FRA CLUB #290 INC

EIN: 591152939 Recreation & Sports

ATLANTIC BEACH, FL

Total Revenue
$151,921
Total Expenses
$157,710
Total Assets
$20,756
Net Assets
$20,756
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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
1967
Legal Domicile
FL
Principal Officer
DENNIS RINGHEIMER
Phone
9047432111
Tax Period
2024-01-01 to 2024-12-31

FRA CLUB #290 INC, founded in 1967, is a small nonprofit in the Recreation & Sports sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE OUR MEMBERS & COMMUNITY WITH BENEFITS AND IMPROVE THE STANDARD OF LIVING FOR OUR ARMED FORCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,400
Program Service Revenue $0
Investment Income $25
Other Revenue $150,496
TOTAL REVENUE $151,921

Expense Breakdown

Grants Paid $16,712
Salaries & Benefits $103,097
Fundraising Expenses $0
Other Expenses $37,901
TOTAL EXPENSES $157,710

Year-over-Year Comparison

2024 2023 Change
Revenue $151,921 $190,174 -0.2%
Expenses $157,710 $218,715 -0.3%
Net Income $-5,789 $-28,541 -0.8%
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
16
Independent Members
16
Employees
10
Volunteers
25

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS RINGHEIMER PRESIDENT N/A
Officer
$0 $0 $0
JIM MCCLUSKY SECRETARY N/A
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
2024 $151,921 $157,710 $20,756 $-5,789
2023 $190,174 $218,715 $26,545 $-28,541
2022 $332,836 $162,661 $55,086 $170,175
2021 $268,720 $192,982 $52,543 $75,738
2020 $161,524 $182,282 $32,957 $-20,758
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