Springfield Swim Club

EIN: 231488912

Springfield, PA

Total Revenue
$395,225
Total Expenses
$311,214
Total Assets
$1,323,512
Net Assets
$1,224,920
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
PA
Principal Officer
Jeff Reynolds
Phone
6106901706
Tax Period
2020-11-01 to 2021-10-31

Springfield Swim Club, founded in 1954, is a small nonprofit that reported $395K in total revenue in fiscal year 2020. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 21% operating margin.

Mission

The Club is organized under the laws of the Commonwealth of Pennsylvania as a non-profit organization to promote, finance, lease, own, operate maintain recreational and educational facilities, including a swimming pool, together with such incidental objects as are appropriate to the conduct of its activities, for the exclusive use of its members and their 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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $295,745
Program Service Revenue $0
Investment Income $73,839
Other Revenue $25,641
TOTAL REVENUE $395,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,248
Fundraising Expenses $0
Program Expenses $311,214
Other Expenses $215,966
TOTAL EXPENSES $311,214

Year-over-Year Comparison

2020 2019 Change
Revenue $395,225 $265,405 +0.5%
Expenses $311,214 $256,623 +0.2%
Net Income $84,011 $8,782 +8.6%
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

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Governance

Voting Members
14
Independent Members
14
Employees
44
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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen Newnam Board Member 005.00
Director
$0 $0 $0
Jarrod Schoffler Board Member 005.00
Director
$0 $0 $0
John Barber Board Member 005.00
Director
$0 $0 $0
Dana Borelli Board Member 005.00
Director
$0 $0 $0
Noel Peranteau Director 005.00
Director
$0 $0 $0
Patrick Shea Director 005.00
Director
$0 $0 $0
Michael Theiss Board Member 005.00
Director
$0 $0 $0
Chris Breslin Board Member 005.00
Director
$0 $0 $0
Kevin Melesky Board Member 005.00
Director
$0 $0 $0
Ronald Beradocco Board Member 010.00
Director
$0 $0 $0
John Kerrigan Board Member 005.00
Director
$0 $0 $0
Jeffrey Merlino Director 005.00
Director
$0 $0 $0
Andrew Kutufaris Secretary/Treasurer 005.00
Officer
$0 $0 $0
Jeff Reynolds President 010.00
Officer
$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
2021 $395,225 $311,214 $1,323,512 $84,011
2018 $294,325 $263,297 $997,354 $31,028
2017 $300,003 $258,278 $965,857 $41,725
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