SOMERSET RECREATION CLUB (EIN 910858203) - 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

1963

Legal Domicile

Principal Officer

DARYL GAZZARD

Phone

4257475575

Tax Period

2023-10-01 to 2024-09-30

SOMERSET RECREATION CLUB, founded in 1963, is a small nonprofit in the Recreation & Sports sector that reported $441K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 26% operating margin.

Mission

DEVELOPMENT AND PROMOTION OF YOUTH SWIMMING AND TENNIS, INCLUDING SOCIAL EXPERIENCE FOR A GENERAL MEMBERSHIP OF APPROXIMATELY 180.

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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 $219,684

Program Service Revenue $187,799

Investment Income $3,077

Other Revenue $30,597

TOTAL REVENUE $441,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,593

Fundraising Expenses $0

Program Expenses $326,782

Other Expenses $208,189

TOTAL EXPENSES $326,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,157	$452,329	0.0%
Expenses	$326,782	$309,255	+0.1%
Net Income	$114,375	$143,074	-0.2%

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

100

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
EMILIE CASTLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH FERN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD GARR	BOARD MEMBER	2.00	Director	$0	$0	$0
DARYL GAZZARD	PRESIDENT	5.00	Officer Director	$0	$0	$0
HEATHER KRABBE	TREASURER	5.00	Officer Director	$0	$0	$0
JENNIFER LI	BOARD MEMBER	2.00	Director	$0	$0	$0
PO LIM	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SARAH MOON	BOARD MEMBER	2.00	Director	$0	$0	$0
TRANG PHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
FRED ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
DEREK ROTH	BOARD MEMBER	2.00	Director	$0	$0	$0
SANA SFAR	SECRETARY	5.00	Officer Director	$0	$0	$0
JIM UMBECK	CLUB MANAGER	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	$441,157	$326,782	$826,254	$114,375
2023	$452,329	$309,255	$716,389	$143,074
2022	$437,922	$304,472	$592,831	$133,450
2021	$379,948	$257,398	$465,254	$122,550
2020	$175,487	$157,384	$230,016	$18,103

SOMERSET RECREATION CLUB