DETROIT 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

Formation Year

1957

Legal Domicile

Principal Officer

MICHAEL HOWE

Phone

3132741630

Tax Period

2024-09-01 to 2025-08-31

DETROIT RACQUET CLUB, founded in 1957, is a small nonprofit that reported $431K in total revenue in fiscal year 2024. Expenses of $399K left a modest 8% surplus.

Mission

SOCIAL FELLOWSHIP & COMPANIONSHIP FOR MEMBERS AND FURNISHING OF ATHLETIC FACILITIES

Program Service Accomplishments

Program 1

Expenses: $398,704

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $301,034

Investment Income $0

Other Revenue $130,187

TOTAL REVENUE $431,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,118

Fundraising Expenses $0

Program Expenses $398,704

Other Expenses $316,586

TOTAL EXPENSES $398,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,221	N/A	N/A
Expenses	$398,704	N/A	N/A
Net Income	$32,517	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	1.00	Director	$0	$0	$0
WILLIAM GILBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
KEES JANEWAY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN POLK	DIRECTOR	1.00	Director	$0	$0	$0
WARD E DETWILER	DIRECTOR	1.00	Director	$0	$0	$0
ALAIN SQUINDO	SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL HOWE	PRESIDENT	1.00	Officer	$0	$0	$0
JOSEPH MAIORANA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MARCUS PEREZ	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	$431,221	$398,704	$184,846	$32,517
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