DETROIT RACQUET CLUB (EIN 380480720) - 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

1957

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

DETROIT RACQUET CLUB, founded in 1957, is a small nonprofit that reported $313K in total revenue in fiscal year 2023.

Mission

SOCIAL FELLOWSHIP & COMPANIONSHIP FOR MEMBERS AND FURNISHING OF ATHLETIC FACILITIES

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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 $227,961

Investment Income $0

Other Revenue $84,736

TOTAL REVENUE $312,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,625

Fundraising Expenses $0

Program Expenses $303,958

Other Expenses $232,333

TOTAL EXPENSES $303,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,697	N/A	N/A
Expenses	$303,958	N/A	N/A
Net Income	$8,739	N/A	N/A

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
MICHAEL CYTACKI	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM GILBRIDE	DIRECTOR	3.00	Director	$0	$0	$0
KEES JANEWAY	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
ALAIN SQUINDO	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN KRALL	TREASURER	2.00	Officer	$0	$0	$0
JOSEPH MAIORANA	SECRETARY	1.00	Officer	$0	$0	$0
WARD DETWILER	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL HOWE	VICE PRESIDENT	3.00	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
2024	$312,697	$303,958	$144,618	$8,739
2023	$301,750	$295,732	$135,822	$6,018
2022	$275,990	$273,737	$117,560	$2,253
2021	$274,849	$232,750	$130,095	$42,099
2020	$247,152	$278,529	$83,333	$-31,377
2019	$214,048	$258,594	$113,001	$-44,546
2018	$214,816	$226,382	$121,259	$-11,566

DETROIT RACQUET CLUB