RAFAEL RACQUET 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

1975

Legal Domicile

Principal Officer

TOM GRAVES

Phone

4154565522

Tax Period

2023-01-01 to 2023-12-31

RAFAEL RACQUET CLUB INC, founded in 1975, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $926K, a strong 27% operating margin.

Mission

THE CLUB'S OBJECTIVE IS TO PROMOTE TENNIS AND SWIMMING, AND TO ASSIST MEMBERS IN BECOMING PROFICIENT IN SUCH PURSUITS. THE CLUB ALSO PROVIDES A MEETING PLACE AND PROMOTES ACTIVITIES FOR ITS MEMBERS. THE CLUB CURRENTLY SERVES MORE THAN 500 MEMBERS.

Program Service Accomplishments

Program 1

MEMBERSHIP DUES ARE COLLECTED FROM MEMBERS TO ACCESS ALL OF THE ORGANIZATIONS'S FACILITIES, CLASSES, SOCIAL EVENTS. THE ORGANIZATION OFFERS RECREATIONAL ACTIVITIES, A VARIETY OF SOCIAL EVENTS...

MEMBERSHIP DUES ARE COLLECTED FROM MEMBERS TO ACCESS ALL OF THE ORGANIZATIONS'S FACILITIES, CLASSES, SOCIAL EVENTS. THE ORGANIZATION OFFERS RECREATIONAL ACTIVITIES, A VARIETY OF SOCIAL EVENTS, COMPETITIVE TENNIS, AND SWIM PROGRAMS TO BOTH CHILDREN AND ADULTS.

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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 $1,854,326

Investment Income $43,098

Other Revenue $1,505,083

TOTAL REVENUE $3,402,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,491,782

Fundraising Expenses $0

Other Expenses $985,009

TOTAL EXPENSES $2,476,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,402,507	$2,257,086	+0.5%
Expenses	$2,476,791	$2,386,912	+0.0%
Net Income	$925,716	$-129,826	-8.1%

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

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
MICHAEL WEAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
IAIN ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID TARANTINO	TREASURER	1.00	Officer Director	$0	$0	$0
JON FREUDMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE NARDONE	AT-LARGE	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
2024	No data	No data	No data	No data
2023	$3,402,507	$2,476,791	$6,605,284	$925,716
2022	$2,257,086	$2,386,912	$5,553,439	$-129,826
2021	$2,338,938	$2,091,956	$5,698,987	$246,982
2020	$1,645,086	$1,696,232	$5,247,592	$-51,146
2019	$1,930,894	$2,039,940	$5,196,568	$-109,046
2018	$2,140,376	$1,940,538	$5,195,465	$199,838