THE LANDINGS RACQUET CLUB INC (EIN 592847526) - 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

1984

Legal Domicile

Principal Officer

NORMAN OLSHABSKY

Tax Period

2023-01-01 to 2023-12-31

THE LANDINGS RACQUET CLUB INC, founded in 1984, is a small nonprofit that reported $633K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 36 months of operating reserves.

Mission

THE PURPOSE OF THE CLUB IS TO PROVIDE MEMBERS WITH THE USE AND ENJOYMENT OF RECREATIONAL FACILITIES. FACILITIES INCLUDE 8 TENNIS COURTS, SWIMMING POOL, A FITNESS EQUIPMENT BUILDING, TWO SOCIAL CLUBHOUSES AND A PRO SHOP/ADMIN BUILDING ALL AVAILABLE DAILY TO MEMBERS

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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 $579,315

Program Service Revenue $51,205

Investment Income $129

Other Revenue $2,811

TOTAL REVENUE $633,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,625

Fundraising Expenses $0

Program Expenses $260,572

Other Expenses $396,005

TOTAL EXPENSES $631,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,460	$567,784	+0.1%
Expenses	$631,630	$572,688	+0.1%
Net Income	$1,830	$-4,904	-1.4%

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

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
NEIL GOLDMAN	DIRECTOR	6.00	Director	$0	$0	$0
GEORGE ULRICH	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE PACKMAN	DIRECTOR	3.00	Director	$0	$0	$0
BOB GOLICHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN DEMOS	SECRETARY	3.00	Officer Director	$0	$0	$0
BETH COTNER	PRESIDENT	6.00	Officer Director	$0	$0	$0
NORMAN OLSHABSKY	TREASURER	3.00	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
2024	No data	No data	No data	No data
2023	$633,460	$631,630	$2,133,202	$1,830
2022	$567,784	$572,688	$1,956,867	$-4,904
2020	$598,367	$545,645	$1,823,171	$52,722
2019	$666,140	$607,786	$1,780,135	$58,354
2018	$649,726	$571,677	$1,604,428	$78,049

THE LANDINGS RACQUET CLUB INC