Veterans Rowing & Kayaking Inc (EIN 800953424) - 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

2013

Legal Domicile

Principal Officer

Paul Stephen Varszegi

Phone

2034453841

Tax Period

2023-01-01 to 2023-12-31

Veterans Rowing & Kayaking Inc, founded in 2013, is a micro nonprofit in the Recreation & Sports sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 171% operating deficit.

Mission

To provide recreational and competitive rowing opportunities and instruction to military veterans in the surrounding communities and to promote recreational river use and environmental education

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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 $25,472

Program Service Revenue $0

Investment Income $53

Other Revenue $0

TOTAL REVENUE $25,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,154

Other Expenses $69,064

TOTAL EXPENSES $69,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,525	$75,363	-0.7%
Expenses	$69,064	$63,796	+0.1%
Net Income	$-43,539	$11,567	-4.8%

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

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
JOHN ROGER WATERMAN	Director	5.00	Director	$0	$0	$0
Allan Jay Kellogg Jr	Chairman Emeritus	5.00	Officer	$0	$0	$0
Paul Stephen Varszegi	Executive Director	60.00	Officer	$0	$0	$0
Richard Rivera	Vice President	5.00	Officer	$0	$0	$0
GREGORY PETERKIN	Secretary	5.00	Officer	$0	$0	$0
Helen Crouch	Treasurer	5.00	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
2023	$25,525	$69,064	$601,184	$-43,539
2022	$75,363	$63,796	$693,981	$11,567
2021	$55,019	$69,225	$676,117	$-14,206
2020	$578,592	$98,220	$703,486	$480,372
2018	$191,988	$230,961	$79,934	$-38,973

Veterans Rowing & Kayaking Inc