Social Club of St Petersburg Inc (EIN 591967966) - 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

1979

Legal Domicile

Principal Officer

Wayne Sokalski

Phone

7274232709

Tax Period

2023-01-01 to 2023-12-31

Social Club of St Petersburg Inc, founded in 1979, is a micro nonprofit in the Recreation & Sports sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 1176% operating deficit.

Mission

The Social Club of St Petersburg provides an outlet for its members to personally gros, enjoy fellowship with one another and to be there for one another. Activities are centered around the need of social interaction.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,486

Program Service Revenue $20,214

Investment Income $1

Other Revenue $4,804

TOTAL REVENUE $32,505

Expense Breakdown

Grants Paid $370,290

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,612

Other Expenses $44,322

TOTAL EXPENSES $414,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,505	$58,460	-0.4%
Expenses	$414,612	$24,742	+15.8%
Net Income	$-382,107	$33,718	-12.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Sokalski	President	020.00	Officer Director	$0	$0	$0
Anne DeMarco	Treasurer	010.00	Officer Director	$0	$0	$0
Lou Curcio	Director	001.00	Officer Director	$0	$0	$0
Sue Curcio	Secretary	001.00	Officer 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
2023	$32,505	$414,612	$18,788	$-382,107
2022	$58,460	$24,742	$572,005	$33,718
2021	$66,022	$45,924	$567,901	$20,098
2020	$55,922	$44,816	$583,052	$11,106
2019	$58,267	$51,748	$602,494	$6,519

Social Club of St Petersburg Inc