Springlake Club Inc (EIN 520712678) - 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

1960

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

Springlake Club Inc, founded in 1960, is a small nonprofit that reported $444K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $493K exceeded revenue, resulting in a 11% operating deficit.

Mission

Organization operates as a community swim club that provides recreational and social activities for family members and their guests. The club has approximately 275 family members0

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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 (2025)

Revenue Breakdown

Contributions & Grants $377,745

Program Service Revenue $36,394

Investment Income $0

Other Revenue $30,271

TOTAL REVENUE $444,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,531

Fundraising Expenses $0

Program Expenses $493,446

Other Expenses $303,915

TOTAL EXPENSES $493,446

Year-over-Year Comparison

	2025	2024	Change
Revenue	$444,410	$491,404	-0.1%
Expenses	$493,446	$482,897	+0.0%
Net Income	$-49,036	$8,507	-6.8%

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
Mary Rose Schwarb	Director	5.00	Director	$0	$0	$0
Megan Childers	Director	5.00	Director	$0	$0	$0
Amy Karastamatis	Director	5.00	Director	$0	$0	$0
Casey Massicot	Director	5.00	Director	$0	$0	$0
John Klug	Director	5.00	Director	$0	$0	$0
Jessie Hanna	Director	5.00	Director	$0	$0	$0
Joseph Chiarizio	Director	5.00	Director	$0	$0	$0
Karl Radday	Treasurer	7.00	Officer	$0	$0	$0
Scott Shimkaveg	President	5.00	Officer	$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	$444,410	$493,446	$274,754	$-49,036
2024	$491,404	$482,897	$324,831	$8,507
2023	$440,006	$444,315	$325,801	$-4,309
2022	$442,644	$434,508	$352,537	$8,136
2021	$375,620	$332,390	$367,211	$43,230
2020	$212,901	$290,928	$347,895	$-78,027
2019	$298,148	$264,538	$429,419	$33,610
2018	$274,360	$251,533	$405,421	$22,827

Springlake Club Inc