PRINCETON NATIONAL ROWING ASSOCIATION
Mission Statement
The Mission of the Princeton National Rowing Association is to provide a venue where athletes of all ages, talents and background have the opportunity to develop their rowing abilities to their highest potential. We will do this by: Maintaining and constantly seeking to improve one of the nation's premier rowing venues; Providing a world class training facility for all PNRA constituent including Olympic and elite team members, local students and Masters rowers; Promoting opportunities for area youth to excel in the sport of rowing; Conducting top level regattas and events; and Supporting community development across greater Mercer County through targeted rowing programs.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.4% | 87.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.8% | 9.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.9% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
55.1 mo | 7.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.7% | 11.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.1% | 90.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
167.2% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.9% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
67.2% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $5.1M | $1.7M | $7.6M | 92.4% | 68 |
| 2024 | $1.9M | $1.6M | $4.4M | 92.0% | 44 |
| 2023 | $1.8M | $1.6M | $4.1M | 91.9% | 44 |
| 2022 | $1.6M | $1.5M | $3.9M | 85.2% | 38 |
| 2021 | $1.2M | $1.1M | N/A | — | 27 |
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