FARMSTEAD SWIM AND RACQUET 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

Legal Domicile

Principal Officer

RICARDO ORTEGA

Phone

6305489600

Tax Period

2023-11-01 to 2024-10-31

FARMSTEAD SWIM AND RACQUET CLUB is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $248K left a modest 8% surplus.

Mission

TO PROVIDE OUTDOOR SWIMMING AND TENNIS FOR 332 BOND HOLDERS (FAMILY MEMBERSHIPS). THIS INCLUDES SWIMMING AND TENNIS LESSONS AND SOCIAL EVENTS.

Program Service Accomplishments

Program 1

PROVIDE SWIM AND TENNIS FACILITIES FOR 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 $262,816

Investment Income $970

Other Revenue $4,277

TOTAL REVENUE $268,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,836

Fundraising Expenses $0

Other Expenses $121,805

TOTAL EXPENSES $247,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,063	$244,969	+0.1%
Expenses	$247,641	$203,000	+0.2%
Net Income	$20,422	$41,969	-0.5%

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

N/A

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
DAN MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
NOEL MULLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICARDO ORTEGA	President	1.00	Officer	$0	$0	$0
KEVIN DUNNE	VP	1.00	Officer	$0	$0	$0
NICK PORTER	Secretary	1.00	Officer	$0	$0	$0
SCOTT PINTO	Treasurer	1.00	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
2025	No data	No data	No data	No data
2024	$268,063	$247,641	$570,296	$20,422
2023	$244,969	$203,000	$547,309	$41,969
2022	$256,205	$257,335	$505,340	$-1,130
2021	$237,533	$194,681	$507,545	$42,852
2020	$190,443	$295,006	$464,637	$-104,563