THE DUNES 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

1928

Legal Domicile

Principal Officer

STEPHEN STERLING

Phone

4017833351

Tax Period

2023-11-01 to 2024-10-31

THE DUNES CLUB, founded in 1928, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023.

Mission

TO OPERATE, FOR THE RECREATIONAL AND SOCIAL BENEFIT OF ITS MEMBERS, THE DUNES CLUB FACILITIES, INCLUDING RESTAURANT, BEACH PROPERTY, AND TENNIS FACILITIES.

Program Service Accomplishments

Program 1

PRIVATE BEACH OPERATION INCLUDING BATHHOUSE AND CABANAS.

Program 2

FOOD AND BEVERAGE OPERATION INCLUDING MAIN DINING ROOM, SNACKBAR AND GRILL.

Program 3

TENNIS OPERATION, CHILDREN'S PROGRAMS, AND OTHER PRIVATE SOCIAL 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 $19,000

Program Service Revenue $5,419,562

Investment Income $129,822

Other Revenue $-470,467

TOTAL REVENUE $5,097,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,438,680

Fundraising Expenses $0

Other Expenses $2,685,837

TOTAL EXPENSES $5,124,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,097,917	$4,851,805	+0.1%
Expenses	$5,124,517	$4,396,183	+0.2%
Net Income	$-26,600	$455,622	-1.1%

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

249

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

$271,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M KAPOS	PRESIDENT	7.00	Officer Director	$0	$0	$0
KATHARINE H FLYNN	VICE PRESIDENT	7.00	Officer Director	$0	$0	$0
CHARLES E WHITE II	TREASURER	7.00	Officer Director	$0	$0	$0
DUNCAN H COCROFT	ASSISTANT TREASURER	7.00	Officer Director	$0	$0	$0
ANNA M MCGREEN	SECRETARY	7.00	Officer Director	$0	$0	$0
LISA P KOELLE	ASSISTANT SECRETARY	7.00	Officer Director	$0	$0	$0
MARILEE D BELL	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVIES W BISSET III	BOARD MEMBER	3.00	Director	$0	$0	$0
GEOFFREY M BOSS	BOARD MEMBER	3.00	Director	$0	$0	$0
BERNARD V BUONANNO III	BOARD MEMBER	3.00	Director	$0	$0	$0
EDWARD W BURMAN JR	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFFREY B CIANCIOLO	BOARD MEMBER	3.00	Director	$0	$0	$0
EMILY Y DENNEY	BOARD MEMBER	3.00	Director	$0	$0	$0
TIMOTHY P HAXTON	BOARD MEMBER	3.00	Director	$0	$0	$0
JANET C KERMES	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSEPH P MARRINAN III	BOARD MEMBER	3.00	Director	$0	$0	$0
PETER J MILLONES JR	BOARD MEMBER	3.00	Director	$0	$0	$0
BOGDAN NOWAK	BOARD MEMBER	3.00	Director	$0	$0	$0
DAISY DOUGLAS SAVAGE	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHRYN C SODERBERG	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNETTE VALLONE-ROCCHIO	BOARD MEMBER	3.00	Director	$0	$0	$0
SUSAN M WINTER	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN STERLING	GENERAL MANAGER	50.00	Officer	$243,790	$28,175	$271,965
DAVID J ARCHAMBAULT	ASSISTANT MANAGER	50.00	Highest	$129,273	$0	$129,273
MICHAEL BACCARI	CHEF	50.00	Highest	$102,463	$0	$102,463
PAUL DIDOMENICO	RESTAURANT	50.00	Highest	$103,405	$0	$103,405
ALEJANDRO HART NIBBRIG	CHEF	50.00	Highest	$108,559	$0	$108,559
LYNN M HORNE	CONTROLLER	50.00	Highest	$110,729	$0	$110,729
WENDY A NIMS	TERRACE/OG CAPTAIN	50.00	Highest	$109,360	$0	$109,360
W JAMES RYAN	HEAD OF MAINTENANCE	50.00	Highest	$132,561	$0	$132,561
TREVOR M WEBSTER	HEAD OF MAINTENANCE	50.00	Highest	$117,469	$0	$117,469

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	$5,097,917	$5,124,517	$11,287,338	$-26,600
2023	$4,851,805	$4,396,183	$10,165,142	$455,622
2022	$4,848,929	$3,906,055	$9,485,722	$942,874
2021	$4,023,792	$3,596,722	$9,293,425	$427,070
2020	$3,320,548	$3,218,812	$8,645,029	$101,736
2019	$3,543,213	$3,342,634	$8,306,902	$200,579
2018	$3,368,902	$3,179,084	$8,417,246	$189,818