WORCESTER CLUB (EIN 041988860) - 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

1888

Legal Domicile

Principal Officer

ERIC TORKORNOO

Phone

5087558611

Tax Period

2024-05-01 to 2025-04-30

WORCESTER CLUB, founded in 1888, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024.

Mission

PROVISION OF FACILITIES TO MEMBERS FOR SOCIAL AND INTELLECTUAL ENHANCEMENT.

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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 $1,135,504

Program Service Revenue $133,283

Investment Income $12,881

Other Revenue $717,581

TOTAL REVENUE $1,999,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,273,746

Fundraising Expenses $0

Other Expenses $884,795

TOTAL EXPENSES $2,158,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,999,249	$1,932,368	+0.0%
Expenses	$2,158,541	$1,825,385	+0.2%
Net Income	$-159,292	$106,983	-2.5%

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

N/A

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

$156,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC K TORKORNOO	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEOFFREY K DANCEY	TREASURER	2.00	Officer Director	$0	$0	$0
CHARRAN K FISHER	SECRETARY	2.00	Officer Director	$0	$0	$0
LEONARDO A ANGIULO	VICE PRESIDENT HOUSE COMIT	2.00	Officer Director	$0	$0	$0
AIDEN HEFFERNAN	VICE PRESIDENT MEMBER COMM	2.00	Officer Director	$0	$0	$0
SCOTT H SUTTER	VICE PRESIDENT ENTERTAINMENT	2.00	Officer Director	$0	$0	$0
RICHARD Z LAPLANT	CLUB MANAGER	40.00	Officer	$156,728	$0	$156,728
STAFANO ZIMEI	EXECUTIVE CHEF	40.00	Highest	$133,529	$0	$133,529
JAMES DONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN C MCDANIEL	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD POWELL	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY D ROZEVICIUS	DIRECTOR	2.00	Director	$0	$0	$0
KENT D RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
JOFFREY A SMITH	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE TETLER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE K TONNA	DIRECTOR	2.00	Director	$0	$0	$0
KELSA L ZERESKI	DIRECTOR	2.00	Director	$0	$0	$0

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
2025	$1,999,249	$2,158,541	$1,653,166	$-159,292
2024	$1,932,368	$1,825,385	$2,182,533	$106,983
2023	$2,043,782	$1,760,773	$2,188,366	$283,009
2022	$1,479,270	$1,614,910	$2,032,990	$-135,640
2021	$1,219,641	$1,332,196	$2,223,795	$-112,555
2020	$1,602,884	$1,555,337	$2,430,943	$47,547
2019	$1,646,192	$1,593,721	$2,560,131	$52,471
2018	$1,568,667	$1,591,804	$1,933,065	$-23,137

WORCESTER CLUB