HARRINGTON GROVE SWIM & RACQUET CLUB INC

EIN: 561623021

RALEIGH, NC

Total Revenue
$455,319
Total Expenses
$432,311
Total Assets
$959,233
Net Assets
$345,010
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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
1988
Legal Domicile
NC
Principal Officer
GLENDA NOEL
Phone
9199711322
Tax Period
2025-01-01 to 2025-12-31

HARRINGTON GROVE SWIM & RACQUET CLUB INC, founded in 1988, is a small nonprofit that reported $455K in total revenue in fiscal year 2025. Expenses of $432K left a modest 5% surplus.

Mission

FOR THE PURPOSE OF CONDUCTING THE BUSINESS ACTIVITY OF A NONPROFIT SWIM & RACQUET CLUB

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $452,385
Investment Income $2,934
Other Revenue $0
TOTAL REVENUE $455,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $432,311
Other Expenses $432,311
TOTAL EXPENSES $432,311

Year-over-Year Comparison

2025 2024 Change
Revenue $455,319 $427,307 +0.1%
Expenses $432,311 $440,396 0.0%
Net Income $23,008 $-13,089 -2.8%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT BOHN VICE PRESIDENT/CO-SOCIAL 10.00
Officer
$0 $0 $0
WES ELDER SECURITY/TECHNOLOGY 10.00
Officer
$0 $0 $0
VJ DIMIZIO TREASURER/CO-SOCIAL 10.00
Officer
$0 $0 $0
DEREK TARRANT SECRETARY/TENNIS 10.00
Officer
$0 $0 $0
BEN ARONSON GROUNDS 0.00
Officer
$0 $0 $0
SHAWN GAGE SWIM TEAM 0.00
Officer
$0 $0 $0
MARY ELIZA MCRAE PRESIDENT 0.00
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 $455,319 $432,311 $959,233 $23,008
2024 $427,307 $440,396 $985,383 $-13,089
2023 $361,419 $346,815 $1,033,693 $14,604
2022 $367,234 $341,513 $1,065,465 $25,721
2021 $327,626 $259,138 $1,084,219 $68,488
2020 $231,717 $258,699 $1,048,158 $-26,982
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