SHOREWOOD ASSOCIATION INC (EIN 160634940) - 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

1918

Legal Domicile

Principal Officer

ZACHARY SLIWA

Phone

7163661880

Tax Period

2023-01-01 to 2023-12-31

SHOREWOOD ASSOCIATION INC, founded in 1918, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $566K, a strong 29% operating margin.

Mission

OPERATION OF COUNTRY 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 $0

Program Service Revenue $722,920

Investment Income $4,439

Other Revenue $1,207,856

TOTAL REVENUE $1,935,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $741,189

Fundraising Expenses $0

Other Expenses $628,006

TOTAL EXPENSES $1,369,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,935,215	$1,391,902	+0.4%
Expenses	$1,369,195	$1,274,694	+0.1%
Net Income	$566,020	$117,208	+3.8%

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

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
ZACHARY SLIWA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY HOMZA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RAYMOND CONIGLIO	TREASURER	1.00	Officer Director	$0	$0	$0
JEREMY MCAFEE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID DENGLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
STEVEN ZATORSKI	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROB MCAFEE	DIRECTOR	1.00	Officer Director	$0	$0	$0
TONY NASCA	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID BROWN	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARGARET STANDING	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,935,215	$1,369,195	$1,791,998	$566,020
2022	$1,391,902	$1,274,694	$1,142,385	$117,208
2021	$1,468,717	$1,186,458	$1,114,402	$282,259
2020	$1,109,949	$1,036,953	$903,614	$72,996
2020	$1,032,515	$1,036,953	$826,180	$-4,438

SHOREWOOD ASSOCIATION INC