Commencement Bay Rowing Club (EIN 911560405) - 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

1992

Legal Domicile

Principal Officer

KARI UDBYE

Phone

2532284746

Tax Period

2024-01-01 to 2024-12-31

Commencement Bay Rowing Club, founded in 1992, is a small nonprofit in the Unknown sector that reported $180K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $724K represent 48 months of operating reserves.

Mission

PROVIDE INSTRUCTION IN THE SPORT OF ROWING TO HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS IN PIERCE COUNTY

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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 $30,051

Program Service Revenue $100,063

Investment Income $48

Other Revenue $49,996

TOTAL REVENUE $180,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,510

Fundraising Expenses $0

Program Expenses $186,143

Other Expenses $122,403

TOTAL EXPENSES $186,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,158	$204,539	-0.1%
Expenses	$186,913	$197,628	-0.1%
Net Income	$-6,755	$6,911	-2.0%

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

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

$6,131

Total Directors

$250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GALLAGHER	PRESIDENT	8.00	Officer	$0	$0	$0
TERRAN SENTFLEBEN	VICE PRESIDENT	2.00	Officer	$6,131	$0	$6,131
JAMES SCHACHT	SECRETARY	3.00	Officer	$0	$0	$0
KARI UDBYE	TREASURER	8.00	Officer	$0	$0	$0
PAUL WENSLEY	DIRECTOR	3.00	Director	$250	$0	$250
TOM CARR	DIRECTOR	2.50	Director	$0	$0	$0
SARA FEY HINCKLEY	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
WILL SIMONSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN WELSH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	6.00	Director	$0	$0	$0
ANDREW SARTORI	DIRECTOR	1.00	Director	$0	$0	$0
AMY SENFTLEBEN	DIRECTOR	2.00	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	$180,158	$186,913	$731,180	$-6,755
2023	$204,539	$197,628	$740,015	$6,911
2022	$107,506	$182,138	$736,197	$-74,632
2021	$150,885	$142,869	$804,550	$8,016
2020	$133,403	$155,891	$797,173	$-22,488
2019	$164,817	$184,388	$819,048	$-19,571
2018	$163,742	$186,808	$836,866	$-23,066

Commencement Bay Rowing Club