THE FARMS COUNTRY CLUB INCORPORATED

EIN: 060759939

WALLINGFORD, CT

Total Revenue
$6,264,965
Total Expenses
$5,284,564
Total Assets
$9,459,461
Net Assets
$5,180,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
CT
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 AND ENCOURAGE FAMILY PARTICIPATION.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
176
Volunteers
9

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
9
$0
Key Employees
1
$169,669
Highest Compensated
3
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
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