THE PATTERSON CLUB INC (EIN 060614953) - 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

1946

Legal Domicile

Principal Officer

PHILIP GREEN

Phone

2032595244

Tax Period

2023-01-01 to 2023-12-31

THE PATTERSON CLUB INC, founded in 1946, is a mid-sized nonprofit that reported $12.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 15% operating margin.

Mission

TO ENCOURAGE AND PROMOTE SOCIAL, ATHLETIC AND OTHER INTERESTS OF MEMBERS WITHIN THE COUNTRY CLUB ATMOSPHERE.

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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 $0

Program Service Revenue $8,778,759

Investment Income $80,531

Other Revenue $3,890,049

TOTAL REVENUE $12,749,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,059,477

Fundraising Expenses $0

Other Expenses $4,748,043

TOTAL EXPENSES $10,807,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,749,339	$12,164,157	+0.0%
Expenses	$10,807,520	$10,148,529	+0.1%
Net Income	$1,941,819	$2,015,628	0.0%

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

330

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

$584,726

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CRONIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SEENA CUSHMAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PHILIP GREEN	TREASURER	5.00	Officer Director	$0	$0	$0
ELIZABETH BAE	SECRETARY	5.00	Officer Director	$0	$0	$0
BOB BONAFIDE	DIRECTOR	5.00	Director	$0	$0	$0
SEAN DUFFY	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE BORY	DIRECTOR	5.00	Director	$0	$0	$0
LYNN ECKERT	DIRECTOR	5.00	Director	$0	$0	$0
ED HULINA	DIRECTOR	5.00	Director	$0	$0	$0
MIKE NELSON	DIRECTOR	5.00	Director	$0	$0	$0
LAMBERT RUGANI	DIRECTOR	5.00	Director	$0	$0	$0
MAUREEN SAWYER	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTYN WHITNEY	DIRECTOR	5.00	Director	$0	$0	$0
JASON MEERSMAN	DIRECTOR OF GREENS & GROUNDS	50.00	Key Emp	$291,715	$20,603	$312,318
THOMAS BARTEK	GENERAL MANAGER/COO	50.00	Key Emp	$264,358	$8,050	$272,408
CHRISTOPHER JACOBS	CHIEF FINANCIAL OFFICER	50.00	Highest	$188,058	$6,592	$194,650
CHRISTOPHER KENNEY	HEAD GOLF PRO	50.00	Highest	$205,154	$15,811	$220,965
GEOFFREY LANEZ	EXECUTIVE CHEF	50.00	Highest	$161,005	$9,266	$170,271
LINDSEY LEVINE	DIRECTOR OF FOOD & BEVERAGE	50.00	Highest	$155,298	$13,650	$168,948
STEPHEN KUBICKI	GOLF COURSE SUPERINTENDENT	50.00	Highest	$120,548	$13,028	$133,576

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	$12,749,339	$10,807,520	$31,377,829	$1,941,819
2022	$12,164,157	$10,148,529	$31,154,434	$2,015,628
2021	$11,504,536	$9,723,031	$29,144,334	$1,781,505
2020	$9,878,680	$8,941,055	$27,716,740	$937,625
2019	$10,151,681	$9,595,664	$27,762,876	$556,017
2018	$10,177,645	$9,738,606	$28,624,781	$439,039

THE PATTERSON CLUB INC