THE CONNECTICUT GOLF CLUB INCORPORATED

EIN: 060842905

EASTON, CT

Total Revenue
$5,077,326
Total Expenses
$4,812,171
Total Assets
$12,371,197
Net Assets
$4,705,047
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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
1966
Legal Domicile
CT
Principal Officer
BRIAN CORVESE
Phone
2032612544
Tax Period
2023-01-01 to 2023-12-31

THE CONNECTICUT GOLF CLUB INCORPORATED, founded in 1966, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Expenses of $4.8M left a modest 5% surplus.

Mission

TO PROVIDE A PREMIUM GOLFING EXPERIENCE FOR MEMBERS AND 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 $4,471,359
Investment Income $0
Other Revenue $605,967
TOTAL REVENUE $5,077,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,409,676
Fundraising Expenses $0
Other Expenses $2,402,495
TOTAL EXPENSES $4,812,171

Year-over-Year Comparison

2023 2022 Change
Revenue $5,077,326 $5,089,918 0.0%
Expenses $4,812,171 $3,779,829 +0.3%
Net Income $265,155 $1,310,089 -0.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
89
Volunteers
11

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
3
$0
Total Directors
11
$0
Key Employees
1
$161,520
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GROENER PRESIDENT 3.00
Officer Director
$0 $0 $0
RODNEY JENKS VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
BRIAN COVESE TREASURER 3.00
Officer Director
$0 $0 $0
TOM HOEY GOVERNOR 3.00
Director
$0 $0 $0
BRIAN GLEASON GOVERNOR 3.00
Director
$0 $0 $0
ANDY LIPMAN GOVERNOR 3.00
Director
$0 $0 $0
BILL CUSICK GOVERNOR 3.00
Director
$0 $0 $0
NICK DEBELLIS GOVERNOR 3.00
Director
$0 $0 $0
SAM SIMONS GOVERNOR 3.00
Director
$0 $0 $0
JAMES LEE GOVERNOR 3.00
Director
$0 $0 $0
PAUL REMMELL GOVERNOR 3.00
Director
$0 $0 $0
JAMES WEILAND FMR DIRECTOR OF GROUNDS 55.00
Key Emp
$161,520 $0 $161,520
JOHN DIPILATO DIRECTOR OF GOLF 55.00
Highest
$177,500 $4,884 $182,384
DEBORAH WALLENTA DIRECTOR OF OPERATIONS 55.00
Highest
$115,500 $12,186 $127,686
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 $5,077,326 $4,812,171 $12,371,197 $265,155
2022 $5,421,912 $3,545,374 $14,455,602 $1,876,538
2022 $5,089,918 $4,521,582 $11,219,224 $568,336
2021 $4,835,480 $4,079,993 $8,700,355 $755,487
2020 $4,058,494 $3,667,611 $7,192,966 $390,883
2019 $3,207,144 $3,668,282 $7,002,498 $-461,138
2018 $2,887,485 $3,335,124 $7,403,472 $-447,639
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