THE GARDEN CITY GOLF CLUB (EIN 110787820) - Form 990 Financial Analysis & Trantor Score

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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

1899

Legal Domicile

Principal Officer

JOSEPH CASTRONOVO

Phone

5167472880

Tax Period

2023-01-01 to 2023-12-31

THE GARDEN CITY GOLF CLUB, founded in 1899, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $7.0M left a modest 9% surplus.

Mission

THE PURPOSE AND OBJECTIVE OF THE CLUB IS TO PROVIDE GOLF, PLATFORM TENNIS, OTHER SPORTS ACTIVITIES AND A CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS 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 $5,738,435

Investment Income $65,049

Other Revenue $1,859,688

TOTAL REVENUE $7,663,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,343,655

Fundraising Expenses $0

Other Expenses $2,628,680

TOTAL EXPENSES $6,972,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,663,172	$6,709,407	+0.1%
Expenses	$6,972,335	$6,694,210	+0.0%
Net Income	$690,837	$15,197	+44.5%

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

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

$680,828

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY W MULHOLLAND	PRESIDENT	3.00	Officer Director	$0	$0	$0
FRANK LIANTONIO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT M HARPER	SECRETARY	3.00	Officer Director	$0	$0	$0
JOSEPH CASTRONOVO	TREASURER	3.00	Officer Director	$0	$0	$0
KEVIN HARDING	GOVERNOR	3.00	Director	$0	$0	$0
MATTHEW KRAMER	GOVERNOR	3.00	Director	$0	$0	$0
ALEXANDER F DEMATTEIS	GOVERNOR	3.00	Director	$0	$0	$0
DONALD J MCDONOUGH III	GOVERNOR	3.00	Director	$0	$0	$0
MATTHEW M MILLER	GOVERNOR	3.00	Director	$0	$0	$0
PATRICK QUINN	GOVERNOR	3.00	Director	$0	$0	$0
MICHAEL RAFFERTY	GOVERNOR	3.00	Director	$0	$0	$0
B CHARLES MANNING	GOVERNOR	3.00	Director	$0	$0	$0
MICHAEL A MCALEAVEY	GREENS SUPERINTENDENT	40.00	Key Emp	$302,665	$53,930	$356,595
DANIEL REKUS	GENERAL MANAGER	40.00	Key Emp	$282,917	$41,316	$324,233
NICHOLAS AMATO	CONTROLLER	40.00	Highest	$158,500	$34,589	$193,089
EVAN BLACKWOOD	ASST. GREENS SUPERINTENDENT	40.00	Highest	$116,321	$13,584	$129,905
HENRY MELARA	ASSISTANT GENERAL MANAGER	40.00	Highest	$136,282	$33,337	$169,619
ROBERT C RITTBERGER	GOLF PROFESSIONAL	40.00	Highest	$147,485	$40,642	$188,127
PAUL SCHRADER	EXECUTIVE CHEF	40.00	Highest	$157,273	$34,448	$191,721

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	$7,663,172	$6,972,335	$9,853,437	$690,837
2022	$6,709,407	$6,694,210	$9,141,652	$15,197
2021	$6,954,097	$6,448,244	$8,730,009	$505,853
2020	$6,254,022	$5,863,304	$8,267,202	$390,718
2019	$6,788,766	$5,977,742	$7,530,075	$811,024
2018	$5,896,243	$5,888,170	$6,700,903	$8,073

THE GARDEN CITY GOLF CLUB