SQUIRES SOCIAL CLUB INC

EIN: 853011321 Recreation & Sports

Norfolk, VA

Total Revenue
$640,347
Total Expenses
$669,384
Total Assets
$12,362
Net Assets
$-35,103
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Tax Period
2024-01-01 to 2024-12-31

SQUIRES SOCIAL CLUB INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $399K in total revenue in fiscal year 2022. Expenses of $373K left a modest 7% surplus.

Mission

To promote gatherings for social entertainment; to provide private facilities for socializing, consumption of food and beverages, viewing of sports and other broadcast media presentations, and enjoy dance and live performance events.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,198
Program Service Revenue $673,475
Investment Income $0
Other Revenue $-173,326
TOTAL REVENUE $640,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,464
Fundraising Expenses $0
Program Expenses $571,601
Other Expenses $541,920
TOTAL EXPENSES $669,384

Year-over-Year Comparison

2024 2023 Change
Revenue $640,347 $758,885 -0.2%
Expenses $669,384 $773,382 -0.1%
Net Income $-29,037 $-14,497 +1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
14
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA MOLNAR DIRECTOR 10.00
Director
$0 $0 $0
JEREMY ZALAS PRESIDENT SECRETARY TREASURE 40.00
Officer
$0 $0 $0
BRIAN SMITH VICE PRESIDENT 0.00
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
2024 $640,347 $669,384 $12,362 $-29,037
2023 $758,885 $773,382 $42,363 $-14,497
2022 $399,298 $372,799 $35,407 $26,499
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