VESPER 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

1875

Legal Domicile

Principal Officer

DAVID HART

Phone

9784588731

Tax Period

2023-10-01 to 2024-09-30

VESPER COUNTRY CLUB, founded in 1875, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 26% operating margin.

Mission

THE OBJECT OF THE CLUB IS TO ENCOURAGE INDOOR AND OUTDOOR SPORTS AND PASTIMES AND TO MAINTAIN CLUB QUARTERS FOR LITERARY AND SOCIAL PURPOSES.

Program Service Accomplishments

Program 1

TAX EXEMPT CLUB ACTIVITIES

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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 $5,178,754

Investment Income $47,926

Other Revenue $5,051,477

TOTAL REVENUE $10,278,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,425,788

Fundraising Expenses $0

Other Expenses $3,221,488

TOTAL EXPENSES $7,647,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,278,157	$7,921,411	+0.3%
Expenses	$7,647,276	$7,927,699	0.0%
Net Income	$2,630,881	$-6,288	-419.4%

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

179

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

$191,067

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY HUSSEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
DANIEL VILLEMAIRE	FIRST VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KENNETH KAISER	SECOND VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
THOMAS O'BRIEN	TREASURER	10.00	Officer Director	$0	$0	$0
GARY MCGRATH	SECRETARY	10.00	Officer Director	$0	$0	$0
JACK LOUGEE	BOARD MEMBER	5.00	Director	$0	$0	$0
RICHARD MARTEL JR	BOARD MEMBER	5.00	Director	$0	$0	$0
LESLIE MARTIN	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF MONAHAN	BOARD MEMBER	5.00	Director	$0	$0	$0
BRYANT LEMIRE	GM/COO	60.00	Key Emp	$181,904	$9,163	$191,067
ROBERT PESCATORE	FORMER GM/COO	60.00	Highest	$130,615	$19,170	$149,785
KIM DEANS	CONTROLLER	60.00	Highest	$133,392	$8,287	$141,679
JAMES SCALES	GOLF PRO	60.00	Highest	$151,081	$13,413	$164,494
MICHAEL DALTON	SUPERINTENDENT	65.00	Highest	$117,073	$2,171	$119,244

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	$10,278,157	$7,647,276	$13,043,076	$2,630,881
2023	$7,921,411	$7,927,699	$10,524,475	$-6,288
2022	$6,879,704	$6,544,236	$11,131,777	$335,468
2021	$7,181,935	$6,640,790	$8,312,768	$541,145
2020	$5,874,461	$5,411,971	$7,615,073	$462,490
2019	$5,958,618	$5,968,367	$7,676,058	$-9,749
2018	$5,780,313	$5,715,381	$6,722,362	$64,932