THE RACQUET CLUB (EIN 430469600) - 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

1984

Legal Domicile

Principal Officer

FRANK DALLEY

Phone

3143612100

Tax Period

2023-09-01 to 2024-08-31

THE RACQUET CLUB, founded in 1984, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES 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 $2,733,048

Investment Income $0

Other Revenue $1,020,634

TOTAL REVENUE $3,753,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,210,334

Fundraising Expenses $0

Other Expenses $1,739,439

TOTAL EXPENSES $3,949,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,753,682	$3,899,163	0.0%
Expenses	$3,949,773	$3,591,153	+0.1%
Net Income	$-196,091	$308,010	-1.6%

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

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

$230,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J SPENCER FINNEY JR	PRESIDENT	1.50	Officer Director	$0	$0	$0
RYAN GANZ	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW S HEREFORD	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN F KENNEDY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN M DAVIES	TREASURER	1.50	Officer Director	$0	$0	$0
CRAIG W ASHMORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BOLDT	DIRECTOR	1.00	Director	$0	$0	$0
BILL KNIEP	DIRECTOR	1.00	Director	$0	$0	$0
MARK J RICHERT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL C SCHNOEBELEN III	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN M SWIFT	DIRECTOR	1.00	Director	$0	$0	$0
FRANK DALLEY	GENERAL MANAGER	40.00	Officer	$137,255	$13,243	$150,498
RANDALL ALLEN	CONTROLLER	40.00	Officer	$73,687	$5,831	$79,518

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	$3,753,682	$3,949,773	$4,644,716	$-196,091
2023	$3,899,163	$3,591,153	$4,843,849	$308,010
2022	$3,391,053	$3,203,873	$4,515,301	$187,180
2021	$3,158,651	$2,874,065	$4,288,239	$284,586
2020	$3,338,951	$3,013,588	$3,984,216	$325,363
2019	$3,310,101	$3,276,376	$3,829,579	$33,725
2018	$3,347,075	$3,095,783	$3,818,299	$251,292

THE RACQUET CLUB