THE FARMS COUNTRY CLUB INCORPORATED

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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

1960

Legal Domicile

Principal Officer

ASHLEE VILLECCO

Phone

2032650941

Tax Period

2024-04-01 to 2025-03-31

THE FARMS COUNTRY CLUB INCORPORATED, founded in 1960, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $980K, a strong 16% operating margin.

Mission

TO PROMOTE THE GAME OF GOLF, TO ENCOURAGE FAMILY PARTICIPATION IN HEALTHFUL SPORTING ACTIVITIES AND TO DEVELOP SOCIABILITY AND GOOD FELLOWSHIP AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1

TAX EXEMPT CLUB ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,079,893

Investment Income $83,415

Other Revenue $2,101,657

TOTAL REVENUE $6,264,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,756,506

Fundraising Expenses $0

Other Expenses $2,528,058

TOTAL EXPENSES $5,284,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,264,965	$5,636,252	+0.1%
Expenses	$5,284,564	$5,001,266	+0.1%
Net Income	$980,401	$634,986	+0.5%

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

176

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

$169,669

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HARTE	PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE CUNNINGHAM	INSIDE VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JONATHAN KAPLAN	OUTSIDE VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ASHLEE VILLECCO	TREASURER	3.00	Officer Director	$0	$0	$0
JOSH SILVERMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
HARRY BLACK	MEMBER AT LARGE	3.00	Director	$0	$0	$0
ANDY BRAVO	BOARD MEMBER	3.00	Director	$0	$0	$0
WHITNEY WATTS	BOARD MEMBER	3.00	Director	$0	$0	$0
LAUREN SANDOR	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD FLANDREAU	GENERAL MANAGER	50.00	Key Emp	$161,703	$7,966	$169,669
BRIAN WARMINGHAM	CHEF	50.00	Highest	$114,889	$4,344	$119,233
VICTOR FACONTI	GREENS SUPERINTENDENT	50.00	Highest	$146,441	$18,508	$164,949
JAMES HANLON	GOLF PROFESSIONAL	50.00	Highest	$331,378	$13,214	$344,592

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	$6,264,965	$5,284,564	$9,459,461	$980,401
2024	$5,636,252	$5,001,266	$8,922,589	$634,986
2023	$1,459,966	$1,494,149	$8,142,559	$-34,183
2022	$5,320,379	$4,436,986	$7,007,179	$883,393
2021	$4,553,787	$4,219,235	$6,353,463	$334,552
2020	$3,888,199	$3,711,882	$5,766,157	$176,317
2019	$3,783,903	$3,807,507	$5,688,820	$-23,604
2018	$3,795,110	$3,792,049	$5,520,845	$3,061