Cold Spring Athletic Club

Plymouth, MA · Mutual-benefit / member-serving · Since 1933

! Not tax-deductible
Revenue
$177K
+3% vs prior year
Spent
$230K
To programs
82%
Net assets
$754K
By yearFY2021–FY2024
Revenue
$177K
FY2024▲ +3%
Revenue by fiscal year
FY2021$220K
FY2022$209K
FY2023$243K
FY2023$171K
FY2024$177K
Expenses
$230K
FY2024▲ +5%
Expenses by fiscal year
FY2021$170K
FY2022$230K
FY2023$234K
FY2023$219K
FY2024$230K
Net assets
$754K
FY2024▼ -5%
Net assets by fiscal year
FY2021$824K
FY2022$803K
FY2023$812K
FY2023$797K
FY2024$754K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCold Spring Athletic Club
EINHdr · item D04-1191330
Exempt statusHdr · item I501(c)(7) · active
Ruling yearIRS BMFNov 1972
Year of formationHdr · item L1933
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPlymouth, MA
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$189K
Management & general18%$42K
Total functional expensesLn 25$230K

Financial health

Is it on solid ground?

Surplus margin
-30%
revenue over expenses, this year▼ -8% vs prior filing year
Program spending
82%
of expenses reach programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$754K
FY2024▼ -5%
Total assets by fiscal year
FY2021$826K
FY2022$805K
FY2023$812K
FY2023$797K
FY2024$754K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2021$2K
FY2022$2K
FY2023$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$53K
Total assetsPt X · Ln 16$754K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$228K
Total assetsLn 16$754K
Total liabilitiesLn 26$0
Total net assetsLn 32$754K
Months of cash on handcomputed11.9

Statement of Revenue

Part VIII
Other revenue$127K · 72%
Contributions & grants$33K · 19%
Investment income$17K · 9%
Other revenue72%$127K
Contributions & grants19%$33K
Investment income9%$17K
Total revenueLn 12$177K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $551K · Operating expenses/yr $230K
28.7 months
Where the money goes
Program services
Program services $189K · Total expenses $230K
82%
Management & General
Management & general $42K · Total expenses $230K
18%
Fundraising
Fundraising $0 · Total expenses $230K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $33K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $33K · Total revenue $177K
19%
Government reliance
Government grants — · Total revenue $177K
—
Earned-income share
Program service revenue $0 · Total revenue $177K
0%
Investment reliance
Investment income $17K · Total revenue $177K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $230K
0%
Growth & trend
Revenue growth (YoY)
This year $177K · Prior year $171K
+3%
Revenue CAGR
FY2020 $220K · FY2024 $177K
-5%
Net-asset trend (YoY)
End of year $754K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $177K · Expenses $230K
-30%
Liabilities-to-Assets
Total liabilities — · Total assets $754K
—
Net-asset ratio
Net assets $754K · Total assets $754K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $323K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $754K
43%
People & payroll
Highest Reported Total Compensation
Individual George Zmudzien · Reported title Treasurer · Highest reported compensation $18K · Total expenses $230K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $230K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Revenue growth 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$18,200Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021
Sean Grealis———$19,500$20,250
George Zmudzien——$20,200——
George Zmudzien$18,200$18,950———
Joseph Ottino——$1,500——
Joseph Ottino———$1,500$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Cold Spring Athletic Club is a member-serving organization based in Plymouth, MA, formed in 1933.

Provided by the organization

This section is blank until Cold Spring Athletic Club claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $189K of program spending, described in the organization's own filed words · FY2024.
01

The Club provides new equipment and regular maintenance of a club house and equipment for the exclusive use of its members. Further, the Club makes contributions to community charities, youth sporting programs and to other charitable organizations.

$189Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $177K$230K+3% 990 PDF
FY2023 $243K$234K+17% 990 PDF
FY2022 $209K$230K-5% 990 PDF
FY2021 $220K$170K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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