Lake Brantley Rowing Association I… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

Gary Garofalo

Phone

4078329967

Tax Period

2024-07-01 to 2025-06-30

Lake Brantley Rowing Association Inc, founded in 1988, is a small nonprofit that reported $331K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $369K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide opportunity for youth to participate in rowing events

Program Service Accomplishments

Program 1

Expenses: $56,183

High School Rowing Program provides the opportunity for high school rowers to learn the principles of rowing from experienced trainers and develop techniques to enchange individual skill and work...

High School Rowing Program provides the opportunity for high school rowers to learn the principles of rowing from experienced trainers and develop techniques to enchange individual skill and work better as a team

Program 2

Expenses: $40,840 Revenue: $34,422

Head of Hooch Regatta rowing event in Chattanooga, TN for high school rowers to gain experience at a national level rowing regatta

Program 3

Expenses: $20,990 Revenue: $26,811

Novice Regatta rowing event for novice rowers to gain the experience of spring racing.

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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 $136,219

Program Service Revenue $111,554

Investment Income $919

Other Revenue $82,178

TOTAL REVENUE $330,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,981

Other Expenses $369,049

TOTAL EXPENSES $369,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,870	$373,862	-0.1%
Expenses	$369,049	$375,530	0.0%
Net Income	$-38,179	$-1,668	+21.9%

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

N/A

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
Gregg Lehman	President	10.00	Officer	$0	$0	$0
Paul Cresho	Vice President	10.00	Officer	$0	$0	$0
Gary Garofalo	Treasurer	10.00	Officer	$0	$0	$0
Pam Brown	Secretary	10.00	Officer	$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	$330,870	$369,049	$129,181	$-38,179
2024	No data	No data	No data	No data
2023	$320,765	$324,590	$151,951	$-3,825
2022	$307,816	$259,142	$156,036	$48,674

Lake Brantley Rowing Association Inc