CAREFREE CLUBHOUSE CORPORATION

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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

1996

Legal Domicile

Principal Officer

JUDY COX

Phone

2397318500

Tax Period

2024-01-01 to 2024-12-31

CAREFREE CLUBHOUSE CORPORATION, founded in 1996, is a small nonprofit that reported $917K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 20% operating margin.

Mission

TO FACILITATE SOCIAL AND RECREATIONAL USE AND ENJOYMENT OF THE CLUBHOUSE FACILITIES AND RESOURCES BY ITS MEMBERS, TO SUPPORT MEMBER ACTIVITIES AND EVENTS, AND TO ENCOURAGE A SENSE OF COMMMUNITY AMONG ALL MEMBERS.

Program Service Accomplishments

Program 1

ARTS WEEK IS SPONSORED BY THE ARTS COMMITTEE, A WEEKLONG CELEBRATION OF THE ARTS. THE ART SHOWS FEATURES ART PRODUCED BY COMMUNITY MEMBERS ACROSS VARIOUS MEDIA. THE CHORUS AND BAND EACH HAVE A...

ARTS WEEK IS SPONSORED BY THE ARTS COMMITTEE, A WEEKLONG CELEBRATION OF THE ARTS. THE ART SHOWS FEATURES ART PRODUCED BY COMMUNITY MEMBERS ACROSS VARIOUS MEDIA. THE CHORUS AND BAND EACH HAVE A CONCERT. ALL THE ACTIVITIES ARE ATTENDED BY A LARGE MAJORITY OF COMMUNITY MEMBERS. THE MONEY RAISED HELPS BUY ART SUPPLIES AND MUSIC FOR THE NEXT YEAR OR TO HELP FUND THEIR RESERVES.

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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 $845,661

Investment Income $24,165

Other Revenue $46,912

TOTAL REVENUE $916,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,413

Fundraising Expenses $0

Other Expenses $560,266

TOTAL EXPENSES $733,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$916,738	$520,942	+0.8%
Expenses	$733,679	$492,723	+0.5%
Net Income	$183,059	$28,219	+5.5%

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

278

Independent Members

N/A

Employees

Volunteers

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
JOYCE COCHRANE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JUDY COX	PRESIDENT	N/A	Officer Director	$0	$0	$0
DOTTIE DAVIES	DIRECTOR	N/A	Officer Director	$0	$0	$0
MARJORIE FRENCH	TREASURER	N/A	Officer Director	$0	$0	$0
SUSAN MURRAY	SECRETARY	N/A	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	$916,738	$733,679	$1,045,909	$183,059
2023	$520,942	$492,723	$703,441	$28,219
2022	$443,810	$413,360	$718,054	$30,450
2021	$308,364	$307,208	$585,153	$1,156
2020	$409,392	$380,018	$566,878	$29,374
2019	$442,487	$410,058	$543,540	$32,429
2018	$382,540	$292,127	$470,685	$90,413