PARKSHORE SWIM & RACQUET CLUB INC

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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

1978

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

PARKSHORE SWIM & RACQUET CLUB INC, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $263K in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 17% operating margin.

Mission

SWIM LESSONS AND SWIM COMPETITION

Program Service Accomplishments

Program 1

Expenses: $217,253

CHILD FOCUSED WATER SAFETY ADVOCATING A FUN LEARN-TO-SWIM EXPERIENCE WITH QUALIFIED AND VETTED SWIM INSTRUCTORS. THE ORGANIZATION USES THIS PLATFORM TO TEACH FUNDAMENTAL COMPETITIVE SWIM SKILLS...

CHILD FOCUSED WATER SAFETY ADVOCATING A FUN LEARN-TO-SWIM EXPERIENCE WITH QUALIFIED AND VETTED SWIM INSTRUCTORS. THE ORGANIZATION USES THIS PLATFORM TO TEACH FUNDAMENTAL COMPETITIVE SWIM SKILLS AIMING TO INCREASE ENJOYMENT IN THE WATER. THE ORGANIZATION BENEFITS IN EXCESS OF 300 CHILDREN PER YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $210,263

Program Service Revenue $22,946

Investment Income $49

Other Revenue $30,023

TOTAL REVENUE $263,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,568

Fundraising Expenses $0

Program Expenses $217,253

Other Expenses $143,909

TOTAL EXPENSES $217,253

Year-over-Year Comparison

	2022	2021	Change
Revenue	$263,281	$152,245	+0.7%
Expenses	$217,253	$160,236	+0.4%
Net Income	$46,028	$-7,991	-6.8%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KATIE KULP	DIRECTOR	Officer	$0	$0	$0
CHUCK BEISCHEL	DIRECTOR	Officer	$0	$0	$0
PRESTON JONES	DIRECTOR	Officer	$0	$0	$0
SUSAN MURRELL	DIRECTOR	Officer	$0	$0	$0
RHONDA JOHNSON	DIRECTOR	Officer	$0	$0	$0
KERRY STEWART	TREASURER	Officer	$0	$0	$0
BETTY BERNSTEIN	PRESIDENT	Officer	$0	$0	$0
CAROL RIDDEL	VICE PRESIDENT	Officer	$0	$0	$0
CAROLINA HOWELL	DIRECTOR	Officer	$0	$0	$0
CATHY GRENIER	SECRETARY	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
2022	$263,281	$217,253	$184,192	$46,028