QUAIL HOLLOW SWIM CLUB OF RALEIGH … - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

Nicholas Kirkpatrick

Phone

9198763711

Tax Period

2023-01-01 to 2023-12-31

QUAIL HOLLOW SWIM CLUB OF RALEIGH INC, founded in 1967, is a small nonprofit that reported $362K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $312K left a modest 14% surplus.

Mission

NEIGHBORHOOD SWIM AND TENNIS CLUB FOR THE BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $11,043 Revenue: $17,167

SWIM TEAM FOR THE CHILDREN OF THE MEMBERSHIP

Program 2

Expenses: $5,446 Revenue: $4,191

SOCIALS FOR ADULTS AND YOUTH

Program 3

Expenses: $742 Revenue: $5,942

TENNIS FOR 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 $0

Program Service Revenue $343,877

Investment Income $0

Other Revenue $17,902

TOTAL REVENUE $361,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,947

Fundraising Expenses $0

Program Expenses $17,231

Other Expenses $281,276

TOTAL EXPENSES $312,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,779	$331,841	+0.1%
Expenses	$312,223	$272,672	+0.1%
Net Income	$49,556	$59,169	-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

321

Independent Members

N/A

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
Dave Reiner	PRESIDENT	10	Officer	$0	$0	$0
MORGAN HEFNER	VICE PRESIDENT	5	Officer	$0	$0	$0
STEPHEN MACDONALD	SECRETARY	4	Officer	$0	$0	$0
Nicholas Kirkpatrick	TREASURER	5.00	Officer	$0	$0	$0
JOE BLAND	MAINTENANCE	5	Officer	$0	$0	$0
ZACH LESKOSKY	AT-LARGE	2	Officer	$0	$0	$0
BETH ALDERSON	SOCIALS	2	Officer	$0	$0	$0
MARSHA HEFNER	SWIM TEAM	2	Officer	$0	$0	$0
JOSEPH WEBSTER	TENNIS CHAIR	0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$361,779	$312,223	$693,176	$49,556
2022	$331,841	$272,672	$797,943	$59,169
2021	$281,209	$239,931	$649,644	$41,278
2020	$243,252	$247,107	$621,178	$-3,855

QUAIL HOLLOW SWIM CLUB OF RALEIGH INC