TEANECK SWIM CLUB INC (EIN 222138641) - 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

1977

Legal Domicile

Principal Officer

BARRY OBUT

Phone

2018361977

Tax Period

2022-12-01 to 2023-11-30

TEANECK SWIM CLUB INC, founded in 1977, is a small nonprofit that reported $302K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $399K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO MAKE AVAILABLE TO ALL RESIDENTS OF TEANECK SWIMMING FACILITIES ON A COOPERATIVE BASIS BY PROVIDING RECREATIONAL FACILITIES FOR UP TO 850 FAMILIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $293,953

Investment Income $1,803

Other Revenue $6,375

TOTAL REVENUE $302,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,056

Fundraising Expenses $0

Program Expenses $390,278

Other Expenses $226,085

TOTAL EXPENSES $399,141

Year-over-Year Comparison

	2022	2021	Change
Revenue	$302,131	$341,528	-0.1%
Expenses	$399,141	$416,632	0.0%
Net Income	$-97,010	$-75,104	+0.3%

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
BARRY OBUT	PRESIDENT	10.00	Officer Director	$0	$0	$0
NICOLE CHANDLER	TRUSTEE	10.00	Officer Director	$0	$0	$0
KAREN SACKS	SECRETARY	10.00	Officer Director	$0	$0	$0
TIKVA YUDKOWITZ	TREASURER	10.00	Officer Director	$0	$0	$0
LAWRENCE FISHMAN	TRUSTEE	2.00	Director	$0	$0	$0
KEITH KAPLAN	VICE PRESIDENT	4.00	Director	$0	$0	$0
CHERYL SHIBER	TRUSTEE	2.00	Director	$0	$0	$0
LOIS ELTING	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL DOWNIE	TRUSTEE	2.00	Director	$0	$0	$0
SUE FEURSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL ROBINSON	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$302,131	$399,141	$364,958	$-97,010
2022	$341,528	$416,632	$483,743	$-75,104
2021	$404,582	$338,103	$546,647	$66,479
2020	$276,426	$352,454	$516,518	$-76,028
2019	$346,112	$360,483	$544,347	$-14,371
2018	$363,336	$367,712	$599,520	$-4,376

TEANECK SWIM CLUB INC