THE COUNTRY CLUB OF NEW CANAAN

EIN: 060309270

NEW CANAAN, CT

Total Revenue
$17,505,828
Total Expenses
$14,489,695
Total Assets
$38,934,106
Net Assets
$22,603,752
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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
1893
Legal Domicile
CT
Principal Officer
STEPHEN SCHLEGEL
Phone
2039663513
Tax Period
2023-01-01 to 2023-12-31

THE COUNTRY CLUB OF NEW CANAAN, founded in 1893, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 17% operating margin.

Mission

PROVIDES YEAR ROUND DINING AND ATHLETIC FACILITIES FOR ITS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,083,912
Investment Income $155,984
Other Revenue $5,265,932
TOTAL REVENUE $17,505,828

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $7,455,423
Fundraising Expenses $0
Other Expenses $6,984,272
TOTAL EXPENSES $14,489,695

Year-over-Year Comparison

2023 2022 Change
Revenue $17,505,828 $16,380,636 +0.1%
Expenses $14,489,695 $13,994,272 +0.0%
Net Income $3,016,133 $2,386,364 +0.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
328
Volunteers
16

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
4
$0
Total Directors
16
$0
Key Employees
2
$719,569
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SCHLEGEL PRESIDENT 3.00
Officer Director
$0 $0 $0
STEFFI LOOMIS VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
BRIAN OTERO SECRETARY 3.00
Officer Director
$0 $0 $0
KEVIN LYDON TREASURER 3.00
Officer Director
$0 $0 $0
MIKE MASTROPAOLO GOVERNOR 3.00
Director
$0 $0 $0
ERIN GRAVES HABERSTROH GOVERNOR 3.00
Director
$0 $0 $0
MATT JANIGA GOVERNOR 3.00
Director
$0 $0 $0
STEPHEN BOESCHENSTEIN GOVERNOR 3.00
Director
$0 $0 $0
MEREDITH KANE GOVERNOR 3.00
Director
$0 $0 $0
PETER MILHAUPT GOVERNOR 3.00
Director
$0 $0 $0
SUZIE LAVIERI GOVERNOR 3.00
Director
$0 $0 $0
AUDREY CHASTAIN-CHAPMAN GOVERNOR 3.00
Director
$0 $0 $0
LAUREN CORBETT GOVERNOR 3.00
Director
$0 $0 $0
PENNY RASHIN GOVERNOR 3.00
Director
$0 $0 $0
LISA FERRANTE GOVERNOR 3.00
Director
$0 $0 $0
PAUL TULLY GOVERNOR 3.00
Director
$0 $0 $0
KEVIN LALUMIERE GENERAL MANAGER 40.00
Key Emp
$397,000 $35,147 $432,147
MICHAEL ROE GREENS SUPERINTENDENT 40.00
Key Emp
$258,405 $29,017 $287,422
ADAM RAINAUD HEAD GOLF PROFESSIONAL 40.00
Highest
$238,956 $21,000 $259,956
ZAC ALEXANDER HEAD SQUASH PROFESSIONAL 40.00
Highest
$241,987 $14,632 $256,619
ALEJANDRO ABAD FMR EXECUTIVE CHEF 40.00
Highest
$101,538 $3,227 $104,765
ANA ZUBORI HEAD OUTSIDE RACQUETS PRO 40.00
Highest
$571,148 $6,950 $578,098
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 $17,505,828 $14,489,695 $38,934,106 $3,016,133
2022 $16,380,636 $13,994,272 $35,653,517 $2,386,364
2021 $15,800,201 $13,715,901 $36,388,345 $2,084,300
2020 $12,818,601 $10,952,177 $35,688,388 $1,866,424
2019 $9,843,844 $7,486,631 $32,759,707 $2,357,213
2018 $11,192,616 $8,262,736 $12,231,230 $2,929,880
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