FERMATA CLUB (EIN 570335225) - 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

1952

Legal Domicile

Principal Officer

CLAIRE CUNNINGHAM

Phone

9293832392

Tax Period

2024-03-01 to 2025-02-28

FERMATA CLUB, founded in 1952, is a small nonprofit that reported $209K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $200K left a modest 4% surplus.

Mission

SWIM AND TENNIS CLUB SERVING FAMILIES IN AND NEAR AIKEN SC AND PRESERVATION OF HISTORIC CLUB PROPERTY

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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 $120,914

Program Service Revenue $70,260

Investment Income $4,973

Other Revenue $13,219

TOTAL REVENUE $209,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,932

Fundraising Expenses $0

Program Expenses $186,301

Other Expenses $158,436

TOTAL EXPENSES $200,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,366	$312,549	-0.3%
Expenses	$200,368	$175,779	+0.1%
Net Income	$8,998	$136,770	-0.9%

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
ROBERT ABSHIRE	SECRETARY	005.00	Officer Director	$0	$0	$0
PAGIE RABON	BOARD MEMBER	020.00	Director	$0	$0	$0
CLAIRE CUNNINGHAM	INTERIM TREASURER	020.00	Officer Director	$0	$0	$0
MONIQUE RABIN	BOARD MEMBER	005.00	Director	$0	$0	$0
ELIZABETH SCHAPPELL	BOARD MEMBER	005.00	Director	$0	$0	$0
DAVE LEVIN	BOARD MEMBER	005.00	Director	$0	$0	$0
JASON RABUN	CHAIRPERSON	015.00	Officer Director	$0	$0	$0
STUART GRISWOLD	VICE CHAIR	010.00	Officer Director	$0	$0	$0
JASON MCALHANEY	BOARD MEMBER	005.00	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	$209,366	$200,368	$1,393,956	$8,998
2024	$312,549	$175,779	$1,246,424	$136,770
2023	$167,845	$173,534	$1,154,781	$-5,689
2022	$192,309	$144,513	$1,174,512	$47,796
2021	$149,252	$124,054	$1,168,743	$25,198
2020	$161,215	$135,453	$1,183,468	$25,762
2019	$183,861	$182,772	$1,196,235	$1,089

FERMATA CLUB