Megunticook Rowing

Nonprofit profile at a glance

EIN
263944267
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024, Form 990-T 2023, Form 990-N 2015
Location
Camden, ME, USA
Phone
2076911100
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$90,514
Expenses
$127,817
Assets
$67,723

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

Leadership & pay

9 people listed

Executive titles in this filing

  • JOHN ROMAIN (PRESIDENT)

People named in this filing

  • ERIC BUCK (VICE PRESIDE)
  • JOHN ROMAIN (PRESIDENT)
  • HUGH BROCK (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The mission of megunticook rowing is to create the opportunity for the sport of rowing in the mid-coast Maine area, and to educate participants in rowing technique, related skills, and the lifelong benefits of the sport of rowing.

What it reported doing in 2024

Megunticook rowing provides instruction in rowing to all ages in both group and private settings. The organization provides additional opportunities for rowing through hosting and attending regatta events, and leasing equipment to rowers who have demonstrated competence. During 2024 there were 128 participants in the various spring-autumn programs offered, as well as several participants in the equipment rental and storage programs.

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 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.1%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -41.2%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $118K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 15/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.