BRICK CITY ROWING

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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

2020

Legal Domicile

Principal Officer

CRAIG WHITE

Phone

9739515786

Tax Period

2024-01-01 to 2024-12-31

BRICK CITY ROWING, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $149K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 23% operating margin.

Mission

"BRICK CITY ROWING EXISTS TO PROMOTE COMPETITIVE YOUTH ROWING WITHIN THE CITY OF NEWARK, NJ. TO ACCOMPLISH THIS, WE PARTNER WITH LOCAL SCHOOLS, BUSINESSES, AND COMMUNITY ORGANIZATIONS TO FACILITATE YEAR-ROUND PROGRAMMING THAT IS CHAMPIONED ON A NATIONAL LEVEL.

Program Service Accomplishments

Program 1

Expenses: $43,104

TRAINING STUDENTS IN THE SPORT OF ROWING, EXPANDING ACCESS TO ALL MIDDLE AND HIGH SCHOOL YOUTH IN THE CITY OF NEWARK.

Program 2

Expenses: $31,251

INSTALLED A 160 FOOT DOCK IN PARTNERSHIP WITH NEWARK CITY PARKS FOUNDATION TO EXPAND RIVER-BASED PROGRAMMING, INVESTING OVER 200,000 AND 10,000 VOLUNTEER HOURS CUMULATIVELY TO DEVELOP AND BEAUTIFY...

INSTALLED A 160 FOOT DOCK IN PARTNERSHIP WITH NEWARK CITY PARKS FOUNDATION TO EXPAND RIVER-BASED PROGRAMMING, INVESTING OVER 200,000 AND 10,000 VOLUNTEER HOURS CUMULATIVELY TO DEVELOP AND BEAUTIFY THE PROPERTY.

Program 3

Expenses: $6,009

RACING GROUPS OF ATHLETES AT FALL AND WINTER 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $158,297

Program Service Revenue $0

Investment Income $1,612

Other Revenue $-11,357

TOTAL REVENUE $148,552

Expense Breakdown

Grants Paid $4,756

Salaries & Benefits $0

Fundraising Expenses $804

Program Expenses $80,364

Other Expenses $109,132

TOTAL EXPENSES $113,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,552	N/A	N/A
Expenses	$113,888	N/A	N/A
Net Income	$34,664	N/A	N/A

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

300

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
HANS ARNESEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIC LOMBEYDA	TREASURER	3.00	Officer Director	$0	$0	$0
HANNAH STAFFORD	SECRETARY	30.00	Officer Director	$0	$0	$0
CRAIG WHITE	PRESIDENT	36.00	Officer Director	$0	$0	$0
STEPHANIE WILLIAMS	DIRECTOR	18.00	Director	$0	$0	$0
STEVE WRIGHT	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	$148,552	$113,888	$306,171	$34,664