RHODE ISLAND 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

1911

Legal Domicile

Principal Officer

MICHAEL HAYEK

Phone

4012455700

Tax Period

2024-04-01 to 2025-03-31

RHODE ISLAND COUNTRY CLUB, founded in 1911, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 17% operating margin.

Mission

RHODE ISLAND COUNTRY CLUB IS ORGANIZED FOR THE PROMOTION OF ATHLETIC, SOCIAL AND LITERARY ACTIVITIES ON BEHALF OF ITS MEMBERS.

Program Service Accomplishments

Program 1

GOLF COURSE OPERATIONS INCLUDES MANAGEMENT OF TOURNAMENTS, OUTINGS, CLINICS, JUNIOR GOLF, PRACTICE RANGE, HANDICAP SERVICES, LESSONS, CARTS, INTERNSHIP PROGRAMS AND CADDY SERVICES.

Program 2

FOOD AND BEVERAGE OPERATIONS INCLUDE MEMBER DINING, BANQUETS, SOCIAL EVENTS, WEDDINGS, SHOWERS, ETC. FOR MEMBER CAMARADERIE. SERVICES INCLUDE THE FORMAL DINING IN THE GRILL ROOM AS WELL AS MORE...

FOOD AND BEVERAGE OPERATIONS INCLUDE MEMBER DINING, BANQUETS, SOCIAL EVENTS, WEDDINGS, SHOWERS, ETC. FOR MEMBER CAMARADERIE. SERVICES INCLUDE THE FORMAL DINING IN THE GRILL ROOM AS WELL AS MORE CASUAL SETTINGS IN THE NEWTH ROOM, SOLARIUM, TERRACE, POOL AND THE TENTH TEE.

Program 3

OTHER SOCIAL CLUB ACTIVITIES INCLUDE POOL, TENNIS, SQUASH AND PADDLE HUT OPERATIONS.

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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 $7,466,960

Investment Income $107,033

Other Revenue $-139,595

TOTAL REVENUE $7,434,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,619,617

Fundraising Expenses $0

Other Expenses $3,535,486

TOTAL EXPENSES $6,155,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,434,398	$5,859,409	+0.3%
Expenses	$6,155,103	$5,533,944	+0.1%
Net Income	$1,279,295	$325,465	+2.9%

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

242

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

$363,212

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CREGAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
DANIEL SULLIVAN	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEPH MEDDINGS	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL HAYEK	TREASURER	7.50	Officer Director	$0	$0	$0
HEATHER PIAZZA	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
GEORGE DEMOPULOS	SECRETARY	5.00	Officer Director	$0	$0	$0
SANDY STAMOULIS	ASSISTANT SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS PATTON	GOVERNOR	2.00	Director	$0	$0	$0
MICHAEL MCCAMPBELL	GOVERNOR	2.00	Director	$0	$0	$0
CRAIG FISHER	GOVERNOR	2.00	Director	$0	$0	$0
DEBORAH PROVOLO	GOVERNOR	2.00	Director	$0	$0	$0
DAVID O'CONNELL	GOVERNOR	2.00	Director	$0	$0	$0
ANDREW RESMINI	GOVERNOR	2.00	Director	$0	$0	$0
KRISTEN ANTONIO	GOVERNOR	2.00	Director	$0	$0	$0
MOLLY FRANKE	GOVENOR	2.00	Director	$0	$0	$0
MOLLY GROSS	GOVERNOR	2.00	Director	$0	$0	$0
ANDREW HANNAH	SUPERINTENDENT	40.00	Key Emp	$187,711	$13,163	$200,874
KYLE PHELPS	GOLF PRO	40.00	Key Emp	$152,201	$10,137	$162,338
KERRYAN BLYTHE	DIR OF CH OPERATIONS	40.00	Highest	$132,978	$0	$132,978
JAY DWYER	CONTROLLER	40.00	Highest	$146,667	$1,128	$147,795
ANTHONY GLIECO	CHEF	40.00	Highest	$130,299	$11,759	$142,058

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	$7,434,398	$6,155,103	$15,070,766	$1,279,295
2024	$5,859,409	$5,533,944	$12,754,417	$325,465
2023	$6,114,927	$6,029,662	$13,954,842	$85,265
2022	$5,765,782	$5,744,856	$13,303,542	$20,926
2021	$5,058,323	$5,187,957	$10,636,811	$-129,634
2020	$4,824,737	$5,008,671	$7,755,386	$-183,934
2019	$4,467,232	$5,033,106	$7,994,019	$-565,874