THE WOODLANDS CLUB

EIN: 010414169

FALMOUTH, ME

Total Revenue
$13,052,330
Total Expenses
$9,457,449
Total Assets
$19,609,164
Net Assets
$13,214,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
ME
Principal Officer
DEB ABONDANZA
Phone
2077813104
Tax Period
2024-01-01 to 2024-12-31

THE WOODLANDS CLUB, founded in 1986, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 28% operating margin.

Mission

THE WOODLANDS CLUB IS A PRIVATE, MEMBER OWNED, RECREATIONAL, ATHLETIC AND DINING CLUB ESTABLISHED IN 1986 FOR SOCIAL ENJOYMENT OF ITS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,582,165
Investment Income $50,744
Other Revenue $5,419,421
TOTAL REVENUE $13,052,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,048,269
Fundraising Expenses $0
Other Expenses $3,409,180
TOTAL EXPENSES $9,457,449

Year-over-Year Comparison

2024 2023 Change
Revenue $13,052,330 $9,741,979 +0.3%
Expenses $9,457,449 $9,282,907 +0.0%
Net Income $3,594,881 $459,072 +6.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
215
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
2
$471,825
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA ABBONDANZA PRESIDENT 6.00
Officer Director
$0 $0 $0
MEREDITH ROUSSEAU VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BRENT DEMICHAEL TREASURER 4.00
Officer Director
$0 $0 $0
SCOTT CARTER CLERK 4.00
Director
$0 $0 $0
RYAN FLEMING GOVERNOR 2.00
Director
$0 $0 $0
MIKE MAJOR GOVERNOR 2.00
Director
$0 $0 $0
MARYLOU MURPHY GOVERNOR 2.00
Director
$0 $0 $0
SHAWN CASEY GOVERNOR 2.00
Director
$0 $0 $0
KRISTY GORSUCH GOVERNOR 2.00
Director
$0 $0 $0
JOSEPH ROUX GENERAL MANAGER 40.00
Key Emp
$233,040 $18,080 $251,120
RYAN MINZNER SUPERINTENDENT 40.00
Key Emp
$203,512 $17,193 $220,705
SCOTT COOPER EXECUTIVE CHEF 40.00
Highest
$161,391 $11,887 $173,278
WILLAIM BARBER DIRECTOR OF TENNIS 40.00
Highest
$175,296 $15,262 $190,558
KATHLEEN BENEDICT CONTROLLER 40.00
Highest
$140,909 $13,277 $154,186
JAN MURKEN DIRECTOR OF GOLF 40.00
Highest
$132,642 $6,472 $139,114
DAMIAN DOW DIRECTOR OF FITNESS 40.00
Highest
$107,967 $4,320 $112,287
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 $13,052,330 $9,457,449 $19,609,164 $3,594,881
2023 $9,741,979 $9,282,907 $15,024,063 $459,072
2022 $8,554,591 $8,099,379 $14,026,227 $455,212
2021 $8,041,545 $7,324,875 $13,018,024 $716,670
2020 $6,534,992 $6,005,146 $12,297,308 $529,846
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