THE RACQUET CLUB

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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

1945

Legal Domicile

Principal Officer

TERRI GOTCHER

Phone

5032235460

Tax Period

2024-10-01 to 2025-09-30

THE RACQUET CLUB, founded in 1945, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE CLUB PROVIDES FACILITIES FOR ITS MEMBERS TO PLAY INDOOR AND OUTDOOR TENNIS AND SWIMMING, AS WELL AS A RESTAURANT FOR FINE DINING. THE CLUB ALSO PROVIDES PROFESSIONAL INSTRUCTION IN TENNIS TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES FACILITIES FOR ITS MEMBERS TO PLAY INDOOR AND OUTDOOR TENNIS AND TO SWIM. THE CLUB ALSO PROVIDES PROFESSIONAL INSTRUCTION IN TENNIS.

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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 $0

Program Service Revenue $1,403,771

Investment Income $0

Other Revenue $87,947

TOTAL REVENUE $1,491,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,682

Fundraising Expenses $0

Other Expenses $818,414

TOTAL EXPENSES $1,483,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,491,718	$1,360,961	+0.1%
Expenses	$1,483,096	$1,403,539	+0.1%
Net Income	$8,622	$-42,578	-1.2%

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

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
MICHELLE GLASS	GENERAL MANA	40.00	Highest	$132,000	$0	$132,000
FANNY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ELENA BULLER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CUNNINGHAM	SECRETARY	1.00	Director	$0	$0	$0
CODY CUPPER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
TERRI GOTCHER	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSH HUSBANDS	TREASURER	1.00	Officer Director	$0	$0	$0
JUNE KIM	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LEE RAHR	DIRECTOR	1.00	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
2025	$1,491,718	$1,483,096	$1,460,591	$8,622
2024	$1,360,961	$1,403,539	$1,434,102	$-42,578
2023	$1,266,253	$1,381,341	$1,470,708	$-115,088
2022	$1,460,331	$1,317,584	$1,660,241	$142,747
2021	$1,249,927	$1,185,461	$1,519,244	$64,466
2020	$1,078,026	$1,165,582	$1,408,910	$-87,556
2019	$1,169,826	$1,194,610	$1,508,103	$-24,784
2018	$1,176,345	$1,042,638	$1,544,594	$133,707