SAKONNET GOLF CLUB (EIN 050213430) - 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

1906

Legal Domicile

Principal Officer

MATTHEW HAVENS

Phone

4016354821

Tax Period

2024-01-01 to 2024-12-31

SAKONNET GOLF CLUB, founded in 1906, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 7% surplus.

Mission

TO PROVIDE GOLF FACILITIES FOR THEIR MEMBERS.

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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 $92,836

Program Service Revenue $4,423,511

Investment Income $89,076

Other Revenue $-229,362

TOTAL REVENUE $4,376,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,754,007

Fundraising Expenses $0

Other Expenses $2,317,268

TOTAL EXPENSES $4,071,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,376,061	$3,803,504	+0.2%
Expenses	$4,071,275	$3,832,003	+0.1%
Net Income	$304,786	$-28,499	-11.7%

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

107

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

$545,676

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW P HAVENS	PRESIDENT	5.00	Officer Director	$0	$0	$0
E TRIP SAMSON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL W MOURNING	SECRETARY	5.00	Officer Director	$0	$0	$0
ED SCHMULTS	TREASURER	5.00	Officer Director	$0	$0	$0
ALAN M GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
GILLIAN KOHLI	DIRECTOR	2.00	Director	$0	$0	$0
ADAM SHERER	DIRECTOR	2.00	Director	$0	$0	$0
PHIL CHISHOLM	DIRECTOR	2.00	Director	$0	$0	$0
BETH WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JILL BRANCA	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN MCCLEARY	DIRECTOR	2.00	Director	$0	$0	$0
NANCY OSBORN	DIRECTOR	2.00	Director	$0	$0	$0
MEG WALTER	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW ALWIN	GOLF PRO	40.00	Key Emp	$217,184	$0	$217,184
MATTHEW CHOUINARD	SUPERINTENDENT	40.00	Key Emp	$160,122	$0	$160,122
DENNIS SONNENBURG	GENERAL MANAGER	40.00	Key Emp	$168,370	$0	$168,370

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	$4,376,061	$4,071,275	$8,529,430	$304,786
2023	$3,803,504	$3,832,003	$7,925,402	$-28,499
2022	$4,262,010	$3,557,851	$8,099,735	$704,159
2021	$2,952,313	$2,999,620	$6,703,414	$-47,307
2020	$2,448,213	$2,490,228	$6,723,567	$-42,015
2019	$2,584,128	$2,635,104	$6,760,780	$-50,976
2018	$2,706,379	$2,599,248	$6,604,441	$107,131

SAKONNET GOLF CLUB