Civic Intelligence

Vashon Island Rowing Club

990 • Fiscal year 2022 • EIN 91-1486197

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

PO Box 79Vashon, WA 98070

(612) 709-3530

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

23rd percentile

-14%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-3.2%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

-0.3%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$279,842

Down $9,134 (-3.2%) from 2021

Net Assets

Down

$279,013

Down $7,808 (-2.7%) from 2021

Liabilities

Down

$829

Down $1,326 (-62%) from 2021

Revenue

Down

$180,286

Down $565 (-0.3%) from 2021

Expenses

Up

$206,011

Up $7,795 (+3.9%) from 2021

Net Income

Down

-$25,725

Down $8,360 (-48%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2010: $90,251Liabilities 2010: $0Net Assets 2010: $90,2512010Assets 2011: $108,827Liabilities 2011: $0Net Assets 2011: $108,8272011Assets 2012: $118,236Liabilities 2012: $7,175Net Assets 2012: $111,0612012Assets 2013: $172,670Liabilities 2013: $4,560Net Assets 2013: $168,1102013Assets 2014: $161,757Liabilities 2014: $1,289Net Assets 2014: $160,4682014Assets 2015: $204,247Liabilities 2015: -$1,293Net Assets 2015: $205,5402015Assets 2016: $341,430Liabilities 2016: $4,619Net Assets 2016: $336,8112016Assets 2017: $357,279Liabilities 2017: $10,221Net Assets 2017: $347,0592017Assets 2018: $330,858Liabilities 2018: $39,926Net Assets 2018: $290,9322018Assets 2019: $318,605Liabilities 2019: $29,637Net Assets 2019: $288,9682019Assets 2020: $303,487Liabilities 2020: $12,307Net Assets 2020: $291,1802020Assets 2021: $288,976Liabilities 2021: $2,155Net Assets 2021: $286,8212021Assets 2022: $279,842Liabilities 2022: $829Net Assets 2022: $279,0132022Assets 2023: $244,577Liabilities 2023: $3,106Net Assets 2023: $241,4712023Assets 2024: $296,558Liabilities 2024: $26,429Net Assets 2024: $270,1292024

Highlighted filing

2022

Assets$279,842
Liabilities$829
Net Assets$279,013

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $107,538Expenses 2010: $93,803Net Income 2010: $13,7352010Revenue 2011: $101,652Expenses 2011: $82,366Net Income 2011: $19,2862011Revenue 2012: $157,926Expenses 2012: $155,692Net Income 2012: $2,2342012Revenue 2013: $244,300Expenses 2013: $187,251Net Income 2013: $57,0492013Revenue 2014: $241,316Expenses 2014: $249,114Net Income 2014: -$7,7982014Revenue 2015: $288,596Expenses 2015: $248,104Net Income 2015: $40,4922015Revenue 2016: $411,465Expenses 2016: $263,347Net Income 2016: $148,1182016Revenue 2017: $274,278Expenses 2017: $247,595Net Income 2017: $26,6832017Revenue 2018: $174,426Expenses 2018: $252,484Net Income 2018: -$78,0582018Revenue 2019: $206,928Expenses 2019: $241,873Net Income 2019: -$34,9452019Revenue 2020: $141,145Expenses 2020: $139,592Net Income 2020: $1,5532020Revenue 2021: $180,851Expenses 2021: $198,216Net Income 2021: -$17,3652021Revenue 2022: $180,286Expenses 2022: $206,011Net Income 2022: -$25,7252022Revenue 2023: $222,460Expenses 2023: $260,002Net Income 2023: -$37,5422023Revenue 2024: $336,327Expenses 2024: $307,669Net Income 2024: $28,6582024

Highlighted filing

2022

Revenue$180,286
Expenses$206,011
Net Income-$25,725
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$180,286
Mission and Program Overview

Mission

Recreational and competitive rowing for vashon island adults and youth

Recreational and competitive rowing for vashon island adults and youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$242,977$228,831▼ $14,146
Cash and Non-Interest-Bearing Accounts$27,956$40,762▲ $12,806
Savings and Temporary Cash Investments$9,038$9,039▲ $1
Accounts Receivable$9,005$1,210▼ $7,795
Total Assets$288,976$279,842▼ $9,134
Liabilities
Other Liabilities$1,624$0▼ $1,624
Accounts Payable and Accrued Expenses$531$829▲ $298
Total Liabilities$2,155$829▼ $1,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$286,821$279,013▼ $7,808
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$286,821$279,013▼ $7,808
Total Liabilities and Net Assets / Fund Balance$288,976$279,842▼ $9,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$225,330$213,607$0
Leasehold Improvements$3,501$5,250$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martha OrmsethJunior Chair
Jeremy WebbParent Chair
Lindsay TracyPresident
Charles ChavezDirector
Francois RibaletDirector
Sean WaldronDirector
Mary RothermelSecretary
Suzanne RutkowskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,134
Program Service Revenue
$103,151
Investment Income
$0
Other Revenue
$1
All Other Contributions
$9,531
Change in Net Assets
$-25,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,244
Salaries, Compensation, and Employee Benefits$5,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$44,507$25,000-$69,507
Travel$26,936$26,937-$53,873
Depreciation Depletion-$31,956-$31,956
Fees for Services Accounting$0$8,356-$8,356
Office Expenses$1,000$6,415-$7,415
Current Officers, Directors, Trustees, and Key Employees$5,414--$5,414
Insurance$0$5,410-$5,410
Occupancy$0$4,980-$4,980
Advertising-$1,568-$1,568
Other Expenses$0$1,000$0$1,000
Payroll Taxes$353--$353
Total Functional Expenses$92,059$113,952$0$206,011
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Passport2Pain$38,804$38,804$5,981$32,823
Total Events$38,804$38,804$18,270$20,534
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

All members of the club and the board members review the 990 Form before filling it with the IRS.

Form 990, Part VI, Section B, Line 12C

The Board has adopted a formal conflict of interest policy. It is reviewed annually by the new and old board members.

Form 990, Part VI, Section C, Line 19

The Board has adopted a formal confict of interest policy. Trustees are tasked to complete an annual questionnaire disclosing any potential conflict and to bring any such issues before the board for its consideration and are bound by its policy to abstain from any vote that may result in a conflict of interest situation.

Filing and Contact Details

Filer

Filer Name
Vashon Island Rowing Club
EIN
91-1486197
Phone
6127093530
Address
PO BOX 79, Vashon, WA 98070

Signing Officer

Name
Suzanne Rutkowski
Title
Treasurer
Phone
6127093530
Signed
2023-11-10

Organization Details

Principal Officer
Suzanne Rutkowski
Formed
1991
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

AR adjustment

Financial Statement Notes

Schedule D, Part X, Line 2

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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0ADULT PROGRAM SERVED APPROXIMATELY 50 ISLAND ADULTS WITH LEARN-TO-ROW CLINICS, REGULAR ROWING PRACTICE AND LOCAL AND REGIONAL ROWING COMPETITIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017059
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt047070
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt093161
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0105649
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt087690
IRS990/PYRevenuesLessExpensesAmt0-17365
IRS990/PYSalariesCompEmpBnftPaidAmt092567
IRS990/PYTotalExpensesAmt0198216
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0180851
IRS990/ReconcilationRevenueExpnssAmt0-25725
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt098886
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09038
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09039
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt047070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt061404
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010328
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt067142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070766
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0256710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0112009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt087690
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt097975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0137658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt072820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0508152
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt09531
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt040930
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt09897
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt025297
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt054724
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0140379
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt02
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0905241
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0168610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0190024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0118200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0230097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198310
IRS990ScheduleA/Total509Grp/TotalAmt0905241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0168611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0190024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0118200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0230098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198310
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0905243
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0225330
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0213607
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0438937
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03501
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05250
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt08751
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0na
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0228831
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018270
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Passport2Pain
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010018
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010018
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt038804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt038804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt038804
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt020534
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05981
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05981
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02271

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.97$0.26$2.70$3.36$3.08$0.29
2023Summary only. Only limited summary data is available for this year.$2.45$0.03$2.41$2.22$2.60$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.01$2.79$1.80$2.06$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.02$2.87$1.81$1.98$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.12$2.91$1.41$1.40$0.02
2019Summary only. Only limited summary data is available for this year.$3.19$0.30$2.89$2.07$2.42$0.35
2018Summary only. Only limited summary data is available for this year.$3.31$0.40$2.91$1.74$2.52$0.78
2017Summary only. Only limited summary data is available for this year.$3.57$0.10$3.47$2.74$2.48$0.27
2016Summary only. Only limited summary data is available for this year.$3.41$0.05$3.37$4.11$2.63$1.48
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.01$2.06$2.89$2.48$0.40
2014Detailed filing. Detailed filing data is available for this year.$1.62$0.01$1.60$2.41$2.49$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.73$0.05$1.68$2.44$1.87$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.07$1.11$1.58$1.56$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$1.02$0.82$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$1.08$0.94$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits