RIDGE SWIMMING CLUB INC

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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

1963

Legal Domicile

Principal Officer

CHRIS FITZPATRICK

Phone

4104425552

Tax Period

2023-01-01 to 2023-12-31

RIDGE SWIMMING CLUB INC, founded in 1963, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Expenses of $279K exceeded revenue, resulting in a 11% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

RIDGE SWIM CLUB IS A MEMBERSHIP BASED SWIM CLUB THAT OFFERS SWIM LESSONS TO LOCAL FAMILIES.

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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 $249,209

Investment Income $0

Other Revenue $1,210

TOTAL REVENUE $250,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,364

Fundraising Expenses $0

Other Expenses $166,683

TOTAL EXPENSES $279,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,419	$250,893	0.0%
Expenses	$279,047	$260,476	+0.1%
Net Income	$-28,628	$-9,583	+2.0%

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

N/A

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
MARGARET KERSHNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEB LOWREY	VICE PRESIDENT - ADMIN	2.00	Officer Director	$0	$0	$0
ELIZABETH WOLFE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS FITZPATRICK	TREASURER	2.00	Officer Director	$0	$0	$0
RILEE HIGGINS	BOOKKEEPER	1.00	Director	$0	$0	$0
ALAN CUSICK	GROUND ASSISTANT	1.00	Director	$0	$0	$0
TIM MICHAEL	GROUND ASSISTANT	1.00	Director	$0	$0	$0
JENNY HOGG	ADVERTISING	1.00	Director	$0	$0	$0
JENNIFER GILBERTSON	SOCIAL EVENTS CHAIR	1.00	Director	$0	$0	$0
DANA WAY	MANAGEMENT STAFF LIAISON	1.00	Director	$0	$0	$0
MICHELL GOMOLA	SWIM TEAM LIASON	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
2024	No data	No data	No data	No data
2023	$250,419	$279,047	$450,591	$-28,628
2022	$250,893	$260,476	$528,463	$-9,583
2021	$299,322	$241,815	$582,434	$57,507
2020	$257,163	$196,879	$565,215	$60,284
2019	$242,401	$241,146	$511,538	$1,255
2018	$224,205	$254,116	$520,308	$-29,911