CANDLEWOOD LAKE CLUB INC

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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

1931

Legal Domicile

Principal Officer

Tom Giordano

Phone

2033544004

Tax Period

2024-03-01 to 2025-02-28

CANDLEWOOD LAKE CLUB INC, founded in 1931, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

THE CANDLEWOOD LAKE CLUB, INC. IS A MEMBERSHIP CORPORATION WHICH PROVIDES GOLF, TENNIS, BEACH AND OTHER RECREATIONAL ACTIVITIES TO THE COMMUNITY KNOWN AS THE CANDLEWOOD LAKE CLUB LOCATED IN BROOKFIELD AND NEW MILFORD CONNECTICUT.

Program Service Accomplishments

Program 1

none

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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 $1,233,515

Investment Income $83

Other Revenue $0

TOTAL REVENUE $1,233,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,803

Fundraising Expenses $0

Other Expenses $788,191

TOTAL EXPENSES $1,338,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,233,598	$1,175,738	+0.0%
Expenses	$1,338,994	$1,099,806	+0.2%
Net Income	$-105,396	$75,932	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Giordano	PRESIDENT	1.0	Officer Director	$0	$0	$0
Rita Crotty	Vice President	1.0	Officer Director	$0	$0	$0
Dave Eherts	Treasrer	1.0	Officer Director	$0	$0	$0
Mary Swinson Brown	Secretary	1.0	Officer Director	$0	$0	$0
Lisa Horton	DIRECTOR	1.0	Director	$0	$0	$0
TIMOTHY DEAKIN	DIRECTOR	1.0	Director	$0	$0	$0
Kevin Seeley	DIRECTOR	1.0	Director	$0	$0	$0
Steve Belida	Director	1.0	Director	$0	$0	$0
Kathy Cuccia	Director	1.0	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
2026	No data	No data	No data	No data
2025	$1,233,598	$1,338,994	$1,120,054	$-105,396
2024	$1,175,738	$1,099,806	$1,203,886	$75,932
2023	$1,116,291	$1,226,773	$1,110,211	$-110,482
2022	$1,031,203	$1,100,151	$1,229,717	$-68,948
2021	$847,060	$837,679	$1,272,945	$9,381
2020	$959,167	$962,972	$1,263,364	$-3,805
2019	$882,676	$889,904	$1,254,897	$-7,228