SCHOLASTIC ROWING ASSOCIATION OF AMERICA (EIN 550818433) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

JOHN MUSIAL

Phone

2158011465

Tax Period

2024-01-01 to 2024-12-31

SCHOLASTIC ROWING ASSOCIATION OF AMERICA, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $168K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $207K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO FOSTER ROWING FOR STUDENTS AND TO STAGE AN ANNUAL REGATTA OPEN TO ALL SCHOOLS OF THE WORLD.

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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 $0

Program Service Revenue $116,382

Investment Income $45,646

Other Revenue $5,535

TOTAL REVENUE $167,563

Expense Breakdown

Grants Paid $36,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,377

Other Expenses $171,400

TOTAL EXPENSES $207,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,563	$116,275	+0.4%
Expenses	$207,400	$159,096	+0.3%
Net Income	$-39,837	$-42,821	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG HOFFMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
RUTH MACNAMARA	BOARD MEMBER	2.00	Director	$0	$0	$0
KATE GODWIN	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN MUSIAL	TREASURER	5.00	Officer Director	$0	$0	$0
DENNIS SMITH	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SUTER	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN DAMEO	TRUSTEE	2.00	Director	$0	$0	$0
RAY DUFF	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JANE LICATA	TRUSTEE	2.00	Director	$0	$0	$0
ERIN GALLAGHER	TRUSTEE	2.00	Director	$0	$0	$0
TRINATH GOTETI	TRUSTEE	2.00	Director	$0	$0	$0
KIT BENNETT	TRUSTEE	2.00	Director	$0	$0	$0
DUNCAN HUDSON	TRUSTEE	2.00	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
2024	$167,563	$207,400	$408,100	$-39,837
2023	$116,275	$159,096	$446,379	$-42,821
2022	$129,802	$141,719	$421,987	$-11,917
2021	$75,605	$101,536	$545,399	$-25,931
2020	$14,882	$31,982	$539,689	$-17,100
2019	$145,002	$115,670	$495,728	$29,332

SCHOLASTIC ROWING ASSOCIATION OF AMERICA