THE HEIGHTS CASINO 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

1904

Legal Domicile

Principal Officer

JUSTIN LUNGSTRUM

Phone

7186240810

Tax Period

2023-09-01 to 2024-08-31

THE HEIGHTS CASINO INC, founded in 1904, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.1M left a modest 3% surplus.

Mission

THE CLUB PROVIDES TENNIS AND SQUASH FACILITIES FOR THE MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE MEMBERSHIP.

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 $2,608,916

Investment Income $56,855

Other Revenue $4,664,351

TOTAL REVENUE $7,330,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,259,880

Fundraising Expenses $0

Other Expenses $3,828,826

TOTAL EXPENSES $7,088,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,330,122	$6,630,812	+0.1%
Expenses	$7,088,706	$6,687,247	+0.1%
Net Income	$241,416	$-56,435	-5.3%

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

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

$374,097

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN LUNGSTRUM	PRESIDENT	3.00	Officer Director	$0	$0	$0
NADINE KIM	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ADRIAN BUZZ DOHERTY	TREASURER	3.00	Officer Director	$0	$0	$0
MELISSA BARNETT	SECRETARY	3.00	Officer Director	$0	$0	$0
ALI HILL	GOVERNOR	3.00	Director	$0	$0	$0
ROBERT BOB WHITEFORD	GOVERNOR	3.00	Director	$0	$0	$0
JONATHAN INSULL	GOVERNOR	3.00	Director	$0	$0	$0
WILLIAM BILL RIFKIN	GOVERNOR	3.00	Director	$0	$0	$0
ERIN DOCKERY MACDERMOTT	GOVERNOR	3.00	Director	$0	$0	$0
MEREDETH QUICK BARBER	GOVERNOR	3.00	Director	$0	$0	$0
SYBIL POOL	GOVERNOR	3.00	Director	$0	$0	$0
PATRICK SWEENEY	GOVERNOR	3.00	Director	$0	$0	$0
CRISTIAN PETRINA	GENERAL MANAGER	40.00	Key Emp	$346,633	$27,464	$374,097
CLINTON ALFORD	DIRECTOR OF TENNIS DEPT.	40.00	Highest	$293,156	$34,847	$328,003
JAMES BAMBER	FMR DIRECTOR OF SQUASH DEP	40.00	Highest	$190,737	$11,719	$202,456

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	No data	No data	No data	No data
2024	$7,330,122	$7,088,706	$8,949,087	$241,416
2023	$6,630,812	$6,687,247	$8,389,999	$-56,435
2022	$5,747,844	$6,263,582	$6,568,035	$-515,738
2021	$5,587,085	$4,888,939	$6,822,073	$698,146
2020	$5,502,357	$5,669,854	$6,279,639	$-167,497
2019	$6,306,973	$6,595,109	$6,511,015	$-288,136
2018	$6,059,255	$6,134,153	$6,928,850	$-74,898