Is National Rowing Foundation Inc Legit?

The National Rowing Foundation Inc. demonstrates consistent financial health with a strong asset base, reaching $8,760,406 in its latest filing. The organization has consistently maintained a positive net income, with revenues generally exceeding expenses across its filing history. For instance, in 2023, revenue was $1,241,003 against expenses of $948,401, indicating efficient management of resources. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial stability. A notable aspect of its transparency and spending efficiency is the reported 0% officer compensation across all available filings, which indicates that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially maximizing funds for programmatic activities. This practice, combined with a healthy asset-to-liability ratio, points to a well-managed and financially sound organization focused on its mission.