KERNWOOD COUNTRY CLUB (EIN 041503740) - Form 990 Financial Analysis & Trantor Score

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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

1914

Legal Domicile

Principal Officer

STEPHEN SOLOMON

Phone

9787451210

Tax Period

2023-01-01 to 2023-12-31

KERNWOOD COUNTRY CLUB, founded in 1914, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO FURNISH ATHLETIC AND RECREATIONAL FACILITIES FOR ITS MEMBERS, TO PROMOTE SOCIAL INTERCOURSE AMONG ITS MEMBERS AND TO MAINTAIN A CLUBHOUSE FOR THE USE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,063,483

Investment Income $3,185

Other Revenue $2,255,986

TOTAL REVENUE $7,322,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,734,645

Fundraising Expenses $0

Other Expenses $3,739,065

TOTAL EXPENSES $7,473,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,322,654	$5,931,886	+0.2%
Expenses	$7,473,710	$6,484,894	+0.2%
Net Income	$-151,056	$-553,008	-0.7%

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

158

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

$487,344

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN SOLOMON	PRESIDENT	3.00	Officer Director	$0	$0	$0
MARTIN SULLIVAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
TOM GROVER	TREASURER	3.00	Officer Director	$0	$0	$0
JAMES WALSH	SECRETARY	3.00	Officer Director	$0	$0	$0
DENISE KELLY	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
DOUGLAS KIERNAN	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
CATHERINE MARQUARDT	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
PETER ABBRUZZESE	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
MAURICE PHELAN	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
B RIAN CUSACK	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
MICHAEL DALE	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
JOHN EGGLESTON	GOLF SUPERINTENDENT	40.00	Key Emp	$173,500	$24,743	$198,243
STUART O'CONNOR	GENERAL MANAGER/COO	40.00	Key Emp	$280,000	$9,101	$289,101
FRANK DULLY II	HEAD GOLF PROFESSIONAL	40.00	Highest	$163,054	$27,444	$190,498
STEVEN NEFF	ASSISTANT GENERAL MANAGER	40.00	Highest	$143,524	$10,326	$153,850

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	$7,322,654	$7,473,710	$11,331,274	$-151,056
2022	$5,931,886	$6,484,894	$10,465,380	$-553,008
2021	$6,104,777	$5,262,884	$11,684,356	$841,893
2020	$4,881,465	$4,096,792	$10,737,133	$784,673
2019	$5,463,167	$5,503,292	$9,495,321	$-40,125
2018	$5,362,473	$5,174,011	$9,631,853	$188,462

KERNWOOD COUNTRY CLUB