GLEN COVE SWIM CLUB INC (EIN 751287773) - 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

1966

Legal Domicile

Principal Officer

Sara Weaver

Phone

9729655570

Tax Period

2024-01-01 to 2024-12-31

GLEN COVE SWIM CLUB INC, founded in 1966, is a small nonprofit in the Recreation & Sports sector that reported $201K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $172K left a modest 15% surplus.

Mission

The purpose of the organization is to support and maintain a Swim Club for the residents of Glen Cove addition in the city of Dallas, Texas and to maintain in regard thereto, facilities for the engaging in swim sports, activities and other community activities. The activities are conducted at the Glen Cove Swim Club location on 11818 Rosser Rd, Dallas, TX 75244 by the members of the club. The club is funded my annual membership dues assigned to each member.

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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 $191,742

Program Service Revenue $0

Investment Income $9,345

Other Revenue $0

TOTAL REVENUE $201,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,001

Fundraising Expenses $0

Program Expenses $211,477

Other Expenses $85,772

TOTAL EXPENSES $171,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,087	$313,622	-0.4%
Expenses	$171,773	$247,899	-0.3%
Net Income	$29,314	$65,723	-0.6%

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

150

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
Kelly Dickerson	Vice President	3.00	Officer	$0	$0	$0
Sara Weaver	President	3.00	Officer	$0	$0	$0
Jennifer Burks	Treasurer	3.00	Officer	$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
2025	No data	No data	No data	No data
2024	$201,087	$171,773	No data	$29,314

GLEN COVE SWIM CLUB INC