GREAT BRIDGE SWIM & RACQUET CLUB INC

EIN: 540987886

CHESAPEAKE, VA

Total Revenue
$253,578
Total Expenses
$201,251
Total Assets
$439,987
Net Assets
$-57,815
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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
1975
Legal Domicile
VA
Principal Officer
RENEE LEFTWICH
Phone
7574824494
Tax Period
2023-01-01 to 2023-12-31

GREAT BRIDGE SWIM & RACQUET CLUB INC, founded in 1975, is a small nonprofit that reported $173K in total revenue in fiscal year 2018.

Mission

GREAT BRIDGE SWIM RACQUET CLUB IS AN EXEMPT SOCIAL CLUB WHICH PROVIDES SWIM AND TENNIS FACILITIES TO ITS MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,942
Program Service Revenue $249,636
Investment Income $0
Other Revenue $0
TOTAL REVENUE $253,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,833
Fundraising Expenses $0
Program Expenses $199,206
Other Expenses $141,418
TOTAL EXPENSES $201,251

Year-over-Year Comparison

2023 2022 Change
Revenue $253,578 $248,169 +0.0%
Expenses $201,251 $274,384 -0.3%
Net Income $52,327 $-26,215 -3.0%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
26
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL AUSBAND PRESIDENT 010.00
Officer
$0 $0 $0
RENEE LEFTWICH VICE PRESIDENT 010.00
Officer
$0 $0 $0
AVERY EDWARDS SECRETARY 010.00
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
2024 No data No data No data No data
2023 $253,578 $201,251 $439,987 $52,327
2022 $248,169 $274,384 $423,312 $-26,215
2021 $218,724 $235,539 $464,055 $-16,815
2020 $126,862 $154,045 $499,242 $-27,183
2019 $177,955 $180,345 $454,498 $-2,390
2018 $173,262 $181,042 $472,370 $-7,780
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