GREENFIELDS SWIMMING CLUB INC

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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

1958

Legal Domicile

Principal Officer

ROBERT BEST

Phone

8568459800

Tax Period

2023-11-01 to 2024-10-31

GREENFIELDS SWIMMING CLUB INC, founded in 1958, is a small nonprofit that reported $310K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $382K exceeded revenue, resulting in a 23% operating deficit.

Mission

SUMMER SWIM CLUB AND SWIM TEAM FOR MEMBERS.

Program Service Accomplishments

Program 1

THE CLUB MAINTAINS THREE SWIMMING POOLS FOR USE OF GENERAL MEMBERSHIP- 425 BOND HOLDING FAMILIES.

Program 2

THE CLUB PROVIDES FACILITIES FOR SUMMER SWIM TEAM FOR MEMBER CHILDREN.

Program 3

THE CLUB MAINTAINS ONE PRACTICE TENNIS COURT AS WELL AS FOUR COURTS FOR MEMBER USAGE.

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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 $268,048

Program Service Revenue $16,793

Investment Income $0

Other Revenue $25,318

TOTAL REVENUE $310,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,190

Fundraising Expenses $0

Other Expenses $239,870

TOTAL EXPENSES $382,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,159	$371,192	-0.2%
Expenses	$382,060	$363,385	+0.1%
Net Income	$-71,901	$7,807	-10.2%

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
David Floyd	President	15.00	Officer Director	$0	$0	$0
Matthew Sprang	Treasurer	15.00	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
2024	$310,159	$382,060	$186,462	$-71,901
2023	$371,192	$363,385	$251,986	$7,807
2022	$355,190	$388,223	$260,087	$-33,033
2021	$311,923	$313,638	$303,181	$-1,715
2020	$280,467	$271,311	$181,607	$9,156
2019	$388,615	$372,261	$176,726	$16,354