WESTERN SPRINGS SERVICE CLUB (EIN 362268271) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

PHIL RICHARD

Phone

7082460491

Tax Period

2023-11-01 to 2024-10-31

WESTERN SPRINGS SERVICE CLUB, founded in 1956, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $168K, a strong 16% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE A COMMUNITY SWIMMING POOL AND ITS RELATED SWIMMING PROGRAMS. THE POOL OPERATIONS ARE AVAILABLE TO THE WESTERN SPRINGS COMMUNITY FROM JUNE 1 THROUGH SEPTEMBER 1 OR THE WEEKEND ENDING WITH THE LABOR DAY HOLIDAY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $979,156

Investment Income $55,471

Other Revenue $0

TOTAL REVENUE $1,034,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,619

Fundraising Expenses $0

Other Expenses $433,975

TOTAL EXPENSES $866,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,034,627	$1,136,817	-0.1%
Expenses	$866,594	$737,971	+0.2%
Net Income	$168,033	$398,846	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

111

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
BILL GROETSEMA	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATE MINNEMA	BOARD MEMBER	10.00	Director	$0	$0	$0
JEN CAHILL	BOARD MEMBER	10.00	Director	$0	$0	$0
PHIL RICHARD	TREASURER	10.00	Officer Director	$0	$0	$0
CHARLES WOODING	BOARD MEMBER	10.00	Director	$0	$0	$0
MIKE OBLOY	BOARD MEMBER	10.00	Director	$0	$0	$0
KIM RAPACKI	SECRETARY	10.00	Officer Director	$0	$0	$0
BALAZS HUNEK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
GRETCHEN KULAT	BOARD MEMBER	10.00	Director	$0	$0	$0
AUBREY IGNACE	BOARD MEMBER	10.00	Director	$0	$0	$0
CRAIG SQUILLACE	BOARD MEMBER	10.00	Director	$0	$0	$0
LAUREN CORA	BOARD MEMBER	10.00	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
2024	$1,034,627	$866,594	$2,008,388	$168,033
2023	$1,136,817	$737,971	$2,461,986	$398,846
2022	$1,031,461	$527,010	$2,719,808	$504,451
2021	$817,003	$534,091	$1,608,769	$282,912

WESTERN SPRINGS SERVICE CLUB