Olympia, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The purpose of the Olympia Area Rowing Association is 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.
Provided rowing education and training programs to youth and adults; Conducted spring, summer, fall, and winter rowing programs for about 55 Youth girls and boys aged 12-18; conducted spring, summer...
Provided rowing education and training programs to youth and adults; Conducted spring, summer, fall, and winter rowing programs for about 55 Youth girls and boys aged 12-18; conducted spring, summer, fall, and winter adult coached programs for approximately 50 adults. Conducted learn to row classes for approximately 25 adults who were new to the sport, and provided access to facilities and instruction, to a community youth camp that introduced youth to various water sports.
Developed and maintained water access (docks, ramps, and boat storage) for various categories of rowed boats; provided recreational rowing opportunities for approximately 80 adult members and 55...
Developed and maintained water access (docks, ramps, and boat storage) for various categories of rowed boats; provided recreational rowing opportunities for approximately 80 adult members and 55 youth participants; provided water access and storage facilities for the City of Olympia Parks, Arts, and Recreation Department; provided water access (use of dock) to members of the general public who use kayaks, canoes, paddle boards, and other human-powered craft.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare OLYMPIA AREA ROWING ASSOCIATION with other nonprofits in Washington and across the country.