WADAWANUCK CLUB INC

EIN: 060618894 Recreation & Sports

STONINGTON, CT

Total Revenue
$1,086,560
Total Expenses
$727,183
Total Assets
$2,389,372
Net Assets
$2,384,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
CT
Principal Officer
PAUL LEEMING
Phone
8605350118
Tax Period
2023-01-01 to 2023-12-31

WADAWANUCK CLUB INC, founded in 1908, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $359K, a strong 33% operating margin.

Mission

MEMBERSHIP PROVIDES YACHTING, SWIMMING, TENNIS INSTRUCTION AND OTHER SERVICE AND USE OF FACILITIES FOR MEMBER AND THEIR GUESTS.

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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 $1,055,560
Investment Income $31,000
Other Revenue $0
TOTAL REVENUE $1,086,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,659
Fundraising Expenses $0
Program Expenses $349,754
Other Expenses $618,524
TOTAL EXPENSES $727,183

Year-over-Year Comparison

2023 2022 Change
Revenue $1,086,560 $790,904 +0.4%
Expenses $727,183 $717,896 +0.0%
Net Income $359,377 $73,008 +3.9%
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
12
Independent Members
12
Employees
29
Volunteers
100

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE S WHITE President 2.00
Officer Director
$0 $0 $0
JACK LYNCH Vice President 2.00
Officer Director
$0 $0 $0
BETSY LUCHARS Vice President 2.00
Officer Director
$0 $0 $0
AMANDA MANN Secretary 2.00
Officer Director
$0 $0 $0
JOSEPH SELINGER JR Treasurer 2.00
Officer Director
$0 $0 $0
ROBERT B SCALA GOVERNOR 1.00
Director
$0 $0 $0
BRADLEY PAINTER GOVERNOR 1.00
Director
$0 $0 $0
ASHLEY BLANCHARD GOVERNOR 1.00
Director
$0 $0 $0
LAURIE JOHNSTONE GOVERNOR 1.00
Director
$0 $0 $0
DAVID N SCHWARTZ GOVERNOR 1.00
Director
$0 $0 $0
DRURY THORP GOVERNOR 1.00
Director
$0 $0 $0
EMILY MCCLENAHAN GOVERNOR 1.00
Director
$0 $0 $0
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 $1,086,560 $727,183 $2,389,372 $359,377
2022 $790,904 $717,896 $2,029,993 $73,008
2021 $784,680 $782,423 $2,001,918 $2,257
2020 $795,582 $818,375 $2,010,366 $-22,793
2019 $837,037 $705,552 $2,014,724 $131,485
2018 $782,492 $699,143 $1,874,062 $83,349
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