MILE HIGH ROWING CLUB

EIN: 800356612 501(c)(3) Recreation & Sports

GREENWOOD VILLAGE, CO

Total Revenue
$210,547
Total Expenses
$228,810
Total Assets
$147,381
Net Assets
$137,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CO
Principal Officer
LAWRENCE MANDES
Phone
3037713088
Tax Period
2023-01-01 to 2023-12-31

MILE HIGH ROWING CLUB, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $211K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE MILE HIGH ROWING CLUB (MHRC) WAS FOUNDED IN 2008 TO BE A BROAD-BASED, NONPROFIT COMMUNITY ORGANIZATION, WHOSE PURPOSE IS TO FOSTER LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION IN THE AMATEUR SPORT OF JUNIOR ROWING. OUR GOAL IS TO PROMOTE AND ENCOURAGE THE GROWTH AND DEVELOPMENT OF ROWING BY PROVIDING APPROPRIATE INSTRUCTION, TRAINING PROGRAMS, AND FACILITIES FOR JUNIOR ROWERS THROUGHOUT THE GREATER DENVER AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,954
Program Service Revenue $179,707
Investment Income $19
Other Revenue $5,867
TOTAL REVENUE $210,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,952
Fundraising Expenses $808
Program Expenses $170,463
Other Expenses $136,858
TOTAL EXPENSES $228,810

Year-over-Year Comparison

2023 2022 Change
Revenue $210,547 $181,531 +0.2%
Expenses $228,810 $208,186 +0.1%
Net Income $-18,263 $-26,655 -0.3%
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

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Governance

Voting Members
7
Independent Members
100
Employees
15
Volunteers
30

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
2
$0
Total Directors
8
$42,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE MALACRIDA HEAD COACH 15.00
Director
$42,000 $0 $42,000
LAWRENCE MANDES PRESIDENT 6.00
Director
$0 $0 $0
DAVID LINDSTROM VICE PRESIDE 5.00
Officer Director
$0 $0 $0
NELLY DAWALLU TREASURER 7.00
Officer Director
$0 $0 $0
DAVID QUALLS MAINTENANCE 6.00
Director
$0 $0 $0
PAMELA NAGAFUJI MRKTING/MEMB 5.00
Director
$0 $0 $0
MATTHEW MOYER DIRECTOR 5.00
Director
$0 $0 $0
CHRISTINA ELLER DIRECTOR 1.00
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 No data No data No data No data
2023 $210,547 $228,810 $147,381 $-18,263
2022 $181,531 $208,186 $167,670 $-26,655
2021 $191,827 $176,205 $203,088 $15,622
2020 $163,731 $158,664 $211,662 $5,067
2019 $190,913 $154,745 $213,296 $36,168
2018 $147,275 $193,177 $159,763 $-45,902
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