREY WAGNER SECRETARY 0.50
Officer Director
$0 $0 $0
FRANK BILLER DIRECTOR OF 40.00
Director
$0 $0 $0
STEPHAN MATANOVIC DIRECTOR 0.50
Director
$0 $0 $0
DAVID KUDRAVETZ DIRECTOR 0.50
Director
$0 $0 $0
DANIEL MUDD DIRECTOR 0.50
Director
$0 $0 $0
PATRICK B MCGRATH DIRECTOR 0.50
Director
$0 $0 $0
JOHN T SAITTA DIRECTOR 0.50
Director
$0 $0 $0
FRANK VASQUEZ DIRECTOR 0.50
Director
$0 $0 $0
MEREDITH REMIGINO DIRECTOR 0.50
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 $832,314 $527,564 $3,937,730 $304,750
2024 $521,151 $451,639 $3,384,200 $69,512
2023 $648,194 $493,592 $3,328,869 $154,602
2022 $585,282 $504,481 $3,111,248 $80,801
2021 $346,795 $365,880 $3,098,631 $-19,085
2020 $433,642 $367,603 $2,676,176 $66,039
2019 $918,634 $544,736 $2,587,691 $373,898
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE VIRGINIA ROWING ASSOCIATION AT THE UNIVERSITY OF VIRGINIA INC with other nonprofits in Virginia and across the country.