Saratoga Rowing Association Inc

Saratoga Rowing Association Inc maintains strong financial health with consistent revenue and no reported officer compensation.

EIN: 141810944 · Saratoga Spgs, NY · NTEE: N67 · Updated: 2026-03-28

$1.7MRevenue

$3.5MAssets

92/100Mission Score (Excellent)

N67

About Saratoga Rowing Association Inc

Saratoga Rowing Association Inc (EIN: 141810944) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code N67. The organization reported total revenue of $1.7M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saratoga Rowing Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Saratoga Rowing Association Inc demonstrates consistent financial health with stable revenue streams and prudent expense management over the past decade. For the most recent period (202312), the organization reported revenues of $1,795,371 against expenses of $1,721,311, resulting in a surplus. Their assets have also shown steady growth, reaching $3,637,377 in 2023, indicating good financial stewardship and capacity. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.

The spending efficiency appears strong, particularly given the consistent reporting of no officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the majority of funds are directed towards their mission. The organization's liabilities have remained manageable relative to its assets, further reinforcing its financial stability.

In terms of transparency, the consistent filing of IRS 990 forms over 13 periods is commendable. The absence of officer compensation is a significant positive for transparency, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which would require further investigation to fully understand. Overall, Saratoga Rowing Association Inc appears to be a financially sound and transparent organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Saratoga Rowing Association Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Saratoga Rowing Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is highly unusual for an organization of this size with over $1.7 million in annual revenue.

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 Saratoga Rowing Association Inc's IRS 990 filings:

Consistent 0% officer compensation for an organization with over $1.7M in revenue could indicate compensation is reported in other categories or that key leadership is entirely volunteer, which warrants further investigation for complete understanding of compensation practices.

Strengths

The following positive indicators were identified for Saratoga Rowing Association Inc:

Consistent financial surpluses in most years (e.g., $1,795,371 revenue vs. $1,721,311 expenses in 2023).
Steady growth in assets, from $2,871,892 in 2014 to $3,637,377 in 2023, indicating strong financial health.
No reported officer compensation across all available filings, suggesting a strong commitment to mission-focused spending.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Manageable liabilities relative to assets, indicating good financial management (e.g., $153,773 liabilities vs. $3,637,377 assets in 2023).

Frequently Asked Questions about Saratoga Rowing Association Inc

Is Saratoga Rowing Association Inc a good charity?

Based on the provided financial data, Saratoga Rowing Association Inc appears to be a financially healthy and well-managed organization with consistent revenue, growing assets, and a notable absence of reported officer compensation, suggesting a strong focus on its mission.

How does Saratoga Rowing Association Inc manage its executive compensation?

The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of its size. This suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, warranting further inquiry for full transparency.

What is the trend in Saratoga Rowing Association Inc's financial stability?

Saratoga Rowing Association Inc demonstrates strong financial stability, with revenues consistently exceeding expenses in most years (e.g., $1,795,371 revenue vs. $1,721,311 expenses in 2023) and steadily increasing assets from $2,871,892 in 2014 to $3,637,377 in 2023.

Filing History

IRS 990 filing history for Saratoga Rowing Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2023), Saratoga Rowing Association Inc's revenue has grown by 98.2%, moving from $906K to $1.8M. Total assets increased by 66% over the same period, from $2.2M to $3.6M. Total functional expenses rose by 117%, from $793K to $1.7M. In its most recent filing year (2023), Saratoga Rowing Association Inc reported a surplus of $74K, with revenue exceeding expenses. The organization holds $154K in liabilities against $3.6M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $3.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.8M	$1.7M	$3.6M	$154K	—	—
2022	$1.6M	$1.4M	$3.6M	$212K	—	View 990
2020	$735K	$903K	$3.4M	$258K	—	View 990
2019	$1.6M	$1.6M	$3.5M	$179K	—	View 990
2018	$1.6M	$1.6M	$3.6M	$267K	—	View 990
2017	$1.5M	$1.4M	$3.6M	$399K	—	View 990
2016	$1.4M	$1.3M	$3.7M	$494K	—	View 990
2015	$1.5M	$1.2M	$3.2M	$80K	—	View 990
2014	$1.4M	$1.1M	$2.9M	$104K	—	View 990
2013	$1.2M	$969K	$2.9M	$361K	—	View 990
2012	$910K	$813K	$2.4M	$77K	—	View 990
2011	$780K	$737K	$2.2M	$43K	—	View 990
2010	$906K	$793K	$2.2M	$46K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.8M, expenses of $1.7M, and assets of $3.6M (revenue +14.8% year-over-year).
2022: Revenue of $1.6M, expenses of $1.4M, and assets of $3.6M (revenue +112.7% year-over-year).
2020: Revenue of $735K, expenses of $903K, and assets of $3.4M (revenue -54.5% year-over-year).
2019: Revenue of $1.6M, expenses of $1.6M, and assets of $3.5M (revenue -1.4% year-over-year).
2018: Revenue of $1.6M, expenses of $1.6M, and assets of $3.6M (revenue +10.6% year-over-year).
2017: Revenue of $1.5M, expenses of $1.4M, and assets of $3.6M (revenue +5.4% year-over-year).
2016: Revenue of $1.4M, expenses of $1.3M, and assets of $3.7M (revenue -8.6% year-over-year).
2015: Revenue of $1.5M, expenses of $1.2M, and assets of $3.2M (revenue +12.9% year-over-year).
2014: Revenue of $1.4M, expenses of $1.1M, and assets of $2.9M (revenue +10.6% year-over-year).
2013: Revenue of $1.2M, expenses of $969K, and assets of $2.9M (revenue +35.6% year-over-year).
2012: Revenue of $910K, expenses of $813K, and assets of $2.4M (revenue +16.7% year-over-year).
2011: Revenue of $780K, expenses of $737K, and assets of $2.2M (revenue -13.9% year-over-year).
2010: Revenue of $906K, expenses of $793K, and assets of $2.2M.

Data Sources and Methodology

This transparency report for Saratoga Rowing Association 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.