NANTUCKET GOLF CLUB INC (EIN 043282515) - 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

1995

Legal Domicile

Principal Officer

EDMUND A HAJIM

Tax Period

2023-01-01 to 2023-12-31

NANTUCKET GOLF CLUB INC, founded in 1995, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $13.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE GOLF, GOLF TOURNAMENTS AND SOCIAL CLUB FROM MAY TO OCTOBER FOR OVER 300 MEMBERS AND FAMILIES.

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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 $7,555,500

Program Service Revenue $1,023,930

Investment Income $555,898

Other Revenue $1,230,574

TOTAL REVENUE $10,365,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,182,660

Fundraising Expenses $0

Program Expenses $9,189,166

Other Expenses $5,937,768

TOTAL EXPENSES $13,120,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,365,902	$9,131,817	+0.1%
Expenses	$13,120,428	$12,612,294	+0.0%
Net Income	$-2,754,526	$-3,480,477	-0.2%

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

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

$930,240

Total Directors

Key Employees

$740,018

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BRESETTE	CLUB MANAGERTREASURER	40.00	Officer	$564,199	$69,384	$633,583
MARK LUCAS	GOLF COURSE MANAGER	40.00	Key Emp	$309,838	$63,145	$372,983
MIKE DEMAKOS	GOLF PROFESSIONAL	40.00	Key Emp	$294,838	$72,197	$367,035
REBECCA BARTLETT	CONTROLLERASST CLERK	40.00	Officer	$215,622	$40,953	$256,575
KENNETH J MARCHETTI	ASSISTANT TREASURERCFO	4.00	Officer	$40,082	$0	$40,082
JOHN M SAMUELS	DIRECTOR	0.00	Director	$0	$0	$0
ALASTAIR BORTHWICK	DIRECTOR	0.00	Director	$0	$0	$0
DOUGLAS D GRIP	DIRECTOR	30.00	Officer Director	$0	$0	$0
EDMUND A HAJIM	PRESIDENT	0.00	Officer Director	$0	$0	$0
MATTHEW F HILL	FACILITIES MANAGER	40.00	Highest	$0	$0	$0
STEVE POLOWY	EXECUTIVE CHEF	40.00	Highest	$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
2024	No data	No data	No data	No data
2023	$10,365,902	$13,120,428	$46,691,671	$-2,754,526
2022	$9,131,817	$12,612,294	$42,246,015	$-3,480,477
2021	$8,761,983	$11,610,379	$41,080,926	$-2,848,396
2020	$7,488,118	$10,281,415	$39,815,602	$-2,793,297
2019	$8,098,369	$10,394,112	$37,870,739	$-2,295,743
2018	$7,556,089	$9,885,901	$37,522,913	$-2,329,812

NANTUCKET GOLF CLUB INC