GLEN OAKS 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

1924

Legal Domicile

Principal Officer

LEE A WEISS

Phone

5166262900

Tax Period

2023-01-01 to 2023-12-31

GLEN OAKS CLUB INC, founded in 1924, is a mid-sized nonprofit that reported $23.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $33.1M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO CREATE A HOME AWAY FROM HOME ATMOSPHERE FOR CLUB MEMBERS AND THEIR GUESTS. THE CLUB'S GOAL IS TO PROVIDE THE HIGHEST QUALITY SERVICES CREATING AN ENVIRONMENT FOR THE MEMBERS TO ENJOY FULLY THEIR SOCIAL, RECREATIONAL AND DINING EXPERIENCES.

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 $18,096,446

Investment Income $40,073

Other Revenue $5,655,249

TOTAL REVENUE $23,791,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,743,806

Fundraising Expenses $0

Other Expenses $21,308,390

TOTAL EXPENSES $33,052,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,791,768	$21,978,358	+0.1%
Expenses	$33,052,196	$21,090,536	+0.6%
Net Income	$-9,260,428	$887,822	-11.4%

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

248

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

$1,200,420

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L WEISSMAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL S ZETLIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LEE A WEISS	TREASURER	3.00	Officer Director	$0	$0	$0
JEFFERY R CAPAZZI	SECRETARY	3.00	Officer Director	$0	$0	$0
JORDAN A ZIEGLER	PAST PRESIDENT	3.00	Director	$0	$0	$0
DANA WILKINS	GOVERNOR	3.00	Director	$0	$0	$0
CLIFFORD LANE	GOVERNOR	3.00	Director	$0	$0	$0
JOHN FLADELL	GOVERNOR	3.00	Director	$0	$0	$0
JENNIE FORTUNOFF	GOVERNOR	3.00	Director	$0	$0	$0
PETER J BAUM	GOVERNOR	3.00	Director	$0	$0	$0
JEFF SMITH	GOVERNOR	3.00	Director	$0	$0	$0
DANNA GATOFF	GOVERNOR	3.00	Director	$0	$0	$0
JOSH SHAPIRO	GOVERNOR	3.00	Director	$0	$0	$0
LAWRENCE WEISS	GOVERNOR	3.00	Director	$0	$0	$0
RICHARD GREENBLATT	GOVERNOR	3.00	Director	$0	$0	$0
LINDSAY DUBOFSKY	GOVERNOR	3.00	Director	$0	$0	$0
DANA WILKINS	GOVERNOR	3.00	Director	$0	$0	$0
MICHELLE ROBERTS	GOVERNOR	3.00	Director	$0	$0	$0
CRAIG CURRIER	DIRECTOR OF GOLF COURSE MA	50.00	Key Emp	$629,869	$41,765	$671,634
CRISTIAN ILIE	GENERAL MANAGER/ COO	50.00	Key Emp	$491,432	$37,354	$528,786
AMADO OCHOA	EXECUTIVE CHEF	50.00	Highest	$273,932	$31,031	$304,963
STEPHEN GABRIEL	CLUBHOUSE MANAGER	50.00	Highest	$245,820	$27,087	$272,907
TIMOTHY SHIFFLETT	GOLF HEAD PROFESSIONAL	50.00	Highest	$237,791	$44,976	$282,767
DANIELLE BACSO	CONTROLLER	50.00	Highest	$201,950	$44,336	$246,286
DANIEL DOVALE	FACILITIES MANAGER	50.00	Highest	$133,330	$27,608	$160,938

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	$23,791,768	$33,052,196	$17,495,720	$-9,260,428
2022	$21,978,358	$21,090,536	$16,765,268	$887,822
2021	$20,068,781	$19,455,848	$13,779,705	$612,933
2020	$15,195,041	$14,839,444	$12,960,687	$355,597
2019	$17,499,782	$18,588,608	$12,997,647	$-1,088,826
2018	$16,830,639	$16,370,919	$12,449,571	$459,720