Indianapolis Rowing Center Inc
Nonprofit profile at a glance
- EIN
- 351760690
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Indianapolis, IN, USA
- Phone
- 3179911829
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,023,251
- Expenses
- $1,016,892
- Assets
- $931,177
- Liabilities
- $362,641
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- AMANDA CODDENS (PRESIDENT)
Highest reported compensation
- ANGELIA THORPE (EXECUTIVE DI): $36,516 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The indianapolis rowing cetner, inc. ("irc") is a non-profit organization dedicated to developing youth and adjults of all social and economic backgrounds through the sport of rowing by providing experienced and knowledgeable instruction, a variety of skill-enhancing programs, and world-class facilities.
What it reported doing in 2025
Indianapolis rowing center hosts events to generate revenue. The organization hosts events that are open to high schools, masters organizations, and collegiate organizations; some are national or regional championships.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 93
- Accountability: 79
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 93.9%; rating input score 94
- 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: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.6%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.92; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 11.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 93.4% of revenue deployed · 93.9% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $955K in reported program spending
- Leadership: top reported pay $37K · 10 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 7 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.