CONNECTICUT SPA & POOL ASSOCIATION INC (EIN 510138909) - 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

Legal Domicile

Principal Officer

SCOTT MEEKER

Phone

8608190374

Tax Period

2024-07-01 to 2025-06-30

CONNECTICUT SPA & POOL ASSOCIATION INC is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $215K left a modest 7% surplus.

Mission

PRIMARY EXEMPT PURPOSE - TO PROMOTE GROWTH IN THE SPA AND POOL INDUSTRY, TO EDUCATE OUR MEMBERSHIP TO CONTINUALLY ACHIEVE HIGHER DEGREES OF PROFICIENCY THROUGH CHAPTER SPONSORED EDUCATIONAL PROGRAMS, TO INTERRELATE ALL FACETS OF GRAC FOR ENHANCEMENT OF THE INDUSTRY AND TO CONTINUALLY STRIVE FOR TOTAL MEMBERSHIP SATISFACTION

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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 $228,659

Investment Income $110

Other Revenue $1,015

TOTAL REVENUE $229,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,097

Fundraising Expenses $0

Program Expenses $98,832

Other Expenses $158,419

TOTAL EXPENSES $214,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,784	$200,353	+0.1%
Expenses	$214,516	$188,487	+0.1%
Net Income	$15,268	$11,866	+0.3%

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

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
BOB RUSSELL	PRESIDENT	1.00	Officer	$0	$0	$0
JUSTIN IVEY	VICE PRESIDE	1.00	Officer	$0	$0	$0
SCOTT MEEKER	TREASURER	1.00	Officer	$0	$0	$0
ROBERT ROMANO	SECRETARY	1.00	Officer	$0	$0	$0
WILLIAM DRAKELY	DIRECTOR	1.00	Director	$0	$0	$0
BOB RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA BARDOS	ADMINISTRATO	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	$229,784	$214,516	$265,807	$15,268
2024	$200,353	$188,487	$250,539	$11,866
2019	$204,198	$149,331	$177,635	$54,867

CONNECTICUT SPA & POOL ASSOCIATION INC