PALM SPRINGS CLUB (EIN 952081287) - 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

1955

Legal Domicile

Principal Officer

JASON FOSTER

Tax Period

2022-01-01 to 2022-12-31

PALM SPRINGS CLUB, founded in 1955, is a micro nonprofit that reported $28K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $46K exceeded revenue, resulting in a 62% operating deficit.

Mission

MEMBERS SOCIALIZE WITH EACH OTHER WHILE ENJOYING LUNCHES AND DINNERS. THEY MAY ALSO ENGAGE IN PLAYING DOMINOES, CARD GAMES AND WATCH TELEVISION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $37,661

Program Service Revenue $0

Investment Income $0

Other Revenue $-9,330

TOTAL REVENUE $28,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $45,915

TOTAL EXPENSES $45,915

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,331	$32,762	-0.1%
Expenses	$45,915	$38,934	+0.2%
Net Income	$-17,584	$-6,172	+1.8%

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	Role	Reportable Comp	Other Comp	Total
HUNTER HOUGH	DIRECTOR	Director	$0	$0	$0
CHRIS FOSTER	DIRECTOR	Director	$0	$0	$0
STEVE LAKE	DIRECTOR	Director	$0	$0	$0
JIM CIOFFI	DIRECTOR	Director	$0	$0	$0
PATRICK SERVICE	DIRECTOR	Director	$0	$0	$0
ARON LYONS	TREASURER	Officer	$0	$0	$0
JASON FOSTER	SECRETARY	Officer	$0	$0	$0
MICHAEL PITTS	VICE PRESIDENT	Officer	$0	$0	$0
ANTHONY CIOFFI	PRESIDENT	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
2022	$28,331	$45,915	$40,262	$-17,584
2021	$32,762	$38,934	$55,300	$-6,172
2020	$34,492	$40,429	$59,474	$-5,937
2019	$55,871	$37,155	$65,594	$18,716
2018	$33,871	$38,696	$58,453	$-4,825

PALM SPRINGS CLUB