AKRON TURNER CLUB

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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

1885

Legal Domicile

Principal Officer

JEFF LADESIC

Phone

3306289589

Tax Period

2024-01-01 to 2024-12-31

AKRON TURNER CLUB, founded in 1885, is a small nonprofit in the Mutual Benefit sector that reported $584K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247K, a strong 42% operating margin.

Mission

A SOCIAL & RECREATIONAL CLUB OFFERING FAMILIES ORGANIZED ACTIVITIES & EQUIPMENT FOR SPORTS, RECREATION & SOCIALIZING TO PROMOTE THE PHYSICAL, MENTAL AND MORAL ADVANCEMENT OF ALL MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $179,291

PROMOTION & MANAGEMENT OF A SOCIAL & RECREATIONAL MEMBERSHIP CLUB WITH A 2024 MEMBERSHIP OF 827. MAINTENANCE OF THE CLUBHOUSE FACILITY WITH DINING AND BEVERAGE SERVICES, OUTDOOR SPORTSFIELDS, FISHING...

Program 2

Expenses: $40,278

ORGANIZING AND PROMOTING FAMILY ACTIVITIES & SPORTING EVENTS WITH INDIVIDUAL AND TEAM PLAY. PROVIDING FURNITURE & EQUIPMENT FOR INDOOR AND OUTDOOR ACTIVITIES, RECREATION GYM AND SOCIAL EVENTS.

Program 3

Expenses: $211,504

PROVIDE MONETARY DONATIONS TO LOCAL COMMUNITY TALLMADGE ATHLETIC BOOSTER CLUB TO SUPPORT HIGH SCHOOL SPORTS ACTIVITIES AND BUILDING OF A NEW STADIUM. FUNDRAISERS ACTIVITIES ALLOCATED TO DEYARMIN...

PROVIDE MONETARY DONATIONS TO LOCAL COMMUNITY TALLMADGE ATHLETIC BOOSTER CLUB TO SUPPORT HIGH SCHOOL SPORTS ACTIVITIES AND BUILDING OF A NEW STADIUM. FUNDRAISERS ACTIVITIES ALLOCATED TO DEYARMIN FOUNDATION VETERANS ORGANIZATION. A COLLEGE SCHOLARSHIP AWARDED TO AN INDIVIDUAL HIGH SCHOOL SENIOR OF 200

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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 $45,640

Program Service Revenue $0

Investment Income $2,808

Other Revenue $535,108

TOTAL REVENUE $583,556

Expense Breakdown

Grants Paid $105,752

Salaries & Benefits $78,901

Fundraising Expenses $0

Program Expenses $431,073

Other Expenses $152,197

TOTAL EXPENSES $336,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,556	$406,278	+0.4%
Expenses	$336,850	$297,280	+0.1%
Net Income	$246,706	$108,998	+1.3%

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
JEFF LADESIC	PRESIDENT	N/A	Officer	$0	$0	$0
MARGIE GEORGE	SECRETARY	N/A	Officer	$0	$0	$0
KELLY WHITMER	TREASURER	N/A	Officer	$0	$0	$0
ERIC TATGENHORST	VICE PRESIDE	N/A	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
2024	$583,556	$336,850	$726,164	$246,706
2023	$406,278	$297,280	$479,570	$108,998
2022	$154,910	$195,724	$370,722	$-40,814
2021	$257,422	$198,087	$409,354	$59,335
2020	$139,635	$154,902	$350,019	$-15,267
2019	$172,996	$176,400	$375,855	$-3,404
2018	$153,050	$174,292	$372,634	$-21,242