MIAMI ROWING AND WATERSPORTS CENTER INC (EIN 591952997) - 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

1997

Legal Domicile

Principal Officer

FACUNDO BARRERA

Phone

3053613225

Tax Period

2024-01-01 to 2024-12-31

MIAMI ROWING AND WATERSPORTS CENTER INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $620K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDES INSTRUCTION, EQUIPMENT, TRAINING AND SUPERVISION FOR OVER 130 MIDDLE/HIGH SCHOOL STUDENTS AND ADULTS IN ROWING, KAYAKING, CANOEING AND OUTRIGGER CANOEING.

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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 $199,495

Program Service Revenue $354,835

Investment Income $0

Other Revenue $65,354

TOTAL REVENUE $619,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,057

Fundraising Expenses $7,411

Program Expenses $595,807

Other Expenses $309,807

TOTAL EXPENSES $617,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,684	$564,083	+0.1%
Expenses	$617,864	$537,126	+0.2%
Net Income	$1,820	$26,957	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FACUNDO BARRERA	PRESIDENT	2.00	Officer Director	$0	$0	$0
RODRIGO SILVA URBANEJA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIANA PESIN	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROLINA SANCHEZ	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS MCALILEY	DIRECTOR	2.00	Director	$0	$0	$0
MARIANO MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN KIM BONOMO	DIRECTOR	2.00	Director	$0	$0	$0
YAMILE SALMAN CASTELLA	DIRECTOR	2.00	Director	$0	$0	$0
JUSTINE SEGREGA	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$619,684	$617,864	$275,970	$1,820
2023	$564,083	$537,126	$199,450	$26,957
2022	$549,390	$556,093	$216,736	$-6,703
2021	$473,110	$533,373	$194,215	$-60,263
2020	$450,908	$475,306	$258,087	$-24,398
2019	$479,191	$437,300	$265,000	$41,891
2018	$407,280	$446,451	$228,286	$-39,171

MIAMI ROWING AND WATERSPORTS CENTER INC