WASHINGTON CLUB INC (EIN 060580785) - 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

1907

Legal Domicile

Principal Officer

TIM CLAIR

Phone

8608680376

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON CLUB INC, founded in 1907, is a community nonprofit in the Recreation & Sports sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 12% surplus.

Mission

TO CREATE EXTRAORDINARY MEMBER EXPERIENCES THROUGH SPORTING AND SOCIAL ACTIVITIES AND TO PROVIDE CAMARADERIE FOR INDIVIDUALS AND FAMILIES THAT REFLECT ALL ASPECTS OF OUR COMMUNITY.

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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 $0

Program Service Revenue $2,243,575

Investment Income $133,169

Other Revenue $514,239

TOTAL REVENUE $2,890,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,357,856

Fundraising Expenses $0

Other Expenses $1,182,097

TOTAL EXPENSES $2,539,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,890,983	$2,393,517	+0.2%
Expenses	$2,539,953	$2,348,349	+0.1%
Net Income	$351,030	$45,168	+6.8%

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
MICHAEL GORRA	PRESIDENT	4.00	Director	$0	$0	$0
SCOTT BOWMAN	VICE-PRESIDENT	4.00	Director	$0	$0	$0
TIMOTHY CLAIR	TREASURER	6.00	Director	$0	$0	$0
JACK GILPIN	SECRETARY	4.00	Director	$0	$0	$0
ETHELIND COBLIN	GOVERNOR	1.00	Director	$0	$0	$0
MARC BLAIR	GOVERNOR	1.00	Director	$0	$0	$0
MICHELE POST	GOVERNOR	1.00	Director	$0	$0	$0
MARGARET EDELMAN	GOVERNOR	1.00	Director	$0	$0	$0
EMILY FITZHUGH	GOVERNOR	1.00	Director	$0	$0	$0
COREY HARRIS	GOLF PROFESSIONAL	40.00	Highest	$148,073	$41,907	$189,980
PAUL A SMITH III	GENERAL MANAGER	40.00	Highest	$138,626	$25,943	$164,569

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	$2,890,983	$2,539,953	$3,411,125	$351,030
2023	$2,393,517	$2,348,349	$2,747,939	$45,168
2022	$2,248,572	$2,040,815	$2,611,476	$207,757
2021	$1,966,050	$1,974,653	$2,251,918	$-8,603
2020	$1,490,158	$1,370,057	$2,272,438	$120,101
2019	$1,502,562	$1,596,586	$2,151,707	$-94,024
2018	$1,527,636	$1,532,653	$2,248,866	$-5,017

WASHINGTON CLUB INC