WATERVILLE 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

1936

Legal Domicile

Principal Officer

NICHOLAS PELOTTE

Phone

2074652838

Tax Period

2023-11-01 to 2024-10-31

WATERVILLE COUNTRY CLUB, founded in 1936, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

PROMOTION OF OUTDOOR SPORTS THROUGH THE OPERATION OF AN EIGHTEEN HOLE GOLF COURSE AND RELATED SERVICES.

Program Service Accomplishments

Program 1

Expenses: $841,177 Revenue: $1,077,768

THE PURPOSE OF THE WATERVILLE COUNTRY CLUB IS THE PROMOTION OF OUTDOOR SPORTS FOR ITS MEMBERS. THIS IS ACHEIVED THROUGH THE OPERATION OF A GOLF COURSE WITH CART RENTALS, ANNUAL GOLF TOURNAMENTS AND STORAGE FACILITIES. DURING THE YEAR ENDED 10/31/24, THE WATERVILLE COUNTRY CLUB HAD 399 MEMBERS.

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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 $1,289,879

Investment Income $9,425

Other Revenue $-102,954

TOTAL REVENUE $1,196,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,051

Fundraising Expenses $0

Program Expenses $841,177

Other Expenses $656,903

TOTAL EXPENSES $1,199,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,196,350	$1,196,615	0.0%
Expenses	$1,199,954	$1,101,571	+0.1%
Net Income	$-3,604	$95,044	-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

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

$93,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED GLASHEEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL RISINGER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DEREK GERVAIS	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID MOSS	SECRETARY	5.00	Officer Director	$0	$0	$0
ANDREW GLASHEEN	DIRECTOR	1.00	Director	$0	$0	$0
JENN SEEKINS	DIRECTOR	1.00	Director	$0	$0	$0
TJ SMART	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
STEW DURRELL	DIRECTOR	1.00	Director	$0	$0	$0
KEN PHAIR	DIRECTOR	1.00	Director	$0	$0	$0
JOSH WITHEE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SCHUTTE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS PELOTTE	GENERAL MANA	40.00	Officer	$93,895	$0	$93,895

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	$1,196,350	$1,199,954	$1,610,288	$-3,604
2023	$1,196,615	$1,101,571	$1,700,867	$95,044
2022	$1,308,229	$1,148,661	$1,368,361	$159,568
2021	$1,286,580	$1,059,757	$1,463,179	$226,823
2020	$877,377	$953,692	$1,150,884	$-76,315
2019	$935,195	$1,041,975	$1,037,916	$-106,780
2018	$949,425	$964,933	$1,092,776	$-15,508