THE WOODWAY COUNTRY CLUB INCORPORATED

EIN: 060595440

DARIEN, CT

Total Revenue
$20,363,272
Total Expenses
$19,002,877
Total Assets
$36,032,214
Net Assets
$23,007,906
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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
1916
Legal Domicile
CT
Principal Officer
MICHAEL BIGDAN
Phone
2033221661
Tax Period
2023-11-01 to 2024-10-31

THE WOODWAY COUNTRY CLUB INCORPORATED, founded in 1916, is a mid-sized nonprofit that reported $20.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $19.0M left a modest 7% surplus.

Mission

ESTABLISHING AND MAINTAINING FACILITIES FOR A PRIVATE GOLF AND COUNTRY CLUB MEMBERSHIP GROUP. TO MAINTAIN AND OPERATE DINING, TENNIS, PADDLE TENNIS, GOLF AND BEACH CLUB FACILITIES.

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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 $13,557,946
Investment Income $31,276
Other Revenue $6,774,050
TOTAL REVENUE $20,363,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,680,024
Fundraising Expenses $0
Other Expenses $9,322,853
TOTAL EXPENSES $19,002,877

Year-over-Year Comparison

2023 2022 Change
Revenue $20,363,272 $18,168,750 +0.1%
Expenses $19,002,877 $19,320,934 0.0%
Net Income $1,360,395 $-1,152,184 -2.2%
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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Governance

Voting Members
15
Independent Members
15
Employees
353
Volunteers
15

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
$198,748
Total Directors
15
$0
Key Employees
2
$447,180
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DURKIN PRESIDENT 3.00
Officer Director
$0 $0 $0
MICHAEL BOGDAN TREASURER 3.00
Officer Director
$0 $0 $0
ANNE MULLIN SECRETARY 3.00
Officer Director
$0 $0 $0
JON HOUCHIN GOVERNOR 3.00
Director
$0 $0 $0
ANDREW NELSON GOVERNOR 3.00
Director
$0 $0 $0
JILL BRANNIGAN GOVERNOR 3.00
Director
$0 $0 $0
PETER HUNSINGER GOVERNOR 3.00
Director
$0 $0 $0
MICHAEL TAMASCO GOVERNOR 3.00
Director
$0 $0 $0
GREG CROWLEY GOVERNOR 3.00
Director
$0 $0 $0
BRYAN ICENHOWER GOVERNOR 3.00
Director
$0 $0 $0
BILL THRUSH GOVERNOR 3.00
Director
$0 $0 $0
KERRY COPPOLA GOVERNOR 3.00
Director
$0 $0 $0
KELLY LESKO GOVERNOR 3.00
Director
$0 $0 $0
CLAIRE TISCORNIA GOVERNOR 3.00
Director
$0 $0 $0
STEVE VAN DE GRAAF GOVERNOR 3.00
Director
$0 $0 $0
PATRICK PREMDAS CFO 40.00
Officer
$180,538 $18,210 $198,748
ANTHONY GARZIA PROPERTY MANAGER 40.00
Key Emp
$154,145 $16,282 $170,427
RYAN KENNY FORMER GENERAL MANAGER 40.00
Key Emp
$261,485 $15,268 $276,753
MICHAEL CRAWFORD GOLF PRO 40.00
Highest
$252,081 $10,148 $262,229
MIGUEL FERNANDEZ-CAMPOVERDE ACTING GENERAL MANAGER 40.00
Highest
$129,784 $16,821 $146,605
ROBERT LONGO DIRECTOR OF FACILITIES 40.00
Highest
$126,560 $1,340 $127,900
CHARLES MILOT JR TENNIS PRO 40.00
Highest
$215,526 $15,709 $231,235
JEFFREY RAIDER DIRECTOR OF F&B 40.00
Highest
$245,747 $11,916 $257,663
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 $20,363,272 $19,002,877 $36,032,214 $1,360,395
2023 $18,168,750 $19,320,934 $34,260,880 $-1,152,184
2022 $16,770,217 $17,240,189 $34,216,981 $-469,972
2021 $16,015,552 $15,391,965 $31,148,833 $623,587
2020 $14,880,536 $13,812,954 $32,570,201 $1,067,582
2019 $15,199,379 $14,236,500 $29,557,158 $962,879
2018 $14,711,319 $13,687,453 $29,458,186 $1,023,866
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