Three Rivers Rowing Association

Nonprofit profile at a glance

EIN
251544798
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Pittsburgh, PA, USA
Phone
4122318772
Rating
90
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$1,225,086
Expenses
$1,285,606
Assets
$2,912,264
Liabilities
$607,413

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

Leadership & pay

12 people listed

Executive titles in this filing

  • Matt Logue (Executive Director)

Highest reported compensation

  • Matt Logue (Executive Director): $72,707 total reported compensation

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

Overview

Mission

The mission of Three Rivers Rowing Association is to develop and deliver safe, sustainable and inclusive programs and events that promote the benefits of rowing and paddling to a diverse, growing membership.

What it reported doing in 2024

TRRA establishes rowing programs for youth in area high schools. Two local high schools have established programs that call TRRA their home during the academic year. TRRA also operated its own Juniors programs which accept participants from all local schools. TRRA offers summer rowing opportunities in which students are able to refine their skills and continue to develop as athletes, leaders, and young adults. Many Pittsburgh area youth have developed their skills enough to earn college scholarships, some extending their talent to the National Team Level including two Olympic gold medalists. Another youth program that TRRA offers is First Row 2.0, a land based program in which TRRA brings rowing TO the community, particularly middle schools and community centers, to raise awareness of the sport, increase access to rowing and showcase opportunities the sport provides. Another program operating out of TRRA is the Hearts of Steel Dragon Boat Team. Hearts of Steel empowers breast cancer survivors to strengthen the mind, body and spirit through camradarie and the sport of dragon boat paddling. TRRA also continued to grow its rowing program for Veterans with over 10 Veterans participating in our Summer Rowing League program and raced at the Highmark Challenge Regatta.

Operating model

Revenue model
Earned-program. 72% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96%; rating input score 96
  • Program expense ratio: 91.5%; rating input score 91
  • Fundraising efficiency: $18.42 raised per $1 spent on fundraising; rating input score 56; 56th 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: Limited
  • 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.9%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 2.27; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 96% of revenue deployed · 91.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $73K · 12 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.