Guilford Rowing Inc
Guilford Rowing Inc. maintains stable operations with volunteer leadership and minimal debt, despite occasional operating deficits.
EIN: 202542719 · Guilford, CT · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $48K |
| Program Spending | 85% |
| Net Assets | $58K |
| Transparency Score | 85/100 |
Is Guilford Rowing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Guilford Rowing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Guilford Rowing Inc
Guilford Rowing Inc (EIN: 202542719) is a nonprofit organization based in Guilford, CT, classified under NTEE code N67. The organization reported total revenue of $67K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guilford Rowing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guilford Rowing Inc is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $48K |
| Surplus / Deficit | $-1,325 |
| Total Assets | $59K |
| Total Liabilities | $600 |
| Net Assets | $58K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Guilford Rowing Inc reported a deficit of $1K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Guilford Rowing Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | -19.9% | -2.2% |
| 2022 | +0.1% | +26.5% | -10.5% |
| 2021 | +2274.7% | +65.3% | +6.7% |
| 2020 | -96.9% | -52.1% | -29.8% |
| 2019 | +23.0% | +3.5% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Guilford Rowing Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Guilford Rowing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly favorable for a nonprofit of this size, as it ensures that all revenue can be directed towards operational costs and program delivery.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Guilford Rowing Inc's IRS 990 filings:
- Occasional operating deficits (e.g., 2023, 2022, 2020, 2018, 2016, 2015, 2014) where expenses exceeded revenue, which could impact long-term sustainability if not managed.
- Significant revenue fluctuation in 2020 ($2,155), though it recovered in subsequent years.
Strengths
The following positive indicators were identified for Guilford Rowing Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Very low and stable liabilities (around $600), demonstrating strong financial management and minimal debt.
- Long history of IRS 990 filings (14 periods), indicating strong transparency and compliance.
- Maintains a healthy asset base relative to its operational size ($70,541 assets).
Frequently Asked Questions about Guilford Rowing Inc
Is Guilford Rowing Inc a legitimate charity?
Guilford Rowing Inc (EIN: 202542719) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $67K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Guilford Rowing Inc spend its money?
Guilford Rowing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Guilford Rowing Inc tax-deductible?
Guilford Rowing Inc is registered as a tax-exempt nonprofit (EIN: 202542719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Guilford Rowing Inc's spending goes to programs?
Guilford Rowing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Guilford Rowing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Guilford Rowing Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Guilford Rowing Inc located?
Guilford Rowing Inc is headquartered in Guilford, Connecticut and files with the IRS under EIN 202542719. It is classified under NTEE code N67.
How many years of IRS 990 filings does Guilford Rowing Inc have?
Guilford Rowing Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $67K in total revenue.
Is Guilford Rowing Inc. financially stable?
Yes, Guilford Rowing Inc. appears financially stable for its size. While it has experienced periods where expenses exceeded revenue (e.g., 2023, 2022), its liabilities have remained consistently low at approximately $600, and it maintains a healthy asset base of $70,541. The organization has a long history of operations and consistent filing.
Does Guilford Rowing Inc. pay its officers?
No, Guilford Rowing Inc. has consistently reported 0% officer compensation across all 14 available IRS 990 filings, indicating that its leadership is volunteer-based.
How has Guilford Rowing Inc.'s revenue trended?
Guilford Rowing Inc.'s revenue has generally fluctuated between $40,000 and $70,000 annually, with a notable dip to $2,155 in 2020. The latest reported revenue is $66,775, showing recovery and consistent activity.
What is the organization's debt level?
Guilford Rowing Inc. maintains a very low debt level, with liabilities consistently reported around $600 across all available filings, indicating strong financial management and minimal reliance on debt.
Filing History
IRS 990 filing history for Guilford Rowing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Guilford Rowing Inc's revenue has grown by 0.8%, moving from $46K to $46K. Total assets decreased by 49.4% over the same period, from $116K to $59K. Total functional expenses rose by 122.5%, from $21K to $48K. In its most recent filing year (2023), Guilford Rowing Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $600 in liabilities against $59K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $48K | $59K | $600 | — | — |
| 2022 | $51K | $59K | $60K | $602 | — | View 990 |
| 2021 | $51K | $47K | $67K | $600 | — | View 990 |
| 2020 | $2K | $28K | $63K | $599 | — | — |
| 2019 | $70K | $59K | $89K | $600 | — | View 990 |
| 2018 | $57K | $57K | $79K | $599 | — | View 990 |
| 2017 | $59K | $56K | $80K | $598 | — | View 990 |
| 2016 | $49K | $70K | $78K | $600 | — | View 990 |
| 2015 | $30K | $55K | $100K | $600 | — | View 990 |
| 2014 | $37K | $45K | $124K | $600 | — | View 990 |
| 2013 | $44K | $37K | $133K | $2K | — | View 990 |
| 2012 | $43K | $46K | $124K | $0 | — | View 990 |
| 2011 | $39K | $27K | $142K | $14K | — | View 990 |
| 2010 | $46K | $21K | $116K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $48K, and assets of $59K (revenue -9.6% year-over-year).
- 2022: Revenue of $51K, expenses of $59K, and assets of $60K (revenue +0.1% year-over-year).
- 2021: Revenue of $51K, expenses of $47K, and assets of $67K (revenue +2274.7% year-over-year).
- 2020: Revenue of $2K, expenses of $28K, and assets of $63K (revenue -96.9% year-over-year).
- 2019: Revenue of $70K, expenses of $59K, and assets of $89K (revenue +23.0% year-over-year).
- 2018: Revenue of $57K, expenses of $57K, and assets of $79K (revenue -3.3% year-over-year).
- 2017: Revenue of $59K, expenses of $56K, and assets of $80K (revenue +19.2% year-over-year).
- 2016: Revenue of $49K, expenses of $70K, and assets of $78K (revenue +62.1% year-over-year).
- 2015: Revenue of $30K, expenses of $55K, and assets of $100K (revenue -18.1% year-over-year).
- 2014: Revenue of $37K, expenses of $45K, and assets of $124K (revenue -15.4% year-over-year).
- 2013: Revenue of $44K, expenses of $37K, and assets of $133K (revenue +2.6% year-over-year).
- 2012: Revenue of $43K, expenses of $46K, and assets of $124K (revenue +10.0% year-over-year).
- 2011: Revenue of $39K, expenses of $27K, and assets of $142K (revenue -15.5% year-over-year).
- 2010: Revenue of $46K, expenses of $21K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guilford Rowing Inc:
Data Sources and Methodology
This transparency report for Guilford Rowing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.