THORNY LEA GOLF 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

1900

Legal Domicile

Principal Officer

THOMAS GADLES

Phone

5085847060

Tax Period

2024-01-01 to 2024-12-31

THORNY LEA GOLF CLUB INC, founded in 1900, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 8% surplus.

Mission

THE PURPOSE OF THE CLUB IS TO MAINTAIN GROUNDS AND A CLUBHOUSE FOR THE ENCOURAGEMENT OF GOLF AND SOCIAL ENJOYMENT FOR ITS MEMBERS AND GUESTS.

Program Service Accomplishments

Program 1

TO PROVIDE GOLF COURSE AND CLUBHOUSE FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.

Program 2

TO PROVIDE AN OPPORTUNITY FOR DINING AND SOCIALIZING FOR ITS MEMBERS AND THEIR GUESTS.

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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 $0

Program Service Revenue $4,064,080

Investment Income $74,297

Other Revenue $66,748

TOTAL REVENUE $4,205,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,833,720

Fundraising Expenses $0

Other Expenses $2,031,707

TOTAL EXPENSES $3,865,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,205,125	$4,000,485	+0.1%
Expenses	$3,865,427	$3,642,618	+0.1%
Net Income	$339,698	$357,867	-0.1%

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

Total Directors

Key Employees

$305,947

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GADLES	PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS CROOK	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JEFF EDELSON	TREASURER	4.00	Officer Director	$0	$0	$0
WAYNE MATHEWS	SECRETARY	4.00	Officer Director	$0	$0	$0
PATRICK FOLAN	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE LANE	DIRECTOR	2.00	Director	$0	$0	$0
LAURA JEAN MANN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES CLARK	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT MASTRIA	DIRECTOR	2.00	Director	$0	$0	$0
DON NOLL	DIRECTOR	2.00	Director	$0	$0	$0
GREG GOODWIN	DIRECTOR	2.00	Director	$0	$0	$0
MATT NEVILLE	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN TASHO	DIRECTOR	2.00	Director	$0	$0	$0
BROOKS PICKERING	GREENS SUPERINTENDENT	40.00	Key Emp	$150,628	$702	$151,330
RICHARD H CAMPBELL	GENERAL MANAGER	40.00	Key Emp	$154,414	$203	$154,617

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	$4,205,125	$3,865,427	$9,290,162	$339,698
2023	$4,000,485	$3,642,618	$8,707,051	$357,867
2022	$3,763,772	$3,294,303	$8,357,590	$469,469
2021	$3,936,802	$3,225,836	$7,521,077	$710,966
2020	$2,925,010	$2,892,493	$6,896,477	$32,517
2019	$3,232,532	$2,870,268	$5,780,103	$362,264
2018	$3,386,997	$2,883,295	$5,568,895	$503,702