THE CLEVELAND RACQUET CLUB INC

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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

1964

Legal Domicile

Principal Officer

DAN BERGRIN

Phone

2168312155

Tax Period

2023-10-01 to 2024-09-30

THE CLEVELAND RACQUET CLUB INC, founded in 1964, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 11% surplus.

Mission

THE CLEVELAND RACQUET CLUB, INC. (THE CLUB) WAS ESTABLISHED IN 1964. THE CLUB'S MAIN OBJECTIVE IS TO PROMOTE GREATER INTEREST IN RACQUET SPORTS, THE CREATION OF NEW ASSOCIATIONS, FAMILY ENJOYMENT, AND THE DEVELOPMENT OF BETTER RACQUET SKILL AND COMPETITIVE PLAY.

Program Service Accomplishments

Program 1

Expenses: $6,224,325

PROMOTING RACQUET SPORTS AND PROVIDING FAMILIES AND GUESTS WITH QUALITY FACILITIES FOR RACQUET BALL SPORTS AND FAMILY ENJOYMENT. AT SEPTEMBER 30, 2024, THE CLUB HAD 676 ACTIVE MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,748,084

Investment Income $-21,392

Other Revenue $509,695

TOTAL REVENUE $7,236,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,142,646

Fundraising Expenses $0

Program Expenses $6,224,325

Other Expenses $2,289,035

TOTAL EXPENSES $6,431,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,236,387	$6,464,988	+0.1%
Expenses	$6,431,681	$5,441,708	+0.2%
Net Income	$804,706	$1,023,280	-0.2%

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

157

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
JENNY PETERMAN	TRUSTEE	1.00	Director	$0	$0	$0
JENN WRUBEL	TRUSTEE	1.00	Director	$0	$0	$0
DAVE WOLFE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE TAMARKIN	TRUSTEE	1.00	Director	$0	$0	$0
JEAN KOEHLER	TRUSTEE	1.00	Director	$0	$0	$0
DAN BERGRIN	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD GOODBAN	TRUSTEE	1.00	Director	$0	$0	$0
LEN KOMOROSKI	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN MIKLUS	TRUSTEE	1.00	Director	$0	$0	$0
JON OUTCALT	PRESIDENT	1.00	Officer	$0	$0	$0
BRUCE BAUM	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ELLEN SCHMIDT	SECRETARY	1.00	Officer	$0	$0	$0
MIKE BUETTNER	DIRECTOR OF FACILITIES	40.00	Highest	$133,269	$0	$133,269

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	$7,236,387	$6,431,681	$6,281,320	$804,706
2023	$6,464,988	$5,441,708	$5,742,296	$1,023,280
2022	$5,673,833	$4,422,010	$4,701,814	$1,251,823
2021	$4,870,825	$4,344,073	$3,295,570	$526,752
2020	$4,378,310	$4,259,135	$3,094,617	$119,175
2019	$4,867,122	$4,824,335	$3,089,130	$42,787
2018	$4,897,991	$4,690,601	$3,141,143	$207,390