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

OUR MISSION IS TO HELP YOUTH REACH THEIR POTENTIAL THROUGH THE SPORT OF ROWING. MHRC ATTRACTS YOUTH FROM ALL OVER THE METRO AREA (PUBLIC/PRIVATE) WHO ARE INTERESTED IN ROWING FOR FUN, FITNESS, AND COMPETITION-AND FOR SOME, TO ROW AND COMPETE AT THE HIGHEST LEVEL OF THE SPORT. OTHER BENEFITS INCLUDE: PEAK PHYSICAL FITNESS, CHARACTER BUILDING AND CONFIDENCE, FUN TEAM ATMOSPHERE, BEAUTIFUL OUTDOOR VENUE, EXPERIENCED COACHES, EXPOSURE TO A LIFELONG SPORT, AND COLLEGE RECRUITING AND NATIONAL RECOGNITION.

Program Service Accomplishments

Program 1
Expenses: $170,463 Revenue: $179,707

2023 ACCOMPLISHMENTS: MHRC'S ACCOMPLISHMENT OF 2023 WAS THE CONTINUED SAFE OPERATION OF THE CLUB. 2024 GOALS: AGAIN, THE MAIN GOAL WILL BE TO CONDUCT OUR USUAL SPRING, SUMMER, AND FALL SEASONS AS...

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2023 ACCOMPLISHMENTS: MHRC'S ACCOMPLISHMENT OF 2023 WAS THE CONTINUED SAFE OPERATION OF THE CLUB. 2024 GOALS: AGAIN, THE MAIN GOAL WILL BE TO CONDUCT OUR USUAL SPRING, SUMMER, AND FALL SEASONS AS SAFELY AS POSSIBLE. MHRC CONDUCTS ROWING PRACTICE 5 DAYS A WEEK. IN 2024, MHRC WILL TRAVEL WITH 40+ ROWERS TO OKLAHOMA CITY, OK FOR THE USROWING CENTRAL YOUTH CHAMPIONSHIPS, THE REGIONAL QUALIFYING REGATTA FOR THE USROWING YOUTH NATIONAL CHAMPIONSHIP. IN THE SUMMER WE WILL CONDUCT LEARN-TO-ROW CAMPS TO TEACH THE SPORT TO HIGH SCHOOLERS AND ENCOURAGE THEM TO JOIN THE TEAM FOR RACES IN THE SUBSEQUENT FALL AND SPRING SEASONS. IN THE FALL, MHRC WILL TRAVEL TO OKLAHOMA CITY AND WICHITA, KS FOR ADDITIONAL REGATTAS.

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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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Liquidity & Cash Position

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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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