FLOYD COUNTY RECREATION ASSOCIATION (EIN 540808029) - 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

1965

Principal Officer

BILLY CROMER

Phone

5407452189

Tax Period

2024-04-01 to 2025-03-31

FLOYD COUNTY RECREATION ASSOCIATION, founded in 1965, is a small nonprofit that reported $756K in total revenue in fiscal year 2017.

Mission

TO PROVIDE RECREATIONAL ACTIVITIES THROUGH A GOLF COURSE AND SWIMMING POOL FOR THE PEOPLE OF FLOYD COUNTY AND SURROUNDING COMMUNITIES

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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 $1,189,703

Investment Income $3,601

Other Revenue $0

TOTAL REVENUE $1,193,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,102

Fundraising Expenses $0

Program Expenses $994,888

Other Expenses $540,786

TOTAL EXPENSES $994,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,193,304	$1,217,204	0.0%
Expenses	$994,888	$964,852	+0.0%
Net Income	$198,416	$252,352	-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

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
SKIP BISHOP	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH DALTON	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD QUESENBERRY	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN SWORTZEL	DIRECTOR	N/A	Director	$0	$0	$0
RON BINGHAM	PRESIDENT	N/A	Officer	$0	$0	$0
BILLY CROMER	TREASURER	N/A	Officer	$0	$0	$0
BOB HELMS	VICE PRES	N/A	Officer	$0	$0	$0
RICHARD QUESENBERRY	SECRETARY	N/A	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	$1,193,304	$994,888	$1,605,941	$198,416
2024	$1,217,204	$964,852	$1,248,248	$252,352
2023	$859,713	$822,873	$787,824	$36,840
2022	$836,275	$802,797	$854,087	$33,478
2020	$768,942	$762,368	$810,002	$6,574
2018	$755,690	$792,323	$945,545	$-36,633

FLOYD COUNTY RECREATION ASSOCIATION