ELKS RECREATION INC (EIN 952485566) - 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

1949

Legal Domicile

Phone

8059254125

Tax Period

2023-01-01 to 2023-12-31

ELKS RECREATION INC, founded in 1949, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO FOSTER, PROMOTE, AND ENCOURAGE PUBLIC SPORTS, ATHLETICS AND OTHER AMUSEMENTS AND RECREATIONS. AND TO FOSTER AND ENCOURAGE PUBLIC PROGRAMS AND CONTESTS FOR SUCH PURPOSES

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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 $14,260

Program Service Revenue $2,697,956

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,712,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,930

Fundraising Expenses $0

Program Expenses $2,809,421

Other Expenses $2,525,172

TOTAL EXPENSES $3,059,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,712,216	$2,241,706	+0.2%
Expenses	$3,059,102	$2,413,427	+0.3%
Net Income	$-346,886	$-171,721	+1.0%

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

200

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
PETER STERLING	PRESIDENT	4.00	Officer	$0	$0	$0
SCOTT PARSONS	VICE PRESIDENT	4.00	Officer	$0	$0	$0
MIKE ARNDT	SECRETARY	4.00	Officer	$0	$0	$0
TOMMY GEE	TREASURER	4.00	Officer	$0	$0	$0
TINA TONASCIA	EMPLOYEE	50.00	Highest	$248,475	$0	$248,475
WES BROWN	DIRECTOR	4.00	Director	$0	$0	$0
AARON CASTELLANOS	DIRECTOR	4.00	Director	$0	$0	$0
CHUCK BIELY	DIRECTOR	4.00	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	$2,712,216	$3,059,102	$672,402	$-346,886
2022	$2,241,706	$2,413,427	$741,674	$-171,721
2021	$2,605,349	$2,577,307	$747,925	$28,042
2020	$1,012,736	$1,110,473	$1,016,723	$-97,737
2019	$2,142,694	$2,254,833	$683,528	$-112,139
2018	$1,938,369	$1,968,208	$881,899	$-29,839

ELKS RECREATION INC