RALEIGH RACQUET CLUB INC (EIN 560905840) - 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

1968

Legal Domicile

Principal Officer

JOHN HARDIN

Phone

9198760565

Tax Period

2024-01-01 to 2024-12-31

RALEIGH RACQUET CLUB INC, founded in 1968, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 5% surplus.

Mission

THE RALEIGH RACQUET CLUB OFFERS EXCELLENCE IN FACILITIES, PROGRAMS, INSTRUCTION AND EVENTS FOR TENNIS PLAYERS OF ALL AGES AND SKILL LEVELS. AS A FAMILY-ORIENTED RACQUET AND SWIM CLUB, WE OFFER MULTIPLE SOCIAL AND ATHLETIC ACTIVITIES.

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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 $2,053,516

Program Service Revenue $2,727,915

Investment Income $43,162

Other Revenue $542,438

TOTAL REVENUE $5,367,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,757,754

Fundraising Expenses $0

Other Expenses $3,345,974

TOTAL EXPENSES $5,103,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,367,031	$4,746,858	+0.1%
Expenses	$5,103,728	$4,397,321	+0.2%
Net Income	$263,303	$349,537	-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

561

Independent Members

561

Employees

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

Total Directors

Key Employees

$500,559

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY HALLIGAN	GENERAL MANA	40.00	Key Emp	$266,280	$0	$266,280
PAUL GOODE	DIR. OF TENN	40.00	Key Emp	$234,279	$0	$234,279
RONALD CARTE	EXECUTIVE CH	40.00	Highest	$119,380	$0	$119,380
JONATHAN RIGBY	ONLINE ACADE	40.00	Highest	$111,052	$0	$111,052
BRENT BENNETT	DIR OF ADULT	40.00	Highest	$105,581	$0	$105,581
LIZ ARCOS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLAN BADULIS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA BRANDON	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HARDIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ART RUBBIN	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA STEVENSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ALICE STUBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE VANGRAAFEILAND	BOARD MEMBER	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	$5,367,031	$5,103,728	$6,166,321	$263,303
2023	$4,746,858	$4,397,321	$6,051,292	$349,537
2022	$4,188,470	$3,846,191	$5,691,855	$342,279
2021	$4,495,739	$3,570,702	$5,476,642	$925,037
2020	$2,766,153	$2,656,744	$4,446,575	$109,409
2020	$2,955,151	$2,656,744	$4,635,573	$298,407
2019	$2,748,903	$2,575,671	$2,459,726	$173,232
2018	$2,330,119	$2,349,382	$2,158,457	$-19,263

RALEIGH RACQUET CLUB INC