OLYMPIA AREA ROWING ASSOCIATION (EIN 911939589) - 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

1998

Legal Domicile

Principal Officer

Nancy Drushella

Phone

3609031630

Tax Period

2023-01-01 to 2023-12-31

OLYMPIA AREA ROWING ASSOCIATION, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $289K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $342K exceeded revenue, resulting in a 18% operating deficit.

Mission

To promote, foster, and facilitate the sports of rowing and paddling human-powered watercraft; to preserve the heritage and history of these sports; and to organize and operate a community facility that is devoted to these sports.

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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 $58,651

Program Service Revenue $228,016

Investment Income $2,202

Other Revenue $0

TOTAL REVENUE $288,869

Expense Breakdown

Grants Paid $32,956

Salaries & Benefits $136,651

Fundraising Expenses $0

Program Expenses $289,936

Other Expenses $172,347

TOTAL EXPENSES $341,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,869	$242,984	+0.2%
Expenses	$341,954	$287,616	+0.2%
Net Income	$-53,085	$-44,632	+0.2%

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
Joshua Curtiss	Parent Representative	5	Director	$0	$0	$0
Alyson Piskorowski	Parent Representative	5	Director	$0	$0	$0
Jill Williams	At Large Director	5	Director	$0	$0	$0
Kate O'Donnell	At Large Director	5	Director	$0	$0	$0
Alex Smith	At Large Director	5	Director	$0	$0	$0
Richard Ramsey	President	8	Officer	$0	$0	$0
Angus Brodie	Vice President	8	Officer	$0	$0	$0
Nancy Drushella	Treasurer	8	Officer	$0	$0	$0
Stacey Genzlinger	Secretary	8	Officer	$0	$0	$0
Arlene Hartman	Captain	8	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
2024	No data	No data	No data	No data
2023	$288,869	$341,954	$430,020	$-53,085
2022	$242,984	$287,616	$495,970	$-44,632
2021	$268,283	$233,546	$553,225	$34,737
2020	$209,174	$209,927	$530,876	$-753

OLYMPIA AREA ROWING ASSOCIATION