SILVER SPRING COUNTRY CLUB INCORPORATED

EIN: 060536020

RIDGEFIELD, CT

Total Revenue
$10,687,600
Total Expenses
$10,147,694
Total Assets
$17,838,801
Net Assets
$15,664,243
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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
1930
Legal Domicile
CT
Principal Officer
CARL KLEIN
Phone
2034382671
Tax Period
2023-01-01 to 2023-12-31

SILVER SPRING COUNTRY CLUB INCORPORATED, founded in 1930, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 5% surplus.

Mission

THE CLUB PROVIDES A GOLF COURSE, TENNIS AND SWIMMING FACILITIES FOR ITS MEMBERS. THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE MEMBERSHIP.

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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 $7,804,661
Investment Income $3,372
Other Revenue $2,879,567
TOTAL REVENUE $10,687,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,230,227
Fundraising Expenses $0
Other Expenses $4,917,467
TOTAL EXPENSES $10,147,694

Year-over-Year Comparison

2023 2022 Change
Revenue $10,687,600 $9,841,605 +0.1%
Expenses $10,147,694 $9,460,574 +0.1%
Net Income $539,906 $381,031 +0.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
258
Volunteers
13

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
13
$0
Key Employees
2
$581,052
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDMUND MCGILL PRESIDENT 3.00
Officer Director
$0 $0 $0
CARL KLEIN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MARCIE COFFIN TREASURER 3.00
Officer Director
$0 $0 $0
RICHARD CARTER SECRETARY 3.00
Officer Director
$0 $0 $0
SUMMER DOWNEY GOVERNOR 3.00
Director
$0 $0 $0
GREG FRIERSON GOVERNOR 3.00
Director
$0 $0 $0
BOB JONES GOVERNOR 3.00
Director
$0 $0 $0
STACY MCGRATTY GOVERNOR 3.00
Director
$0 $0 $0
KEVIN WHITE GOVERNOR 3.00
Director
$0 $0 $0
CHRIS DESMARAIS GOVERNOR 3.00
Director
$0 $0 $0
SUSAN GALIONE GOVERNOR 3.00
Director
$0 $0 $0
ALISON LOMBARDI GOVERNOR 3.00
Director
$0 $0 $0
TODD PAYNE GOVERNOR 3.00
Director
$0 $0 $0
KARL HABIB GENERAL MANAGER 40.00
Key Emp
$299,387 $11,954 $311,341
WILLIAM CYGAN SUPERINTENDENT 40.00
Key Emp
$260,525 $9,186 $269,711
PATRICK LANGAN GOLF PRO 40.00
Highest
$179,543 $1,451 $180,994
KEVIN DUFFY CLUBHOUSE MANAGER 40.00
Highest
$108,423 $0 $108,423
ROBERTO BIANCO RACQUETS PRO 40.00
Highest
$185,956 $1,451 $187,407
JAMIE SANTACROCE CONTROLLER 40.00
Highest
$149,808 $3,557 $153,365
KEVIN AQUINO EXECUTIVE CHEF 40.00
Highest
$152,053 $3,092 $155,145
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 $10,687,600 $10,147,694 $17,838,801 $539,906
2022 $9,841,605 $9,460,574 $16,797,710 $381,031
2021 $9,562,196 $8,716,006 $17,446,607 $846,190
2020 $8,612,964 $7,576,168 $16,760,205 $1,036,796
2019 $7,565,242 $7,201,970 $13,536,786 $363,272
2018 $7,135,605 $6,977,179 $13,275,874 $158,426
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