VASHON ISLAND ROWING CLUB (EIN 911486197) - 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

1991

Legal Domicile

Principal Officer

Erika Lanske

Phone

6127093530

Tax Period

2024-01-01 to 2024-12-31

VASHON ISLAND ROWING CLUB, founded in 1991, is a small nonprofit that reported $336K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $308K left a modest 9% surplus.

Mission

RECREATIONAL AND COMPETITIVE ROWING FOR VASHON ISLAND ADULTS AND YOUTH.

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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 $164,109

Program Service Revenue $172,214

Investment Income $0

Other Revenue $4

TOTAL REVENUE $336,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,482

Fundraising Expenses $0

Program Expenses $269,174

Other Expenses $173,187

TOTAL EXPENSES $307,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,327	$222,460	+0.5%
Expenses	$307,669	$260,002	+0.2%
Net Income	$28,658	$-37,542	-1.8%

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

Volunteers

100

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
Sean Waldron	President	5	Director	$0	$0	$0
Carole Mullin	Secretary	1	Director	$0	$0	$0
Francois Ribalet	Director	1	Director	$0	$0	$0
David Derrer	Director	1	Director	$0	$0	$0
Suzanne Rutkowski	Treasurer	1	Director	$0	$0	$0
Jeremy Webb	Jr. Parent Chair	2		$0	$0	$0
Cameron Cooper	Jr Parent Chair	1		$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	$336,327	$307,669	$296,558	$28,658
2023	$222,460	$260,002	$244,577	$-37,542
2022	$180,286	$206,011	$279,842	$-25,725
2021	$180,851	$198,216	$288,976	$-17,365
2020	$141,145	$139,592	$303,487	$1,553
2019	$206,928	$241,873	$318,605	$-34,945

VASHON ISLAND ROWING CLUB