Little Neck Swim & Racquet Club Inc (EIN 541162116) - 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

1981

Legal Domicile

Phone

7574868714

Tax Period

2023-01-01 to 2023-12-31

Little Neck Swim & Racquet Club Inc, founded in 1981, is a small nonprofit that reported $438K in total revenue in fiscal year 2018.

Mission

Bring community together through a multitude of seasonal (outdoor pools, swim instruction, junior tennis team) as well as year round (tennis instruction, adult and junior tennis) activities. The focus is on creating, operating and managing a club where members come to enjoy.

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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 (2023)

Revenue Breakdown

Contributions & Grants $381,402

Program Service Revenue $46,802

Investment Income $10,715

Other Revenue $91,339

TOTAL REVENUE $530,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,527

Fundraising Expenses $0

Program Expenses $409,675

Other Expenses $358,553

TOTAL EXPENSES $548,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,258	$456,532	+0.2%
Expenses	$548,080	$413,301	+0.3%
Net Income	$-17,822	$43,231	-1.4%

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
Adam Rex	President	2.00	Officer Director	$0	$0	$0
Jamie Cole	Vice President	1.00	Officer Director	$0	$0	$0
Chad Knapp	Treasurer	2.00	Officer Director	$0	$0	$0
Dan Shuman	Secretary	2.00	Officer Director	$0	$0	$0
Daniel Mass	At Large	1.00	Director	$0	$0	$0
Jimmy Wood	At Large	1.00	Director	$0	$0	$0
Brian Nelson	At Large	1.00	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	No data	No data	No data	No data
2023	$530,258	$548,080	$1,195,364	$-17,822
2022	$456,532	$413,301	$1,215,507	$43,231
2021	$1,116,669	$490,806	$1,160,229	$625,863
2020	$270,881	$353,986	$694,412	$-83,105
2019	$470,738	$470,122	$803,496	$616
2018	$437,877	$468,425	$799,591	$-30,548

Little Neck Swim & Racquet Club Inc