OLD FARM SWIM & PADDLE TENNIS CLUB… - Form 990 Financial Data

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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

KEVIN HUMPHREYS

Phone

3019384749

Tax Period

2022-12-01 to 2023-11-30

OLD FARM SWIM & PADDLE TENNIS CLUB INC, founded in 1963, is a small nonprofit that reported $437K in total revenue in fiscal year 2022. The organization ran a surplus of $69K, a strong 16% operating margin.

Mission

OPERATION OF NEIGHBORHOOD SWIMMING POOL WHICH INCLUDES SWIMMING, PICKLEBALL, PLATFORM TENNIS, KIDS' & ADULTS' TRIATHALON, WATER AEROBICS & PRIVATE PARTIES.

Program Service Accomplishments

Program 1

Revenue: $294,170

MEMBERSHIP DUES INCLUDE VARIOUS MEMEBERSHIP CATEGORIES:-CONTINUING CLUB MEMBERSHIP-TEMPORARY CLUB MEMBERSHIP-PADDLE ONLY MEMBERSHIP

Program 2

Expenses: $317,705 Revenue: $81,352

ORGANIZATION OF SWIMMING, DIVING AND PADDLE TENNIS TEAMS AND VARIOUS SPORTS COMPETITION, INLCUDING SWIM AND DIVE TEAMS. ADDITIONALLY, WE OFFER WATER AEROBICS AND MASTER SWIMMING CLASSES FOR OUR...

ORGANIZATION OF SWIMMING, DIVING AND PADDLE TENNIS TEAMS AND VARIOUS SPORTS COMPETITION, INLCUDING SWIM AND DIVE TEAMS. ADDITIONALLY, WE OFFER WATER AEROBICS AND MASTER SWIMMING CLASSES FOR OUR MEMBERS.

Program 3

Revenue: $35,373

PROVIDING FUN AND ORGANIZED SPECIAL EVENTS FOR THE COMMUNITY, INCLUDING POTLUCK DINNER, MAJOR HOLIDAY PICNICS AND OTHE SPECIAL COMMUNITY EVENTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $464,058

Investment Income $-29,217

Other Revenue $2,063

TOTAL REVENUE $436,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,705

Other Expenses $367,999

TOTAL EXPENSES $367,999

Year-over-Year Comparison

	2022	2021	Change
Revenue	$436,904	$414,880	+0.1%
Expenses	$367,999	$393,640	-0.1%
Net Income	$68,905	$21,240	+2.2%

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
KEVIN HUMPHREYS	PRESIDENT/TREASURER	4.00	Officer Director	$0	$0	$0
MARK FRIEDMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH RIEL	SECRETARY	2.00	Officer Director	$0	$0	$0
JONATHAN KWAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG STEWART	DIRECTOR	1.00	Director	$0	$0	$0
KARA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
TOM WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
LOU CHARLIP	DIRECTOR	1.00	Director	$0	$0	$0
ED STAUNTON	DIRECTOR	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
2023	$436,904	$367,999	$1,218,928	$68,905
2022	$414,880	$393,640	$1,199,262	$21,240
2021	$415,912	$272,695	$710,056	$143,217
2020	$253,316	$202,824	$578,894	$50,492
2019	$277,255	$214,533	$540,183	$62,722
2018	$250,017	$209,986	$488,592	$40,031

OLD FARM SWIM & PADDLE TENNIS CLUB INC