Cincinnati Junior Rowing Club Inc

Nonprofit profile at a glance

EIN
311386303
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Cincinnati, OH, USA
Phone
5138855111
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Official website

Reported finances

Revenue
$749,017
Expenses
$718,572
Assets
$82,447
Liabilities
$91,568

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • David Cooper (President - Start 08/2024)

Highest reported compensation

  • Greg Hull (Director of Rowing): $57,369 total reported compensation
  • Andy Piepmeier (Board member/Coach): $48,526 total reported compensation
  • Kevin McCarthy (Board member/Coach): $36,024 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cincinnati Junior Rowing Club is a youth rowing organization promoting rowing for area junior high and high school students. The club provides the facilities, equipment, and coaches to train the students in order to compete in area regattas.

What it reported doing in 2024

Cincinnati Junior Rowing Club is an Olympic development organization focused on promoting rowing for area junior high and high school students. The Cub has developed three Olympians since its inception. The Club provides the facilities, equipment, and coaches to train the students to compete in area regattas. We currently have over 100 students participating in our program year-around. Our objectives are: 1) Be one of the dominant programs in the Midwest Region (including continuing to medal at National Championships), 2) Keep our operating costs and related dues as low as possible to enable as many rowers to participate as possible. We believe this creates a competitive advantage for CJRC versus other Clubs, and 3) Enable the kids to learn, compete and have fun.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 39
  • Sustainability: 26
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.3%; rating input score 94
  • Program expense ratio: 97.6%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 12th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.1%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 19.8%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -8.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 94.3% of revenue deployed · 97.6% of spending went to programs
  • Governance: 4 of 7 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $701K in reported program spending
  • Leadership: top reported pay $57K · 9 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Review — Accountability: Independent voting board scored 57/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.