WAKEFIELD CHAPEL RECREATION ASSOCIATION (EIN 540881662) - 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

1969

Legal Domicile

Principal Officer

Jack Lockerby

Phone

7033238303

Tax Period

2024-11-01 to 2025-10-31

WAKEFIELD CHAPEL RECREATION ASSOCIATION, founded in 1969, is a small nonprofit that reported $346K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year.

Mission

The corporation is organized to construct, operate, own and maintain a swimming pool, tennis courts, and other recreational facilities for the pleasure and recreation of its members and their guests.

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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 $507,252

Investment Income $6,983

Other Revenue $7,207

TOTAL REVENUE $521,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,860

Fundraising Expenses $0

Program Expenses $0

Other Expenses $404,943

TOTAL EXPENSES $473,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,442	$540,539	0.0%
Expenses	$473,803	$477,255	0.0%
Net Income	$47,639	$63,284	-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

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
Jack Lockerby	President	5	Director	$0	$0	$0
Michael Donohoe	Treasurer	5	Director	$0	$0	$0
Wesley Smith	Vice President Operaions	5	Director	$0	$0	$0
Katie Roessler	Secretary	5	Director	$0	$0	$0
Sarah Edwards	Director of Membership	5	Director	$0	$0	$0
Tommy von der Heydt	Vice President Long Range	5	Director	$0	$0	$0
Jeff Green	Social Activities	5	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
2025	$521,442	$473,803	$518,309	$47,639
2024	$540,539	$477,255	$292,900	$63,284
2023	$431,565	$448,206	$229,616	$-16,641
2022	$404,027	$667,264	$245,062	$-263,237
2021	$385,907	$382,241	$489,749	$3,666
2020	$275,238	$342,660	$479,716	$-67,422
2019	$346,435	$346,862	$530,588	$-427

WAKEFIELD CHAPEL RECREATION ASSOCIATION