CHATHAM BEACH & TENNIS CLUB INC (EIN 041171225) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

KIMBERLY FORMISANO

Phone

5089452200

Tax Period

2024-01-01 to 2024-12-31

CHATHAM BEACH & TENNIS CLUB INC, founded in 1927, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $985K left a modest 11% surplus.

Mission

TO PROVIDE TENNIS LESSONS AND PROMOTE THE KNOWLEDGE OF TENNIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $610,632

Program Service Revenue $188,410

Investment Income $14,548

Other Revenue $295,612

TOTAL REVENUE $1,109,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $463,877

Fundraising Expenses $343,293

Other Expenses $520,718

TOTAL EXPENSES $984,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,109,202	$1,004,608	+0.1%
Expenses	$984,595	$858,964	+0.1%
Net Income	$124,607	$145,644	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMERON TAYLOR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRISTINE KING	TREASURER	N/A	Officer Director	$0	$0	$0
AMEILA MCCARTHY	SECRETARY	N/A	Officer Director	$0	$0	$0
KIMBERLY FORMISANO	PRESIDENT	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,109,202	$984,595	$1,839,788	$124,607
2023	$1,004,608	$858,964	$1,718,909	$145,644
2022	$908,396	$861,555	$1,529,582	$46,841
2021	$1,032,909	$834,462	$1,487,176	$198,447
2020	$585,388	$599,637	$1,295,879	$-14,249
2019	$767,735	$716,344	$1,291,440	$51,391
2018	$554,947	$530,845	$1,250,874	$24,102

CHATHAM BEACH & TENNIS CLUB INC