TENNIS AND RACQUET CLUB (EIN 041896790) - 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

1902

Legal Domicile

Principal Officer

MATTHEW MITCHELL

Phone

6175364630

Tax Period

2023-10-01 to 2024-09-30

TENNIS AND RACQUET CLUB, founded in 1902, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENCOURAGE RACQUET SPORTS AND SOCIAL EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $833,780

Program Service Revenue $284,487

Investment Income $4

Other Revenue $142,449

TOTAL REVENUE $1,260,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $857,885

Fundraising Expenses $0

Other Expenses $637,717

TOTAL EXPENSES $1,495,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,260,720	$1,523,383	-0.2%
Expenses	$1,495,602	$2,026,007	-0.3%
Net Income	$-234,882	$-502,624	-0.5%

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
MATTHEW MITCHELL	PRESIDENT	1.00	Director	$0	$0	$0
DEVENS H HAMLEN	GOVERNOR	0.30	Director	$0	$0	$0
DAVID KOHN	TREASURER	0.30	Director	$0	$0	$0
DAVID TEDESCHI	SECRETARY	0.30	Director	$0	$0	$0
ANDREW ROBERTS	GOVERNOR	0.30	Director	$0	$0	$0
EDWARD MARTIN	GOVERNOR	0.30	Director	$0	$0	$0
JEFFREY HORINE	GOVERNOR	0.30	Director	$0	$0	$0
KATHY PUGH	GOVERNOR	0.30	Director	$0	$0	$0
LUCAS WALSH	GOVERNOR	0.30	Director	$0	$0	$0
ANDREW PEABODY	GOVERNOR	0.30	Director	$0	$0	$0
DAVID DESIMONE	GOVERNOR	0.30	Director	$0	$0	$0
PETER BOAL	GOVERNOR	0.30	Director	$0	$0	$0
JOHN LEVIS	GOVERNOR	0.30	Director	$0	$0	$0
JESSICA DRISLANE	GOVERNOR	0.30	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	$1,260,720	$1,495,602	$1,410,590	$-234,882
2023	$1,523,383	$2,026,007	$1,569,015	$-502,624
2022	$1,088,260	$1,380,093	$1,826,188	$-291,833
2021	$1,126,682	$1,326,341	$1,909,646	$-199,659
2020	$999,650	$1,429,104	$1,961,293	$-429,454
2019	$1,305,865	$1,580,793	$2,158,767	$-274,928
2018	$1,332,645	$1,503,390	$2,366,407	$-170,745

TENNIS AND RACQUET CLUB