LOS GATOS ROWING CLUB

EIN: 942711944 501(c)(3) Recreation & Sports

LOS GATOS, CA

Total Revenue
$1,255,490
Total Expenses
$1,160,168
Total Assets
$1,424,009
Net Assets
$1,048,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CA
Principal Officer
SELIN GURSES ACAR
Phone
4083758681
Tax Period
2024-09-01 to 2025-08-31

LOS GATOS ROWING CLUB, founded in 1980, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 8% surplus.

Mission

To provide a competitive and instructional rowing program for youths and adults.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,943
Program Service Revenue $1,014,322
Investment Income $5,693
Other Revenue $18,532
TOTAL REVENUE $1,255,490

Expense Breakdown

Grants Paid $12,275
Salaries & Benefits $642,948
Fundraising Expenses $1,388
Program Expenses $807,996
Other Expenses $504,945
TOTAL EXPENSES $1,160,168

Year-over-Year Comparison

2024 2023 Change
Revenue $1,255,490 $961,275 +0.3%
Expenses $1,160,168 $1,033,775 +0.1%
Net Income $95,322 $-72,500 -2.3%
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

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Governance

Voting Members
15
Independent Members
15
Employees
27
Volunteers
125

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAIME VELEZ EXECUTIVE DIRECTOR 40.00
$127,500 $0 $127,500
MARC ROSKOW Vice President 7.00
Director
$0 $0 $0
LOIS VEGA Director 7.00
Director
$0 $0 $0
TIFFANY SPAULDING Director 7.00
Director
$0 $0 $0
SHIRLEY REEKIE Director 7.00
Director
$0 $0 $0
NICOLE DURYEA Director 7.00
Director
$0 $0 $0
AMY TIMPE Director 7.00
Director
$0 $0 $0
CLARK DONAHUE Director 7.00
Director
$0 $0 $0
SHAHIN PIROOZ Director 7.00
Director
$0 $0 $0
SARA KHOSROWSHAHI Director 7.00
Director
$0 $0 $0
CARRIE DAVIS Director 7.00
Director
$0 $0 $0
ANDREW POWELL Director 7.00
Director
$0 $0 $0
TAMSIN VANTRESS Director 7.00
Director
$0 $0 $0
MARK KLITGAARD President 7.00
Officer
$0 $0 $0
ROSE LOPEZ Secretary 7.00
Officer
$0 $0 $0
SELIN GURSES ACAR Treasurer 7.00
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
2025 $1,255,490 $1,160,168 $1,424,009 $95,322
2024 No data No data No data No data
2023 $961,275 $1,033,775 $1,267,495 $-72,500
2022 $1,017,131 $1,163,460 $1,335,810 $-146,329
2021 $937,302 $864,245 $1,526,968 $73,057
2020 $912,500 $871,474 $1,302,425 $41,026
2019 $1,049,954 $1,100,376 $1,256,877 $-50,422
2018 $967,888 $991,731 $1,326,134 $-23,843
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