WESTERN RACQUET CLUB INC

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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

1961

Legal Domicile

Principal Officer

TIMOTHY KLEIN

Phone

2627867060

Tax Period

2023-10-01 to 2024-09-30

WESTERN RACQUET CLUB INC, founded in 1961, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

A SOCIAL CLUB PROVIDING TENNIS, SWIMMING, FITNESS, FOOD AND BAR SALES TO ITS MEMBERS - SERVICES DIRECTLY RELATED TO THE CLUB'S EXEMPT PURPOSE TO PROVIDE MEMBERS WITH RECREATIONAL FACILITIES.

Program Service Accomplishments

Program 1

WESTERN RACQUET CLUB IS PLEASED TO PROVIDE THE SETTING FOR SPECIAL EVENTS. WE ARE PROUD TO HAVE PLANNED AND HOSTED WEDDING RECEPTIONS, BIRTHDAYS, ANNIVERSARIES, BRIDAL SHOWERS, AND BUSINESS MEETINGS.

Program 2

WHETHER YOUR CHILD IS JUST LEARNING TENNIS OR IS AN ADVANCED PLAYER, THEY WILL FLOURISH IN OUR PROGRAM WHICH IS FOCUSED ON FUN, SPORTSMANSHIP, SKILL DEVELOPMENT, AND COMPETITION. UNDER OUR...

WHETHER YOUR CHILD IS JUST LEARNING TENNIS OR IS AN ADVANCED PLAYER, THEY WILL FLOURISH IN OUR PROGRAM WHICH IS FOCUSED ON FUN, SPORTSMANSHIP, SKILL DEVELOPMENT, AND COMPETITION. UNDER OUR AWARD-WINNING INSTRUCTORS, CHILDREN OF ALL AGES DEVELOP SKILLS TO ENJOY THE SPORT FOR A LIFETIME. WRC JUNIOR TENNIS PLAYERS INCLUDE NATIONALLY-RANKED PLAYERS, WIAA DIVISION CHAMPIONS, AND COLLEGIATE PLAYERS. OUR CLUB HOSTS MULTIPLE TOURNAMENTS EACH YEAR.

Program 3

HERE AT WESTERN RACQUET CLUB, WE WORK HARD AND PLAY HARD WHILE VALUING HEALTHY LIVING AND EXERCISE. TAKE ADVANTAGE OF NEW AND EXISTING FITNESS PROGRAMS FOR ADULTS, TEENS, AND CHILDREN. YOU'LL HAVE...

HERE AT WESTERN RACQUET CLUB, WE WORK HARD AND PLAY HARD WHILE VALUING HEALTHY LIVING AND EXERCISE. TAKE ADVANTAGE OF NEW AND EXISTING FITNESS PROGRAMS FOR ADULTS, TEENS, AND CHILDREN. YOU'LL HAVE ACCESS TO OUR STATE-OF-THE-ART FITNESS CENTER WITH WEIGHT MACHINES, FREE WEIGHTS, TREADMILLS, ELLIPTICALS, STATIONARY BIKES, BOSU BALANCE TRAINERS, MEDICINE BALLS, COMPLIMENTARY GROUP FITNESS CLASSES, AND ACCESS TO A MASSAGE ROOM, WHIRLPOOL, AND SAUNA.

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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 $3,974,088

Investment Income $14,331

Other Revenue $780,937

TOTAL REVENUE $4,769,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,534,768

Fundraising Expenses $0

Other Expenses $2,159,288

TOTAL EXPENSES $4,694,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,769,356	$4,354,733	+0.1%
Expenses	$4,694,056	$4,258,231	+0.1%
Net Income	$75,300	$96,502	-0.2%

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

Employees

198

Volunteers

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

$254,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY GOETZ	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARK JENSEN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
LISA WILSON	SECRETARY	0.25	Officer Director	$0	$0	$0
TIM KLEIN	TREASURER	0.25	Officer Director	$0	$0	$0
KEVIN MCWEY	PAST PRESIDENT	0.25	Officer Director	$0	$0	$0
BRAD MESTAN	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN BULGRIN	DIRECTOR	0.25	Director	$0	$0	$0
MARTHA KENDLER	DIRECTOR	0.25	Director	$0	$0	$0
T STOCKHAUSEN	DIRECTOR	0.25	Director	$0	$0	$0
GINA DEBRUIN	DIRECTOR	0.25	Director	$0	$0	$0
BEN DEBRUIN	DIRECTOR	0.25	Director	$0	$0	$0
LISA WILSON	DIRECTOR	0.25	Director	$0	$0	$0
TIMON CORWIN	GENERAL MANAGER/COO	40.00	Officer	$230,182	$23,824	$254,006
SCOTT CARSON	HEAD TENNIS COACH	40.00	Highest	$141,181	$20,691	$161,872
JAMES GOLOMBOWSKI	FOOD AND BEVERAGE DIRECTOR	40.00	Highest	$130,573	$19,910	$150,483
ERIN GEBES	CONTROLLER	40.00	Highest	$111,544	$8,185	$119,729

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	$4,769,356	$4,694,056	$8,084,086	$75,300
2023	$4,354,733	$4,258,231	$8,300,161	$96,502
2022	$4,471,398	$4,006,535	$6,580,295	$464,863
2021	$3,825,904	$3,544,699	$6,496,015	$281,205
2020	$3,475,383	$3,369,194	$5,839,146	$106,189
2019	$3,675,512	$3,602,079	$5,874,715	$73,433
2018	$4,382,689	$3,203,845	$5,980,616	$1,178,844