FALLSTON RECREATION COUNCIL INC (EIN 521219414) - 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

1989

Legal Domicile

Principal Officer

Greg Spacek

Phone

4106383559

Tax Period

2024-07-01 to 2025-06-30

FALLSTON RECREATION COUNCIL INC, founded in 1989, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 12% surplus.

Mission

FRC is a nonprofit recreation council that oversees, organizes and provides recreational activities to the residents in the Fallston area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,080,601

Investment Income $16,963

Other Revenue $0

TOTAL REVENUE $2,097,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,452

Fundraising Expenses $0

Program Expenses $1,668,359

Other Expenses $1,508,375

TOTAL EXPENSES $1,855,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,097,564	$1,828,188	+0.1%
Expenses	$1,855,827	$1,625,158	+0.1%
Net Income	$241,737	$203,030	+0.2%

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

375

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
Bill Baker	Chairperson	3	Director	$0	$0	$0
Steve Mull	Vice President	5	Officer	$0	$0	$0
Jeff Smith	Secretary	3	Officer	$0	$0	$0
Greg Spacek	Treasurer	15	Officer	$0	$0	$0
Paul Lavardera	President	10	Officer	$0	$0	$0
Molly Boyle	Comunications Director	3	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	$2,097,564	$1,855,827	$1,230,853	$241,737
2024	$1,828,188	$1,625,158	$989,117	$203,030
2023	$1,636,445	$1,552,123	$786,088	$84,322
2022	$1,367,990	$1,252,992	$701,766	$114,998
2021	$723,189	$565,501	$586,768	$157,688

FALLSTON RECREATION COUNCIL INC