ABENAQUI COUNTRY CLUB INC

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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

1983

Legal Domicile

Principal Officer

STEVEN CRAIGE

Phone

6039645563

Tax Period

2023-01-01 to 2023-12-31

ABENAQUI COUNTRY CLUB INC, founded in 1983, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 29% operating margin.

Mission

PROVIDE GOLF AND TENNIS FACILITIES FOR THEIR MEMBERS.

Program Service Accomplishments

Program 1

GOLF OPERATION - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS WITHOUT RESTRICTION AND TO SOCIAL MEMBERS SUBJECT TO SOME RESTRICTIONS. GOLF TOURNAMENTS ARE SPECIAL...

GOLF OPERATION - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS WITHOUT RESTRICTION AND TO SOCIAL MEMBERS SUBJECT TO SOME RESTRICTIONS. GOLF TOURNAMENTS ARE SPECIAL TOURNAMENTS HELD BY PARTICIPANTS BASED ON THE TYPE OF TOURNAMENT.

Program 2

FOOD AND BEVERAGE OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.

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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 $7,112,095

Investment Income $260,021

Other Revenue $-480,157

TOTAL REVENUE $6,891,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,371,732

Fundraising Expenses $0

Other Expenses $2,522,631

TOTAL EXPENSES $4,894,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,891,959	$4,842,030	+0.4%
Expenses	$4,894,363	$4,307,736	+0.1%
Net Income	$1,997,596	$534,294	+2.7%

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

176

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

Total Directors

Key Employees

$285,204

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY COLBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE CRAIGE	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
LAWRENCE GORMLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIANNE ANASTASIA	HOUSE CHAIR	2.00	Director	$0	$0	$0
WAYNE SLATTERY	MEMBERSHIP CHAIR	2.00	Director	$0	$0	$0
JASON CLARK	TENNIS CHAIR	2.00	Director	$0	$0	$0
TODD FAWAZ	GROUNDS CHAIR	2.00	Director	$0	$0	$0
BARBARA HENRY	LONG RANGE PLANNING	2.00	Director	$0	$0	$0
DONALD KENNEDY	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS KEANE	GOLF CHAIR	2.00	Director	$0	$0	$0
LEE PAVLAS	GENERAL MANAGER	40.00	Key Emp	$208,515	$76,689	$285,204
PATRICK KELLEY	SUPERINTENDENT	40.00	Highest	$144,204	$27,576	$171,780
NATHAN GARLAND	GROUNDS AND GOLF COURSE SUPERINTENDENT	40.00	Highest	$103,169	$7,162	$110,331

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	$6,891,959	$4,894,363	$13,715,107	$1,997,596
2022	$4,842,030	$4,307,736	$11,770,979	$534,294
2021	$5,766,433	$4,051,268	$11,569,362	$1,715,165
2020	$3,872,943	$3,911,845	$9,563,733	$-38,902
2019	$3,812,774	$3,726,618	$9,347,874	$86,156
2018	$3,554,094	$3,550,505	$9,350,873	$3,589