THE 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

1984

Legal Domicile

Principal Officer

FRANK DALLEY

Phone

3143612100

Tax Period

2024-09-01 to 2025-08-31

THE RACQUET CLUB, founded in 1984, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $4.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.

Program Service Accomplishments

Program 1

EDUCATING THE MINDS AND DEVELOPING AND TRAINING THE BODIES OF THEMEMBERSHIP FOR THEIR INTELLECTUAL AND SOCIAL CULTURE.

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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 $2,898,404

Investment Income $-278,872

Other Revenue $957,805

TOTAL REVENUE $3,577,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,337,215

Fundraising Expenses $0

Other Expenses $1,686,503

TOTAL EXPENSES $4,023,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,577,337	$3,753,682	0.0%
Expenses	$4,023,718	$3,949,773	+0.0%
Net Income	$-446,381	$-196,091	+1.3%

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

$199,659

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	$160,914	$9,850	$170,764
LISA MEISNER	CONTROLLER	40.00	Officer	$26,622	$2,273	$28,895
EDWARD CHARLTON	SQUASH PRO	40.00	Highest	$175,953	$15,221	$191,174
SHAWN WILLTROUT	EXECUTIVE CHEF	40.00	Highest	$105,030	$0	$105,030

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	$3,577,337	$4,023,718	$4,388,895	$-446,381
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