LAKE CHARLES RACQUET CLUB (EIN 720741704) - 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

1973

Legal Domicile

Principal Officer

MEYER SCHWARTZBERG

Phone

3374331647

Tax Period

2023-01-01 to 2023-12-31

LAKE CHARLES RACQUET CLUB, founded in 1973, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

LAKE CHARLES RACQUET CLUB IS AN EXCLUSIVE PRIVATE CLUB OFFERING THE IDEAL ENVIRONMENT FOR TENNIS, EXERCISE, SWIMMING, DINING, SOCIALIZATION, & RELAXATION.

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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 $0

Program Service Revenue $1,113,187

Investment Income $6,957

Other Revenue $-51,514

TOTAL REVENUE $1,068,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,677

Fundraising Expenses $0

Other Expenses $846,468

TOTAL EXPENSES $1,134,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,068,630	$924,786	+0.2%
Expenses	$1,134,145	$929,212	+0.2%
Net Income	$-65,515	$-4,426	+13.8%

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

Governance

Voting Members

Independent Members

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

$174,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEYER SCHWARTZBERG	CLUB MANAGER	40.00	Officer	$174,458	$0	$174,458
JILL RICE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK IEYOUB	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHANE WILKINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY JO BAYLES	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHMAN REINAUER	BOARD MEMBER	2.00	Director	$0	$0	$0
DANNY ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA BRINKMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC LEDOUX	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLIE TERRIO	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE LEE	BOARD MEMBER	2.00	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	$1,068,630	$1,134,145	$1,562,521	$-65,515
2022	$924,786	$929,212	$1,240,967	$-4,426
2021	$762,737	$938,544	$1,337,231	$-175,807
2020	$799,919	$799,025	$1,644,049	$894
2019	$871,438	$899,725	$1,698,875	$-28,287
2018	$871,904	$905,055	$1,801,962	$-33,151

LAKE CHARLES RACQUET CLUB