THE CENTURY TOWER RACQUET CLUB C/O THE OLNICK ORGANIZATION

EIN: 132833306

NEW YORK, NY

Total Revenue
$-2,771
Total Expenses
$3,804
Total Assets
$46,925
Net Assets
$-109,050
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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
1975
Legal Domicile
NY
Principal Officer
PHILIP COHEN
Phone
2128352400
Tax Period
2023-01-01 to 2023-12-31

THE CENTURY TOWER RACQUET CLUB C/O THE OLNICK ORGANIZATION, founded in 1975, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023.

Mission

TO MAINTAIN A SPORTS FACILITY FOR THE GENERAL PUBLIC

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $489
Other Revenue $-3,260
TOTAL REVENUE $-2,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,804
TOTAL EXPENSES $3,804

Year-over-Year Comparison

2023 2022 Change
Revenue $-2,771 $-9,048 -0.7%
Expenses $3,804 $4,696 -0.2%
Net Income $-6,575 $-13,744 -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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LANE PRESIDENT, DIRECTOR 0.00
Officer Director
$0 $0 $0
PHILIP COHEN CFO 0.00
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
2023 $-2,771 $3,804 $46,925 $-6,575
2022 $-9,048 $4,696 $53,567 $-13,744
2021 $-5,315 $5,338 $78,791 $-10,653
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