FALMOUTH RUNNING CLUB CORPORATION (EIN 042781233) - 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

1977

Legal Domicile

Principal Officer

JACK AFARIAN

Phone

5086819949

Tax Period

2024-01-01 to 2024-12-31

FALMOUTH RUNNING CLUB CORPORATION, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $170K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $40K, a strong 24% operating margin.

Mission

ENCOURAGE YOUTH AS WELL AS ADULTS TO RUN AND WALK FOR COMPETITION, RECREATION, FITNESS AND PLEASURE. ALSO PROVIDE SCHOLARSHIPS TO SELECTED GRADUATING HIGH SCHOOL STUDENTS, AND DONATIONS TO LOCAL CHARITABLE ORGANIZATIONS IN THE FALMOUTH, MASSACHUSETTS AREA.

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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 $12,101

Program Service Revenue $1,763

Investment Income $4,791

Other Revenue $151,011

TOTAL REVENUE $169,666

Expense Breakdown

Grants Paid $38,700

Salaries & Benefits $32,485

Fundraising Expenses $0

Program Expenses $113,544

Other Expenses $58,337

TOTAL EXPENSES $129,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,666	$147,092	+0.2%
Expenses	$129,522	$115,229	+0.1%
Net Income	$40,144	$31,863	+0.3%

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
JACK AFARIAN	PRESIDENT	005.00	Officer Director	$0	$0	$0
CHRIS LANGLAIS	TREASURER	005.00	Officer Director	$0	$0	$0
KATHY MACDONALD	SECRETARY	005.00	Officer Director	$0	$0	$0
RON CHAPMAN	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
TASHA WHITED	DIRECTOR	001.00	Director	$0	$0	$0
DIANA CLARK	DIRECTOR	001.00	Director	$0	$0	$0
ADRIA BODELL	DIRECTOR	001.00	Director	$0	$0	$0
DORI GRAY	DIRECTOR	001.00	Director	$0	$0	$0
JOE SENNOTT	DIRECTOR	001.00	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	$169,666	$129,522	$229,470	$40,144
2023	$147,092	$115,229	$189,326	$31,863
2022	$32,081	$101,020	$157,463	$-68,939
2021	$158,509	$64,149	$226,402	$94,360
2020	$55,588	$74,253	$124,821	$-18,665
2019	$127,021	$118,927	$143,486	$8,094
2018	$106,566	$133,730	$135,392	$-27,164

FALMOUTH RUNNING CLUB CORPORATION