CANTERBURY RECREATION ASSOCIATION … - Form 990 Financial Data

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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

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 $289K in total revenue in fiscal year 2024. Net assets of $843K represent 35 months of operating reserves.

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.

Program Service Accomplishments

Program 1

Expenses: $279,357 Revenue: $264,129

THE ASSOCIATION IS A 425 FAMILY MEMBER COMMUNITY RECREATION ASSOCIATION WHICH PROVIDES SWIMMING AND TENNIS FACILITIES FOR ITS MEMBERS. ALL INCOME & EXPENSES ARE FOR IMPROVEMENTS, MAINTENANCE AND...

THE ASSOCIATION IS A 425 FAMILY MEMBER COMMUNITY RECREATION ASSOCIATION WHICH PROVIDES SWIMMING AND TENNIS FACILITIES FOR ITS MEMBERS. ALL INCOME & EXPENSES ARE FOR IMPROVEMENTS, MAINTENANCE AND OPERATION OF THE FACILITY AND ITS PROGRAMS. THE POOL FACILITIES ARE OPEN FROM MAY THROUGH LABOR DAY EACH YEAR AND THE TENNIS FACILITIES ARE AVAILABLE YEAR ROUND.

Program 2

Expenses: $14,637 Revenue: $23,050

THE SWIM TEAM PROGRAM ENCOURAGES PHYSICAL AND SOCIAL ACTIVITIES BY TRAINING MEMBERS' CHILDREN IN COMPETITIVE SWIMMING, SPORTSMANSHIP AND COMPETITION IN SWIM MEETS THROUGH THE GREATER RICHMOND AQUATIC LEAGUE. SIX WEEKLY LEAGUE MEETS AND A CHAMPIONSHIP MEET PROVIDE THE VENUE FOR THE MORE THAN 130 TEAM MEMBERS AND THEIR PARENTS AND FRIENDS.

Program 3

Expenses: $7,192

THE TENNIS PROGRAM ALLOWS MEMBERS TO LEARN THE SPORT OF TENNIS AND COMPETE IN LOCAL LEAGUES. ALL MEMBERS MAY ENJOY THE USE OF THE TENNIS FACILITIES WITHOUT PARTICIPATING IN THE TENNIS PROGRAM. THE...

THE TENNIS PROGRAM ALLOWS MEMBERS TO LEARN THE SPORT OF TENNIS AND COMPETE IN LOCAL LEAGUES. ALL MEMBERS MAY ENJOY THE USE OF THE TENNIS FACILITIES WITHOUT PARTICIPATING IN THE TENNIS PROGRAM. THE COURTS ARE AVAILABLE THROUGHOUT THE YEAR. DURING THE SUMMER, A TENNIS PROFESSIONAL GIVES LESSONS AND ORGANIZE YOUTH TENNIS PROGRAMS.

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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 $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