Manatee County Youth Rowing Inc (EIN 611580648) - 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

2012

Legal Domicile

Principal Officer

Richard Bedford

Phone

9414791605

Tax Period

2023-06-01 to 2024-05-31

Manatee County Youth Rowing Inc, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $148K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 24% operating deficit.

Mission

To provide rowing programs in a positive and competitive environment for all ages.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,984

Program Service Revenue $124,225

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,893

Fundraising Expenses $0

Program Expenses $140,783

Other Expenses $108,241

TOTAL EXPENSES $184,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,209	$207,695	-0.3%
Expenses	$184,134	$215,560	-0.1%
Net Income	$-35,925	$-7,865	+3.6%

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
Richard Bedford	Director	4.00	Director	$0	$0	$0
Lauren DePriest	President	12.00	Officer	$0	$0	$0
Macalin Bedford	Secretary	4.00	Officer	$0	$0	$0
Niki Derrick	Director	4.00	Director	$0	$0	$0
John Young	Treasurer	4.00	Director	$0	$0	$0
Trish Jackson	Director	4.00	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	$148,209	$184,134	$98,452	$-35,925
2023	$207,695	$215,560	$134,394	$-7,865
2022	$182,366	$194,980	$141,793	$-12,614
2021	$164,094	$177,987	$160,171	$-13,893

Manatee County Youth Rowing Inc