Lake Merritt Rowing Club (EIN 946103108) - 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

2001

Legal Domicile

Principal Officer

Scott Sporte

Phone

5104213242

Tax Period

2024-04-01 to 2025-03-31

Lake Merritt Rowing Club, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $255K in total revenue in fiscal year 2024. Expenses of $232K left a modest 9% surplus.

Mission

To share the joy of rowing with the diverse community of the Bay Area including youth and other interested rowers.

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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 $10,802

Program Service Revenue $241,970

Investment Income $957

Other Revenue $1,215

TOTAL REVENUE $254,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,551

Fundraising Expenses $0

Program Expenses $83,851

Other Expenses $148,612

TOTAL EXPENSES $232,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,944	$255,774	0.0%
Expenses	$232,163	$215,461	+0.1%
Net Income	$22,781	$40,313	-0.4%

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

180

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
Terry Wheeler	President	4.00	Officer Director	$0	$0	$0
Kevin Kawada	Vice President	4.00	Officer Director	$0	$0	$0
Laurie Stephey	Secretary	4.00	Officer Director	$0	$0	$0
Scott Sporte	Treasurer	4.00	Officer Director	$0	$0	$0
Wendy Madieros	Director	2.00	Director	$0	$0	$0
September Williams MD	Director	2.00	Director	$0	$0	$0
Laurie Stephey	Director	2.00	Director	$0	$0	$0
Andrea Muchin	Director	2.00	Director	$0	$0	$0
Chris Groves	Director	2.00	Director	$0	$0	$0
Andrew O'Brien	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
2025	$254,944	$232,163	$588,881	$22,781
2024	$255,774	$215,461	$577,441	$40,313
2023	$243,923	$155,525	$572,790	$88,398
2022	$115,800	$108,714	$548,906	$7,086
2021	$255,456	$228,850	$525,388	$26,606
2020	$168,961	$211,670	$463,045	$-42,709
2019	$218,514	$204,347	$388,609	$14,167
2018	$216,060	$159,265	$372,668	$56,795

Lake Merritt Rowing Club