CORPORATE EMPLOYEES REC ASSOC ASSOCIATION (EIN 750825659) - 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

1996

Legal Domicile

Principal Officer

DAVID RAPISAND

Phone

8177327731

Tax Period

2023-01-01 to 2023-12-31

CORPORATE EMPLOYEES REC ASSOC ASSOCIATION, founded in 1996, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $3.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ASSOCIATION PROVIDES A MEANS OF FOSTERING, MANAGING, CONDUCTING AND COORDINATING VARIOUS RECREATIONAL ACTIVITIES FOR THE USE OF THE LOCAL EMPLOYEES OF OUR ASSOCIATE COMPANIES

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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 $2,138,147

Investment Income $129,378

Other Revenue $599,675

TOTAL REVENUE $2,867,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,717,184

Fundraising Expenses $0

Program Expenses $3,203,369

Other Expenses $1,945,199

TOTAL EXPENSES $3,662,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,867,200	$2,728,638	+0.1%
Expenses	$3,662,383	$3,625,302	+0.0%
Net Income	$-795,183	$-896,664	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RAPISAND	PRESIDENT/DI	12.00	Officer Director	$0	$0	$0
DAN CARTIE	SECRETARY/DI	1.00	Officer Director	$0	$0	$0
GREG WALKER	TREASURER/DI	3.00	Officer Director	$0	$0	$0
PETER STANFILL	DIRECTOR	5.00	Director	$0	$0	$0
JOHN BABB	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL MAZUROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MACKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
COLE HAGAR	DIRECTOR	1.00	Director	$0	$0	$0
CONNER VENTURA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MCQUATTERS	OPERATIONS M	40.00	Highest	$104,169	$0	$104,169

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	$2,867,200	$3,662,383	$22,265,987	$-795,183
2022	$2,728,638	$3,625,302	$21,768,689	$-896,664
2021	$2,749,035	$3,511,360	$24,831,666	$-762,325
2020	$2,649,699	$3,372,311	$23,720,470	$-722,612
2019	$2,614,313	$3,442,848	$23,682,829	$-828,535

CORPORATE EMPLOYEES REC ASSOC ASSOCIATION