THIRD WARD SOCIAL CLUB (EIN 361860277) - 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

1942

Legal Domicile

Principal Officer

PETER RADABAUGH

Phone

6304846024

Tax Period

2024-01-01 to 2024-12-31

THIRD WARD SOCIAL CLUB, founded in 1942, is a small nonprofit in the Recreation & Sports sector that reported $255K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $225K left a modest 12% surplus.

Mission

PROVIDES COMMON MEMBERSHIP FOR INDIVIDUALS WITH COMMON INTEREST AND BELIEFS. PROVIDES THE USE OF CLUB FACILITIES BY THE MEMBERSHIP TO PROMOTE AND IMPROVE NEIGHBORHOOD ACTIVITIES AND PROMOTE PARTICIPATION FOR YOUTHS IN THE CLUB AND THE SURROUNDING AREAS.

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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 $12,565

Investment Income $12,835

Other Revenue $230,067

TOTAL REVENUE $255,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,186

Fundraising Expenses $0

Other Expenses $154,465

TOTAL EXPENSES $224,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,467	$437,080	-0.4%
Expenses	$224,651	$263,076	-0.1%
Net Income	$30,816	$174,004	-0.8%

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

250

Independent Members

250

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
GERALD IVERSON	TREASURER	N/A	Officer	$0	$0	$0
JOEL WYETH	PRESIDENT	N/A	Officer	$0	$0	$0
PETER RADABAUGH	SECRETARY	N/A	Officer	$0	$0	$0
BYRNES MCGEE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID S DADY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES GATES	DIRECTOR	N/A	Director	$0	$0	$0
BRANDY HARDEKOPF	DIRECTOR	N/A	Director	$0	$0	$0
MIKE LEON	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVE TELLNER	DIRECTOR	N/A	Director	$0	$0	$0
LORENZO LECHUGA	DIRECTOR	N/A	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	$255,467	$224,651	$1,000,488	$30,816
2023	$437,080	$263,076	$989,880	$174,004
2022	$232,509	$226,376	$792,322	$6,133
2021	$268,081	$208,459	$780,460	$59,622
2020	$154,171	$176,885	$727,038	$-22,714
2019	$270,285	$267,341	$756,656	$2,944
2018	$255,937	$271,589	$763,332	$-15,652

THIRD WARD SOCIAL CLUB