WINTER PARK RACQUET CLUB INC (EIN 590733013) - 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

1978

Legal Domicile

Principal Officer

JASON BATES

Phone

4076442226

Tax Period

2024-01-01 to 2024-12-31

WINTER PARK RACQUET CLUB INC, founded in 1978, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $7.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

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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 $0

Program Service Revenue $5,146,490

Investment Income $9,201

Other Revenue $1,624,423

TOTAL REVENUE $6,780,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,384,802

Fundraising Expenses $0

Other Expenses $3,410,680

TOTAL EXPENSES $7,795,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,780,114	$5,376,053	+0.3%
Expenses	$7,795,482	$7,195,679	+0.1%
Net Income	$-1,015,368	$-1,819,626	-0.4%

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

169

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

$291,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB CARTER	PRESIDENT	17.00	Officer Director	$0	$0	$0
BRIAN CUMMING	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVID FORRESTER	TREASURER	4.00	Officer Director	$0	$0	$0
SARA GLOMSKI	SECRETARY	4.00	Officer Director	$0	$0	$0
NIKKI BELL-GIDDENS	IMMEDIATE PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
JASON BATES	GOVERNOR	1.50	Director	$0	$0	$0
ELIZABETH BELL	GOVERNOR	1.50	Director	$0	$0	$0
SAM PONTIUS	GOVERNOR	1.50	Director	$0	$0	$0
AMBER DAVIS	GOVERNOR	1.50	Director	$0	$0	$0
GABE MILLER	GOVERNOR	1.50	Director	$0	$0	$0
SCOTT L'HEUREUX	GOVERNOR	1.50	Director	$0	$0	$0
ANDRE VIDRINE	GOVERNOR	1.50	Director	$0	$0	$0
IAN H MUNROE	GENERAL MANAGER/CHIEF OP.	40.00	Officer	$277,908	$13,324	$291,232
DANIEL WEBER	CHEF	40.00	Highest	$109,430	$9,579	$119,009
RICHARD SCHMIDT	TENNIS MANAGER	40.00	Highest	$174,113	$5,783	$179,896
ALEXIS DICKINSON	EVENTS AND CATERING DIRECT	40.00	Highest	$109,400	$9,758	$119,158
ROBERT KENDRICK	TENNIS MANAGER	40.00	Highest	$115,399	$9,764	$125,163

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	$6,780,114	$7,795,482	$12,831,619	$-1,015,368
2023	$5,376,053	$7,195,679	$12,111,740	$-1,819,626
2022	$4,589,510	$6,454,480	$12,571,498	$-1,864,970
2021	$3,793,264	$5,232,830	$13,114,773	$-1,439,566
2020	$3,344,435	$4,127,203	$13,534,220	$-782,768
2019	$3,754,160	$4,451,460	$13,850,137	$-697,300
2018	$3,529,110	$4,313,006	$10,783,893	$-783,896

WINTER PARK RACQUET CLUB INC