Oakland Strokes Incorporated

What it reported doing in 2024

Over the decades the Strokes have enjoyed many competitive successes, including victories at the Regional and National championships, representation at the World Championships, and invitations to prestigious international rowing events such as Henley Royal Regatta on the River Thames in London. Our athletes are frequently academically successful as well as recent Strokes alumni are rowing at Yale, Cal, Princeton, Washington, Dartmouth, Penn, Stanford, Cornell, USC and Michigan as well as many other fine schools. Yet, our most meaningful achievements cant be touted on scoreboard or summed up in a grade point average. While its true that prestigious colleges eagerly seek our rowers, its not just because they are top athletes, or have a perfect 4.0. Colleges seek our rowers because of their depth of character, strength of commitment and passion for excellence. In the end our alumni tell us again and again that the self confidence and lifelong friendships forged during their time with Oakland Strokes are among the most priceless experiences they've had. Our program goals are summarized as follows *Provide excellent coaching and rigorous training in the fundamentals of rowing. *Teach persistence, determination, responsibility and commitment. *Help all team members fulfill their potential and develop the character to thrive with difficult training and competition *Develop a sense of teamwork and shared purpose - the understanding that on a successful crew, everyone works for common goal.

Financial Efficiency

• Mission deployment rate: 81.2%; rating input score 81
• Program expense ratio: 86.4%; rating input score 86
• Fundraising efficiency: $66.66 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5.4%; rating input score 52; 52nd percentile among comparable filings
• Total-asset coverage ratio: 1.87; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 42; 42nd percentile among comparable filings
• Officer compensation ratio: 5.4%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 0.2% per year; rating input score 100; 14th percentile among comparable filings
• Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings