LAKEMONT SWIM CLUB INC (EIN 560843555) - Form 990 Financial Analysis & Trantor Score

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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

1964

Legal Domicile

Principal Officer

JOHN LAMBRAKIS

Phone

9197824755

Tax Period

2023-10-01 to 2024-09-30

LAKEMONT SWIM CLUB INC, founded in 1964, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $255K left a modest 15% surplus.

Mission

SWIM AND TENNIS CLUB WHICH PROVIDES SWIMMING AND OTHER RECREATIONAL ACTIVITIES TO ITS MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $252,312

Program Service Revenue $43,416

Investment Income $3

Other Revenue $2,823

TOTAL REVENUE $298,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,257

Fundraising Expenses $0

Other Expenses $244,590

TOTAL EXPENSES $254,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,554	$426,754	-0.3%
Expenses	$254,847	$257,843	0.0%
Net Income	$43,707	$168,911	-0.7%

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
MORGAN MCKAY	PRESIDENT	3.00	Officer Director	$0	$0	$0
JANELLE BALDWIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BENJAMIN STARR	TREASURER	3.00	Officer Director	$0	$0	$0
CATHLEEN BERRY	SECRETARY	3.00	Officer Director	$0	$0	$0
CHARLES ROBINSON	DIRECTOR	3.00	Director	$0	$0	$0
JENNIFER JONES	DIRECTOR	3.00	Director	$0	$0	$0
EVAN FITZGERALD	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH COLANDRO	DIRECTOR	3.00	Director	$0	$0	$0
EMILY WILSON	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL YORK	DIRECTOR	3.00	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	$298,554	$254,847	$915,588	$43,707
2023	$426,754	$257,843	$989,409	$168,911
2022	$257,761	$173,764	$322,128	$83,997
2021	$218,704	$141,186	$262,100	$77,518
2019	$194,536	$152,360	$192,740	$42,176

LAKEMONT SWIM CLUB INC