SPA CREEK CLUB (EIN 204696119) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

Mark L Silverman

Phone

3019484979

Tax Period

2025-01-01 to 2025-12-31

SPA CREEK CLUB, founded in 1966, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2025. Net assets of $195K represent 36 months of operating reserves.

Mission

Spa Creek Club Inc. is a non-profit social club of experienced recreational sailors that enables its members to sail the Chesapeake Bay on sailboats owned and maintained by the club. The organization's principle activities include: maintaining the club's fleet of 3 sailboats, club operations and periodic boat replacement.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $60,000

Program Service Revenue $0

Investment Income $4,172

Other Revenue $869

TOTAL REVENUE $65,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,279

Other Expenses $63,267

TOTAL EXPENSES $63,267

Year-over-Year Comparison

	2025	2024	Change
Revenue	$65,041	$64,193	+0.0%
Expenses	$63,267	$45,109	+0.4%
Net Income	$1,774	$19,084	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Mike Henrickson	President	2	Officer Director	$0	$0	$0
Christopher Mills	Vice-Commodore/Secretary	0.5	Officer Director	$0	$0	$0
Mark Silverman	Treasurer	2	Officer Director	$0	$0	$0
Bruce Vogel	Boat Chair	2	Director	$0	$0	$0
John Smith	Boat Chair	2	Director	$0	$0	$0
Per Struck	Boat Chair	2	Director	$0	$0	$0
Tim Koehl	Past-President	0.25	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	$65,041	$63,267	$194,537	$1,774
2024	$64,193	$45,109	$192,763	$19,084
2023	$61,781	$57,577	$173,779	$4,204
2022	$57,962	$50,575	$169,575	$7,387
2021	$56,006	$43,838	$162,188	$12,168
2020	$55,617	$60,557	$150,020	$-4,940
2019	$67,887	$124,821	$154,960	$-56,934

SPA CREEK CLUB