FRESH MEADOW COUNTRY 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

1921

Legal Domicile

Principal Officer

STEVEN MITCHELL

Phone

5164827300

Tax Period

2023-01-01 to 2023-12-31

FRESH MEADOW COUNTRY CLUB INC, founded in 1921, is a mid-sized nonprofit that reported $16.4M in total revenue in fiscal year 2023. The organization ran a surplus of $2.7M, a strong 17% operating margin.

Mission

TO OPERATE YEAR ROUND AS A PRIVATE CLUB OFFERING IT MEMBERS EXCEPTIONAL GOLF CONDITIONS AND FIVE STAR FOOD AND BEVERAGE SERVICES. IN ADDITION, POOL, TENNIS AND HEALTH CLUB FACILITIES ARE AVAILABLE.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,868,812

Investment Income $69,893

Other Revenue $4,453,358

TOTAL REVENUE $16,392,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,625,878

Fundraising Expenses $0

Other Expenses $6,052,696

TOTAL EXPENSES $13,678,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,392,063	$16,352,767	+0.0%
Expenses	$13,678,574	$15,154,433	-0.1%
Net Income	$2,713,489	$1,198,334	+1.3%

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

155

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

$944,808

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD HERSHENHORN	PRESIDENT	3.00	Officer Director	$0	$0	$0
STEVE MARVIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
STEVEN MITCHELL	TREASURER	3.00	Officer Director	$0	$0	$0
STEVE KLEINBERG	SECRETARY	3.00	Officer Director	$0	$0	$0
MARK CLASTER	BOARD MEMBER	3.00	Director	$0	$0	$0
MITCHELL DRUCKER	BOARD MEMBER	3.00	Director	$0	$0	$0
NEIL GARFINKEL	BOARD MEMBER	3.00	Director	$0	$0	$0
VICTOR GANY	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL HELLER	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREW HOINE	BOARD MEMBER	3.00	Director	$0	$0	$0
BARRY JUPITER	BOARD MEMBER	3.00	Director	$0	$0	$0
JILL LAMORETTI	BOARD MEMBER	3.00	Director	$0	$0	$0
NANCY LANE	BOARD MEMBER	3.00	Director	$0	$0	$0
PAUL LEVY	BOARD MEMBER	3.00	Director	$0	$0	$0
PHIL MALAKOFF	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRIS MONGELUZO	BOARD MEMBER	3.00	Director	$0	$0	$0
RODNEY NATHAN	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREW STEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JARED WASSERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREW WEINSTOCK	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL ZIMMERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
STACEY BENNETT	BOARD MEMBER	3.00	Director	$0	$0	$0
JANE ZIMMERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSEPH GARDNER	GREENS SUPERINTENDENT	50.00	Key Emp	$415,510	$56,956	$472,466
EDWARD LEONARD	GENERAL MANAGER	50.00	Key Emp	$425,000	$47,342	$472,342
PHILLIP CASTRO	EXECUTIVE CHEF	50.00	Highest	$172,980	$22,500	$195,480
DANY BALIN	GOLF PRO	50.00	Highest	$286,077	$58,156	$344,233
LESLIE YOUNG-ZEOLI	CONTROLLER	40.00	Highest	$186,836	$20,374	$207,210

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	$16,392,063	$13,678,574	$25,548,157	$2,713,489
2022	$16,352,767	$15,154,433	$21,928,305	$1,198,334
2021	$12,798,116	$13,346,748	$19,513,475	$-548,632
2020	$10,739,478	$9,369,772	$19,136,759	$1,369,706
2019	$13,253,937	$12,194,123	$17,621,875	$1,059,814
2018	$12,200,468	$12,186,186	$17,212,748	$14,282