1700 BROADWAY CLUB INC

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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

2018

Legal Domicile

Principal Officer

RON HOYL

Phone

6176039257

Tax Period

2023-01-01 to 2023-12-31

1700 BROADWAY CLUB INC, founded in 2018, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 115% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS A SOCIAL AND RECREATION CLUB FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND OTHER NONPROFIT PURPOSES. THE CORPORATION HAS BEEN FORMED TO FOSTER A SENSE OF COMMUNITY AMONG THE TENANTS, MANAGEMENT AND OWNERS OF 1700 BROADWAY, NEW YORK, NY

Program Service Accomplishments

Program 1

Revenue: $214,818

MEMBERSHIP- MONTHLY MEMBERSHIP TO A PRIVATE SOCIAL AND RECREATION CLUB FOR THE TENANTS OF 1700 BROADWAY, NEW YORK, NY

Program 2

Expenses: $331,806 Revenue: $962,796

FOOD & BEVERAGE- LIMITED SERVICE RESTAURANT FOR THE MEMBERS.MEMBER PRIVATE EVENT - CATERING FOOD & BEVERAGES PROVIDED FOR THE PRIVATE EVENTS ALONG WITH A MEETING ROOM FOR BOTH MEMBERS AND THEIR...

FOOD & BEVERAGE- LIMITED SERVICE RESTAURANT FOR THE MEMBERS.MEMBER PRIVATE EVENT - CATERING FOOD & BEVERAGES PROVIDED FOR THE PRIVATE EVENTS ALONG WITH A MEETING ROOM FOR BOTH MEMBERS AND THEIR INVITED GUESTS.

Program 3

Expenses: $7,930 Revenue: $0

FITNESS & PROGRAMS - FITNESS CLUB FOR MEMBER USE ONLY; PROGRAMS OFFERED TO MEMBERS WHICH INCLUDE WEEKLY YOGA

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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 $1,177,614

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,177,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $339,736

Other Expenses $2,537,653

TOTAL EXPENSES $2,537,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,614	$1,381,121	-0.1%
Expenses	$2,537,653	$1,366,901	+0.9%
Net Income	$-1,360,039	$14,220	-96.6%

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

Employees

N/A

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
JAMES NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER RAYMOND	DIRECTOR	0.00	Director	$0	$0	$0
RON HOYL	DIRECTOR	0.00	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	$1,177,614	$2,537,653	$301,710	$-1,360,039
2022	$1,381,121	$1,366,901	$423,514	$14,220
2021	$705,950	$729,884	$382,182	$-23,934
2020	$359,646	$744,662	$323,486	$-385,016
2019	$289,267	$346,833	$316,704	$-57,566