FORRESTER WOODS RECREATION CENTER INC (EIN 510199329) - 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

1976

Legal Domicile

Principal Officer

PARAS GUDKA PRESIDENT

Phone

9102562021

Tax Period

2023-04-01 to 2024-03-31

FORRESTER WOODS RECREATION CENTER INC, founded in 1976, is a small nonprofit that reported $162K in total revenue in fiscal year 2023. Expenses of $259K exceeded revenue, resulting in a 60% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE PLEASURE AND GENERAL RECREATION OF ITS MEMBERS, AND ADDITIONALLY TO PROVIDE, OWN, AND MAINTAIN RECREATIONAL FACILITIES INCLUDING SWIMMING POOL, PLAYGROUND AND TENNIS COURTS, AND CLUBHOUSE.

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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 $161,968

Investment Income $63

Other Revenue $0

TOTAL REVENUE $162,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,017

Other Expenses $258,973

TOTAL EXPENSES $258,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,031	$159,664	+0.0%
Expenses	$258,973	$131,225	+1.0%
Net Income	$-96,942	$28,439	-4.4%

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

N/A

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
PARAS GUDKA PRESIDENT	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAUREN GREGO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KELLY LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
TONY PSAROMATIS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE REAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM ROGERS	BOARD MEMBER	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	$162,031	$258,973	$423,023	$-96,942
2023	$159,664	$131,225	$519,865	$28,439
2022	$147,467	$157,386	$491,426	$-9,919
2021	$138,571	$163,241	$532,398	$-24,670

FORRESTER WOODS RECREATION CENTER INC