Portland Country 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

1895

Legal Domicile

Principal Officer

Arthur W Batson III

Phone

2077812340

Tax Period

2024-04-01 to 2025-03-31

Portland Country Club, founded in 1895, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

To provide members with social and recreational opportunities.

Program Service Accomplishments

Program 1

Portland Country Club is organized for social purposes, the promotion and advancement of the game of golf and other athletic sports, and the maintenance of a clubhouse and grounds in the Town of...

Portland Country Club is organized for social purposes, the promotion and advancement of the game of golf and other athletic sports, and the maintenance of a clubhouse and grounds in the Town of Falmouth, County of Cumberland, State of Maine, for the use of the members of the Club and all others who may, from time to time, be admitted to its privileges.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87,500

Program Service Revenue $6,121,152

Investment Income $-6,949

Other Revenue $506,444

TOTAL REVENUE $6,708,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,815,471

Fundraising Expenses $0

Other Expenses $2,698,765

TOTAL EXPENSES $5,514,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,708,147	$5,920,896	+0.1%
Expenses	$5,514,236	$5,108,234	+0.1%
Net Income	$1,193,911	$812,662	+0.5%

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

137

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

$300,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eugene G Ardito	Governor	1.00	Director	$0	$0	$0
Joseph Bruno	Governor	1.00	Director	$0	$0	$0
Stephen P DeCastro	Governor (start 2/2025)	1.00	Director	$0	$0	$0
Stephen Eddy	Governor (end 2/2025)	1.00	Director	$0	$0	$0
William P Faucher	Governor (end 2/2025)	1.00	Director	$0	$0	$0
Jay Flower	Governor (start 2/2025)	1.00	Director	$0	$0	$0
Lisa R Gorman	Governor	1.00	Director	$0	$0	$0
Catherine Honeycomb	Governor (start 2/2025)	1.00	Director	$0	$0	$0
Jake O Jones	Governor	1.00	Director	$0	$0	$0
Timothy M Longstaff	Governor	1.00	Director	$0	$0	$0
Edward S McKersie	Governor (end 2/2025)	1.00	Director	$0	$0	$0
Lisa Noonan	Governor (end 10/2024)	1.00	Director	$0	$0	$0
Andre Pires	Governor (start 10/2025)	1.00	Director	$0	$0	$0
Matthew J Stowell	President (end 2/2025)	1.00	Officer Director	$0	$0	$0
Arthur W Batson III	President	1.00	Officer Director	$0	$0	$0
Jotham Pierce	Treasurer (start 2/2025)	1.00	Officer Director	$0	$0	$0
Kristen G King	Secretary	1.00	Officer Director	$0	$0	$0
James Gusella	General Manager	40.00	Officer	$267,632	$32,653	$300,285
Daniel Venezio	Golf Pro	40.00	Highest	$139,311	$23,114	$162,425
Elaine Runyon	Controller	40.00	Highest	$136,129	$16,378	$152,507
James Christie	Golf Superintendent	40.00	Highest	$133,964	$25,477	$159,441
Thomas A Dillman	Head Rackets Pro	40.00	Highest	$112,821	$15,215	$128,036
Kenneth MacDonald	Executive Chef	40.00	Highest	$110,488	$30,324	$140,812

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
2025	$6,708,147	$5,514,236	$19,134,147	$1,193,911
2024	$5,920,896	$5,108,234	$16,964,521	$812,662
2023	$5,585,841	$4,997,437	$16,001,723	$588,404
2022	$5,682,051	$4,553,387	$15,784,752	$1,128,664
2021	$4,267,604	$3,508,935	$13,768,763	$758,669
2020	$4,821,489	$4,096,269	$12,553,142	$725,220
2019	$4,063,578	$3,792,794	$11,876,190	$270,784
2018	$4,516,457	$3,542,134	$11,427,809	$974,323