CANTERBURY RECREATION ASSOCIATION INC (EIN 540698869) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

ALEX COYNER

Phone

8042880496

Tax Period

2024-01-01 to 2024-12-31

CANTERBURY RECREATION ASSOCIATION INC, founded in 1974, is a small nonprofit that reported $243K in total revenue in fiscal year 2018. Expenses of $235K left a modest 3% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO MAINTAIN VARIOUS FACILITIES FOR THE USE AND ENJOYMENT OF MEMBERS OF THE ASSOCIATION. MAINTENANCE OF TENNIS AND POOL FACILITIES AS WELL AS PARTICIPATION BY RELATED TEAMS ALLOW THE ASSOCIATION TO ACHIEVE ITS PURPOSE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $291,662

Investment Income $0

Other Revenue $-2,308

TOTAL REVENUE $289,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,113

Fundraising Expenses $0

Program Expenses $301,186

Other Expenses $246,372

TOTAL EXPENSES $304,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,354	$294,184	0.0%
Expenses	$304,485	$306,762	0.0%
Net Income	$-15,131	$-12,578	+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

Volunteers

100

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
JON OSBORN	Director	2.00	Director	$0	$0	$0
SARAH SCHNEIDER	Director	2.00	Director	$0	$0	$0
OKE LIIMATTA	Director	2.00	Director	$0	$0	$0
ALEX COYNER	Treasurer	3.00	Officer Director	$0	$0	$0
ANDREW FERGUSON	President	3.00	Officer Director	$0	$0	$0
ANGIE HUTCHISON	Director	2.00	Director	$0	$0	$0
SARAH COLLIER	Secretary	3.00	Officer Director	$0	$0	$0
TERRI QUINAN	Director	2.00	Director	$0	$0	$0
KRISTIN JIMISON	Director	2.00	Director	$0	$0	$0
SYNTHIA BIALKOWSKI	Director	2.00	Director	$0	$0	$0
MICHELLE BYNUM	Director	2.00	Director	$0	$0	$0
MASON COLEMAN	Vice President	3.00	Officer Director	$0	$0	$0
KRISTA BOYD	Director	2.00	Director	$0	$0	$0
PAULA CHAMBERS	Director	2.00	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
2024	$289,354	$304,485	$842,870	$-15,131
2023	$294,184	$306,762	$858,333	$-12,578
2022	$301,115	$305,542	$870,569	$-4,427
2021	$258,551	$232,336	$874,955	$26,215
2020	$141,123	$226,224	$848,882	$-85,101
2019	$254,953	$237,612	$933,834	$17,341
2018	$243,289	$235,368	$916,496	$7,921

CANTERBURY RECREATION ASSOCIATION INC