Heritage Pool and Racquet Club (EIN 042442699) - 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

1968

Legal Domicile

Principal Officer

Michael Smith

Phone

9783695199

Tax Period

2023-01-01 to 2023-12-31

Heritage Pool and Racquet Club, founded in 1968, is a small nonprofit in the Recreation & Sports sector that reported $615K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $544K left a modest 12% surplus.

Mission

The Heritage Pool & Racquet Club is a private, cooperative swimming tennis club.

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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 $388,100

Program Service Revenue $223,000

Investment Income $2,000

Other Revenue $2,100

TOTAL REVENUE $615,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,600

Fundraising Expenses $0

Other Expenses $339,600

TOTAL EXPENSES $544,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$615,200	$548,400	+0.1%
Expenses	$544,200	$558,900	0.0%
Net Income	$71,000	$-10,500	-7.8%

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

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
Ward Christopher	President	4.00	Officer Director	$0	$0	$0
Valle Thomas	Vice President	4.00	Officer Director	$0	$0	$0
Smith Michael	Treasurer	2.00	Officer Director	$0	$0	$0
Solar Lauren	Clerk	2.00	Officer Director	$0	$0	$0
Hollywood Mike	Director	1.00	Director	$0	$0	$0
McCullough Dawn	Director	1.00	Director	$0	$0	$0
Ramirez Kate	Director	1.00	Director	$0	$0	$0
Reynolds Susan	Director	1.00	Director	$0	$0	$0
Root Candace	Director	1.00	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	No data	No data	No data	No data
2023	$615,200	$544,200	$1,526,000	$71,000
2022	$548,400	$558,900	$1,460,300	$-10,500
2021	$504,700	$510,000	$1,522,600	$-5,300
2020	$471,200	$444,200	$1,565,000	$27,000
2019	$499,200	$486,100	$1,589,500	$13,100
2018	$468,700	$471,600	$1,617,400	$-2,900

Heritage Pool and Racquet Club