ROWAN GROWTH PARTNERS (EIN 870713114) - 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

2003

Legal Domicile

Principal Officer

ROD CRIDER

Phone

7046375526

Tax Period

2024-01-01 to 2024-12-31

ROWAN GROWTH PARTNERS, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE RELIEF OF POVERTY, UNEMPLOYMENT AND UNDEREMPLOYMENT FOR PERSONS IN ROWAN COUNTY CAUSED IN PART BY THE SUBSTANTIAL JOB LOSS RELATED TO THE DOWNFALL OF TEXTILE MANUFACTURING AND OTHER MANUFACTURING INDUSTRIES

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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 $210,035

Program Service Revenue $0

Investment Income $97

Other Revenue $0

TOTAL REVENUE $210,132

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,000

Other Expenses $1,284

TOTAL EXPENSES $251,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,132	$267,715	-0.2%
Expenses	$251,284	$313,500	-0.2%
Net Income	$-41,152	$-45,785	-0.1%

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
JAKE ALEXANDER	DIRECTOR	N/A	Director	$0	$0	$0
GARY BLABON	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JOHN CARR	DIRECTOR	N/A	Director	$0	$0	$0
ROD CRIDER	PRESIDENT &	N/A	Officer Director	$0	$0	$0
GREG EDDS	DIRECTOR	N/A	Director	$0	$0	$0
LUKE FISHER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEVE FISHER	DIRECTOR	N/A	Director	$0	$0	$0
DENISE HALLETT	PAST CHAIRMA	N/A	Officer Director	$0	$0	$0
STEPHEN KIDD	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN OVERCASH	DIRECTOR	N/A	Director	$0	$0	$0
DON RUDDY	DIRECTOR	N/A	Director	$0	$0	$0
PETE TEAGUE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
BRAD WALSER	DIRECTOR	N/A	Director	$0	$0	$0
JASON WALSER	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY WHALEY	DIRECTOR	N/A	Director	$0	$0	$0
TEROSS YOUNG	DIRECTOR	N/A	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	$210,132	$251,284	$71,314	$-41,152
2023	$267,715	$313,500	$112,466	$-45,785
2022	$299,678	$313,530	$162,764	$-13,852
2021	$225,634	$305,780	$172,103	$-80,146

ROWAN GROWTH PARTNERS