LAKESIDE SWIM AND RACQUET CLUB

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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

1956

Legal Domicile

Principal Officer

Kelly Riley

Tax Period

2024-10-01 to 2025-09-30

LAKESIDE SWIM AND RACQUET CLUB, founded in 1956, is a small nonprofit that reported $315K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $269K left a modest 15% surplus.

Mission

LAKESIDE SWIM AND RACQUET CLUB SUPPORTS YOUTH SWIMMING COMPETITION AND TRAINING AND PROVIDES POOL AND TENNIS RELATED RECREATION AND SOCIAL ACTIVITIES DURING SUMMER MONTHS

Program Service Accomplishments

Program 1

Expenses: $269,278

LAKESIDE SWIM AND RACQUET CLUB SUPPORTS YOUTH SWIMMING COMPETITION AND TRAINING AND PROVIDES POOL AND TENNIS RELATED RECREATION AND SOCIAL ACTIVITIES DURING SUMMER MONTHS

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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 $250,116

Program Service Revenue $58,188

Investment Income $0

Other Revenue $7,157

TOTAL REVENUE $315,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,007

Fundraising Expenses $0

Program Expenses $269,278

Other Expenses $221,271

TOTAL EXPENSES $269,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,461	$282,776	+0.1%
Expenses	$269,278	$258,299	+0.0%
Net Income	$46,183	$24,477	+0.9%

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

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
Tommy Golden	President	2.00	Officer	$0	$0	$0
Kelly Riley	TREASURER	2.00	Officer	$0	$0	$0
AVAILABLE UPON REQUEST	AVAILABLE UPON REQUEST	0.00	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
2025	$315,461	$269,278	$614,275	$46,183
2024	$282,776	$258,299	$570,864	$24,477
2023	$269,744	$241,349	$542,489	$28,395
2022	$232,785	$207,916	$513,030	$24,869