COUNTRY CLUB OF WATERBURY INCORPORATED (EIN 060309310) - 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

1899

Legal Domicile

Principal Officer

KEITH SULLIVAN

Phone

2037534171

Tax Period

2023-01-01 to 2023-12-31

COUNTRY CLUB OF WATERBURY INCORPORATED, founded in 1899, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE COUNTRY CLUB OF WATERBURY IS TO PROVIDE AND PERPETUATE AN OUTSTANDING COUNTRY CLUB WITH A SPIRIT OF TRADITION AND EXCELLENCE IN ITS DONALD ROSS GOLF COURSE AND ITS OTHER FACILITIES FOR THE BENEFIT OF ALL ITS MEMBERS AND THEIR FAMILIES THROUGH APPROPRIATE PROGRAMS AND SOUND MANAGEMENT POLICIES.

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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 $62,648

Program Service Revenue $3,166,619

Investment Income $38,287

Other Revenue $1,950,010

TOTAL REVENUE $5,217,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,445,754

Fundraising Expenses $0

Other Expenses $2,938,068

TOTAL EXPENSES $5,383,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,217,564	$4,266,281	+0.2%
Expenses	$5,383,822	$3,790,333	+0.4%
Net Income	$-166,258	$475,948	-1.3%

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

Governance

Voting Members

Independent Members

Employees

148

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOHN DADDONA	MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
MS WENDY YATSENICK	DIRECTOR	1.00	Director	$0	$0	$0
MR MATT MORRONE ENDED DECEMBER	DIRECTOR	5.00	Officer Director	$0	$0	$0
MR JOHN LOMBARD	PRESIDENT	12.00	Officer Director	$0	$0	$0
MR MIKE MARTONE	DIRECTOR	1.00	Director	$0	$0	$0
MR JAMES MENGACCI	GOLF CHAIR	1.00	Director	$0	$0	$0
MR MIKE MARTONE	DIRECTOR	1.00	Director	$0	$0	$0
MR ED MERKLEN ADDED DECEMBER	HOUSE CHAIR	5.00	Director	$0	$0	$0
MR JAMES NARDOZZI	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT PORZIO	GREEN CHAIR	1.00	Director	$0	$0	$0
MR BRAD SHAW	DIRECTOR	1.00	Director	$0	$0	$0
MR TIM SULLIVAN	SECRETARY	12.00	Officer Director	$0	$0	$0
MR KEITH SULLIVAN	TREASURER	12.00	Officer Director	$0	$0	$0
MS KATHLEEN DOWD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MR MICHAEL MORAWSKI	GOLF SUPERINTENDENT	50.00	Highest	$148,752	$12,269	$161,021
MS REBECCA CHUBA	EXECUTIVE CHEF	50.00	Highest	$113,684	$1,900	$115,584

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	$5,217,564	$5,383,822	$6,467,250	$-166,258
2022	$4,266,281	$3,790,333	$6,877,510	$475,948
2021	$3,898,165	$3,763,330	$6,830,475	$134,835
2020	$3,724,681	$3,151,951	$6,514,813	$572,730
2019	$3,338,873	$3,653,119	$6,050,860	$-314,246
2018	$3,661,979	$3,325,710	$6,428,831	$336,269

COUNTRY CLUB OF WATERBURY INCORPORATED