SAUGATUCK SHORES CLUB INC

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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

1949

Legal Domicile

Principal Officer

WILLIAM CURREN

Phone

2032685833

Tax Period

2023-01-01 to 2023-12-31

SAUGATUCK SHORES CLUB INC, founded in 1949, is a small nonprofit that reported $161K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $231K exceeded revenue, resulting in a 44% operating deficit.

Mission

SOCIAL BEACH CLUB OPERATED FOR THE ENJOYMENT OF MEMBERS. CLUB HAS NO PAID EMPLOYEES, OFFICERS OR DIRECTORS, AND IS OPERATED ENTIRELY BY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $231,112 Revenue: $160,650

SOCIAL BEACH CLUB OPERATED FOR THE ENJOYMENT OF MEMBERS. CLUB HAS NO PAID EMPLOYEES, OFFICERS OR DIRECTORS, AND IS OPERATED ENTIRELY BY MEMBERS.

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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 $160,650

Investment Income $164

Other Revenue $0

TOTAL REVENUE $160,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,112

Other Expenses $231,113

TOTAL EXPENSES $231,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,814	$138,561	+0.2%
Expenses	$231,113	$113,071	+1.0%
Net Income	$-70,299	$25,490	-3.8%

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

N/A

Volunteers

N/A

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
JON ADELMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE CAWMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM CURREN	TREASURER	10.00	Officer Director	$0	$0	$0
JAN CAVANAGH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VESNA HERMAN	GOVERNOR	2.00	Director	$0	$0	$0
EADS JOHNSON	GOVERNOR	2.00	Director	$0	$0	$0
DICK DIVINEY	GOVERNOR	2.00	Director	$0	$0	$0
CHARLEEN ASHBY	GOVERNOR	2.00	Director	$0	$0	$0
MARIANNE CHURCHWELL	GOVERNOR	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$160,814	$231,113	$2,079,164	$-70,299
2022	$138,561	$113,071	$2,149,463	$25,490
2021	$125,830	$116,132	$2,123,975	$9,698
2020	$123,382	$76,880	$2,114,277	$46,502
2019	$134,172	$76,498	$2,068,045	$57,674
2018	$136,406	$106,878	$2,010,560	$29,528