FAIRBRAE SWIM 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

1959

Legal Domicile

Principal Officer

ALEX ROMANKO

Phone

4087393833

Tax Period

2023-01-01 to 2023-12-31

FAIRBRAE SWIM CLUB, founded in 1959, is a small nonprofit that reported $684K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $631K left a modest 8% surplus.

Mission

TO PROVIDE CONVENIENT ACCESS TO FITNESS, SOCIAL AND OTHER RECREATIONAL ACTIVITIES TO MEMBERS OF THE FAIRBRAE NEIGHBORHOOD COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $477,779 Revenue: $125,400

THE CLUB PROVIDES 300 MEMBER FAMILIES WITH A SWIM AND RACQUET CLUB AND ACCESS TO SOCIAL AND COMMUNITY SERVICE EVENTS YEAR-ROUND. ACTIVITIES ALSO INCLUDE AN ORGANIZED SWIM TEAM AND HOSTING SWIM MEETS WITH OTHER LOCAL CLUBS. THE CLUB HOSTED VARIOUS LESSONS AND CLASSES THROUGHOUT THE YEAR INCLUDING SWIM LESSONS, YOGA AND JAZZERCISE.

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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 $517,508

Program Service Revenue $125,400

Investment Income $3,151

Other Revenue $37,917

TOTAL REVENUE $683,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,549

Fundraising Expenses $0

Program Expenses $477,779

Other Expenses $419,439

TOTAL EXPENSES $630,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$683,976	$600,948	+0.1%
Expenses	$630,988	$540,419	+0.2%
Net Income	$52,988	$60,529	-0.1%

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

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
NATE GARDNER	PRESIDENT	8.00	Officer Director	$0	$0	$0
JOHN KAUFMANN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
KEVIN SHEN	SECRETARY	6.00	Officer Director	$0	$0	$0
MICHAEL QUINLAN	TREASURER	6.00	Officer Director	$0	$0	$0
CASILDA DE BENITO	MEMBER AT-LARGE	0.50	Director	$0	$0	$0
FREDERICK STORK	MEMBER AT-LARGE	0.50	Director	$0	$0	$0
DAN GIVOL	MEMBER AT-LARGE	0.50	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	$683,976	$630,988	$923,765	$52,988
2022	$600,948	$540,419	$628,037	$60,529
2021	$538,864	$492,980	$581,652	$45,884
2020	$476,340	$433,754	$565,567	$42,586
2019	$542,605	$502,646	$492,996	$39,959
2018	$549,284	$484,980	$450,275	$64,304