OLDE PROVIDENCE RACQUET CLUB

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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

1962

Legal Domicile

Principal Officer

RYAN CAIAZZO

Phone

7043669817

Tax Period

2024-10-01 to 2025-09-30

OLDE PROVIDENCE RACQUET CLUB, founded in 1962, is a community nonprofit in the Recreation & Sports sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 45% operating margin.

Mission

RECREATIONAL AND SOCIAL ACTIVITIES FOR ITS MEMBERS

Program Service Accomplishments

Program 1

TENNIS RECREATIONAL SERVICES PROVIDES TENNIS MEMBERSHIP WITH OPPORTUNITIES TO PLAY TENNIS

Program 2

PRO SHOP SERVICES THE PRO SHOP PROVIDES THE MEMBERS WITH RETAIL SHOPPING OPPORTUNITIES FOR ATHLETIC CLOTHING, RACQUET/TENNIS EQUIPMENT AND REPAIR.

Program 3

SWIMMING RECREATIONAL SERVICES PROVIDES THE SWIMMING MEMBERSHIP WITH SWIMMING OPPORTUNITIES AND LESSONS

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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 $4,824,978

Program Service Revenue $0

Investment Income $86,374

Other Revenue $503,375

TOTAL REVENUE $5,414,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,256,704

Fundraising Expenses $0

Other Expenses $1,739,714

TOTAL EXPENSES $2,996,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,414,727	$2,684,395	+1.0%
Expenses	$2,996,418	$2,994,939	+0.0%
Net Income	$2,418,309	$-310,544	-8.8%

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
JONATHAN GROOMS	GENERAL MANAGER	40.00	Highest	$162,950	$0	$162,950
CHRISTI HART	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHY SPENCE	SECRETARY	10.00	Officer Director	$0	$0	$0
ROB HAYWOOD	TREASURER	10.00	Officer Director	$0	$0	$0
ALISON HOMAN	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
BLAKE ELDER	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
DAVID KENNEDY	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
RAVI MUJUMDAR	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
ROBIN STUART	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
ANDY BACH	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
KATIE MONSON	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
KAY BEVERLY	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
ROBBY LOWE	COMMITTEE CHAIR	10.00	Director	$0	$0	$0
ZACH CARDAIS	PAST PRESIDENT	10.00	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
2025	$5,414,727	$2,996,418	$10,486,828	$2,418,309
2024	$2,684,395	$2,994,939	$6,983,332	$-310,544
2023	$2,510,943	$2,506,757	$6,618,412	$4,186
2022	$2,367,275	$2,228,835	$6,436,877	$138,440
2021	$2,273,943	$2,069,676	$6,237,149	$204,267
2020	$2,104,307	$2,189,006	$5,968,780	$-84,699