THE TUX CLUB INC

EIN: 522280650 501(c)(3) Human Services

NORFOLK, VA

Total Revenue
$3,822
Total Expenses
$6,370
Total Assets
$11,564
Net Assets
$11,564
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
VA
Principal Officer
W FRANK CLEMONS
Phone
7576923109
Tax Period
2021-01-01 to 2021-12-31

THE TUX CLUB INC, founded in 1920, is a micro nonprofit in the Human Services sector that reported $27K in total revenue in fiscal year 2018. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $23K left a modest 14% surplus.

Mission

Our mission is to improve the quality of life for the disadvantaged and low income youth by providing

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,822
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,712
Other Expenses $6,370
TOTAL EXPENSES $6,370

Year-over-Year Comparison

2021 2020 Change
Revenue $3,822 $22,357 -0.8%
Expenses $6,370 N/A N/A
Net Income $-2,548 $22,357 -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

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Governance

Voting Members
12
Independent Members
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELWOOD REED FINANCIAL SECRETARY 1
Officer
$0 $0 $0
FRANK CLEMMONS PRESIDENT 1
Officer
$0 $0 $0
GEORGE MILLER TREASURER 1
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
2021 $3,822 $6,370 $11,564 $-2,548
2020 $22,357 $14,476 $28,305 $7,881
2019 $22,357 $18,069 $24,712 $4,288
2018 $26,998 $23,250 $20,424 $3,748
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