GLENWOOD RECREATION CLUB INC (EIN 520658423) - 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

1959

Legal Domicile

Principal Officer

BRIAN BHANDARI

Tax Period

2023-11-01 to 2024-10-31

GLENWOOD RECREATION CLUB INC, founded in 1959, is a small nonprofit that reported $584K in total revenue in fiscal year 2023. The organization ran a surplus of $106K, a strong 18% operating margin.

Mission

COMMUNITY SWIMMING CLUB

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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 $564,235

Investment Income $19,954

Other Revenue $0

TOTAL REVENUE $584,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,987

Fundraising Expenses $0

Other Expenses $331,862

TOTAL EXPENSES $477,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,189	$575,129	+0.0%
Expenses	$477,849	$462,684	+0.0%
Net Income	$106,340	$112,445	-0.1%

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

100

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
ROBIN KORALEK	DIRECTOR	5.00	Director	$0	$0	$0
LAURA SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
JOE CARNELL	DIRECTOR	5.00	Director	$0	$0	$0
DAWN KRUSEMARK	DIRECTOR	5.00	Director	$0	$0	$0
LEO SCHWARTZ	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM DAVIES	DIRECTOR	5.00	Director	$0	$0	$0
SANDIE CHEN	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER GINTER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN SLATTERY	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHELE ROVINS	SECRETARY	5.00	Officer Director	$0	$0	$0
BRIAN BHANDARI	TREASURER	10.00	Officer 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
2024	$584,189	$477,849	$1,738,300	$106,340
2023	$575,129	$462,684	$1,522,618	$112,445
2022	$561,458	$448,345	$1,480,686	$113,113
2021	$536,247	$400,805	$1,411,206	$135,442
2020	$335,210	$275,496	$1,327,994	$59,714
2019	$516,926	$398,965	$1,332,778	$117,961
2018	$504,153	$425,455	$1,263,825	$78,698

GLENWOOD RECREATION CLUB INC