Swim and Racquet Club Inc (EIN 310651443) - 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

1960

Legal Domicile

Principal Officer

Norm Harbison

Phone

6144513762

Tax Period

2024-11-01 to 2025-10-31

Swim and Racquet Club Inc, founded in 1960, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 8% surplus.

Mission

To provide recreational and special activities for its members, particularly through the promotion of swimming and tennis.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,390,190

Investment Income $12,584

Other Revenue $13,993

TOTAL REVENUE $1,416,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,439

Fundraising Expenses $0

Program Expenses $794,111

Other Expenses $767,075

TOTAL EXPENSES $1,304,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,416,767	$1,264,639	+0.1%
Expenses	$1,304,514	$1,159,665	+0.1%
Net Income	$112,253	$104,974	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Norm Harbison	Treasurer	1.00	Officer Director	$0	$0	$0
Lois Dosky	Board Member	1.00	Director	$0	$0	$0
Kyle Bickhart	President	1.00	Officer Director	$0	$0	$0
Derek Hunter	Board Member	1.00	Director	$0	$0	$0
Terri Curcio	Board Member	1.00	Director	$0	$0	$0
Doug Verhoff	Vice President	1.00	Officer Director	$0	$0	$0
Linda Jones	Secretary	1.00	Officer Director	$0	$0	$0
Leo Svoboda	Board Member	1.00	Director	$0	$0	$0
Mike Schantz	Board Member	1.00	Director	$0	$0	$0
Beth Wagner	Board Member	1.00	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	$1,416,767	$1,304,514	$3,691,358	$112,253
2024	$1,264,639	$1,159,665	$2,874,229	$104,974
2023	$1,383,203	$1,156,058	$2,832,123	$227,145
2022	$1,163,525	$1,102,711	$2,677,814	$60,814
2021	$1,168,923	$1,028,534	$2,726,531	$140,389
2020	$971,703	$928,374	$2,272,939	$43,329

Swim and Racquet Club Inc