THE RACQUETS CLUB OF SHORT HILLS NJ (EIN 221217160) - 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

1929

Legal Domicile

Principal Officer

NIC VOLPICELLI

Phone

9733796080

Tax Period

2024-04-01 to 2025-03-31

THE RACQUETS CLUB OF SHORT HILLS NJ, founded in 1929, is a small nonprofit that reported $987K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE RACQUETS CLUB OF SHORT HILLS N.J. ("THE CLUB") OPERATES A RACQUETS CLUB AND OFFERS SWIMMING, TENNIS AND OTHER RELATED SOCIAL ACTIVITIES TO ITS MEMBERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $620,525

Investment Income $0

Other Revenue $366,607

TOTAL REVENUE $987,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,730

Fundraising Expenses $0

Other Expenses $601,811

TOTAL EXPENSES $1,257,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$987,132	$1,111,937	-0.1%
Expenses	$1,257,541	$1,277,585	0.0%
Net Income	$-270,409	$-165,648	+0.6%

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

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
GINA SMITH	PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT ROSKELL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
NIC VOLPICELLI	TREASURER	5.00	Officer Director	$0	$0	$0
MARISSA SCALZETTI	SECRETARY	5.00	Officer Director	$0	$0	$0
LELAND BUNCH	TRUSTEE	5.00	Director	$0	$0	$0
MATTHEW BRETT	TRUSTEE	5.00	Director	$0	$0	$0
JOANNA PARKER-LENTZ	TRUSTEE	5.00	Director	$0	$0	$0
GIDEON ALPERT	TRUSTEE	5.00	Director	$0	$0	$0
DEEPA KRISHNAN	TRUSTEE	5.00	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	$987,132	$1,257,541	$981,550	$-270,409
2024	$1,111,937	$1,277,585	$1,230,270	$-165,648
2023	$1,144,069	$1,239,513	$1,164,107	$-95,444
2022	$1,132,191	$1,123,803	$1,290,400	$8,388
2021	$957,850	$936,028	$1,311,803	$21,822
2020	$1,070,160	$1,121,662	$1,167,230	$-51,502
2019	$1,122,041	$1,117,006	$1,270,561	$5,035

THE RACQUETS CLUB OF SHORT HILLS NJ