CHATTANOOGA ROWING (EIN 581846279) - 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

1989

Legal Domicile

Principal Officer

MICHAEL CONNORS

Tax Period

2024-10-01 to 2025-09-30

CHATTANOOGA ROWING, founded in 1989, is a small nonprofit that reported $153K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $147K left a modest 3% surplus.

Mission

TO ENABLE AREA RESIDENTS, WITHOUT REGARD TO AGE OR ABILITY TO ENJOY AND BENEFIT FROM ROWING ON THE TENNESSEE RIVER. THIS IS ACCOMPLISHED BY PROVIDING A FACILITY TO HOUSE ROWING PROGRAMS, TO SPONSOR A HIGH SCHOOL ROWING ORGANIZATION, AND TO PROVIDE INSTRUCTION AND EQUIPMENT FOR ROWER'S WITH SPECIAL NEEDS.

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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 $38,595

Program Service Revenue $95,015

Investment Income $0

Other Revenue $19,090

TOTAL REVENUE $152,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,313

Program Expenses $142,576

Other Expenses $147,424

TOTAL EXPENSES $147,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,700	$178,209	-0.1%
Expenses	$147,424	$184,597	-0.2%
Net Income	$5,276	$-6,388	-1.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY MAGNUSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
GRANT LAW	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DRUE ZAHARIS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
MICHAEL CONNORS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRISTINE CONNORS	TREASURER	N/A	Officer Director	$0	$0	$0
PAUL GIFFORD	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHERINE GILES	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM HIBBS	PAST PRESIDE	N/A	Director	$0	$0	$0
ZEE STEADFAST	BOARD MEMBER	N/A	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	$152,700	$147,424	$570,395	$5,276
2024	$178,209	$184,597	$575,635	$-6,388
2023	$176,493	$145,082	$592,302	$31,411
2022	$177,140	$115,646	$558,672	$61,494
2021	$133,551	$159,163	$519,443	$-25,612
2020	$113,933	$97,679	$546,867	$16,254
2019	$114,931	$110,967	$532,779	$3,964

CHATTANOOGA ROWING