SEVEN LOCKS POOL INC (EIN 520806694) - 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

1962

Legal Domicile

Principal Officer

WILLIAM HSIUNG

Phone

3013654122

Tax Period

2023-10-01 to 2024-09-30

SEVEN LOCKS POOL INC, founded in 1962, is a small nonprofit that reported $746K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $652K left a modest 13% surplus.

Mission

RECREATIONAL FACILITIES MAINTAINED FOR THE BENEFIT OF MEMBERS AND THEIR 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 $725,833

Investment Income $20,104

Other Revenue $0

TOTAL REVENUE $745,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $640,263

Other Expenses $651,646

TOTAL EXPENSES $651,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$745,937	$624,765	+0.2%
Expenses	$651,646	$579,655	+0.1%
Net Income	$94,291	$45,110	+1.1%

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

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
ABY FILOMENO	BOARD MEMBER/MEMBERSHIP	4.00	Director	$0	$0	$0
JOEL HEILMANN	BOARD MEMBER/FACILITIES	4.00	Director	$0	$0	$0
DAN BERGER	BOARD MEMBER/PLANNING	4.00	Director	$0	$0	$0
BETH VAN GELDER	BOARD MEMBER/DIVE	4.00	Director	$0	$0	$0
COURTNEY MORGAN	BOARD MEMBER/SWIM	4.00	Director	$0	$0	$0
VIRGINIA GERGOFF	BOARD MEMBER/SOCIAL	2.00	Director	$0	$0	$0
ERIC SCHWARTZ	PRESIDENT/TENNIS	4.00	Officer	$0	$0	$0
LISA JORDAN	SECRETARY/COMMUNICATIONS	4.00	Officer	$0	$0	$0
WILL HSIUNG	TREASURER	4.00	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
2024	$745,937	$651,646	$4,093,586	$94,291
2023	$624,765	$579,655	$4,059,471	$45,110
2022	$452,084	$304,771	$2,133,694	$147,313
2021	$428,106	$303,294	$1,184,762	$124,812
2020	$332,124	$294,428	$1,063,022	$37,696
2019	$382,836	$308,569	$1,048,647	$74,267
2018	$374,392	$280,750	$995,268	$93,642

SEVEN LOCKS POOL INC