SAND SPRINGS RECREATIONAL CENTER

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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

2011

Legal Domicile

Principal Officer

TOMAS ADALSTEINSSON

Phone

4136633200

Tax Period

2024-01-01 to 2024-12-31

SAND SPRINGS RECREATIONAL CENTER, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $203K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

TO CREATE A SUSTAINABLE COMMUNITY GATHERING PLACE WHERE RESIDENTS AND VISITORS CAN GATHER IN AN HISTORIC AND BUCOLIC SETTING FOR RELAXATION IN NATURAL SPRING WATERS, OUTDOOR RECREATION, AND FITNESS. NOT FOR PROFIT.

Program Service Accomplishments

Program 1

Expenses: $195,618 Revenue: $166,809

POOL & RECREATIONAL

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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 $31,895

Program Service Revenue $166,809

Investment Income $1

Other Revenue $4,392

TOTAL REVENUE $203,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,872

Fundraising Expenses $0

Program Expenses $195,618

Other Expenses $94,594

TOTAL EXPENSES $209,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,097	$121,982	+0.7%
Expenses	$209,466	$128,277	+0.6%
Net Income	$-6,369	$-6,295	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMAS ADALSTEINSSON	PRESIDENT	8.00	Officer Director	$0	$0	$0
JEANNIE ALBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FREUND	TREASURER	4.00	Officer Director	$0	$0	$0
GIL HAYLON	DIRECTOR	1.00	Director	$0	$0	$0
KARRIE HONEKER	SECRETARY/CL	4.00	Officer Director	$0	$0	$0
ANTHONY MASSIMIANO	ASSISTANT TR	4.00	Officer Director	$0	$0	$0
CARRIE SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE THOMPSON	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2024	$203,097	$209,466	$581,172	$-6,369
2023	$121,982	$128,277	$618,907	$-6,295
2019	$120,168	$147,065	$510,095	$-26,897
2018	$144,961	$164,404	$552,419	$-19,443