HEMPSTEAD GOLF CLUB INC (EIN 110871370) - 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

1921

Legal Domicile

Principal Officer

MICHAEL DURNEY

Phone

5164867800

Tax Period

2024-05-01 to 2025-04-30

HEMPSTEAD GOLF CLUB INC, founded in 1921, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE A PRIVATE GOLF COURSE, FOOD & BEVERAGE SERVICE, AND OTHER RECREATIONAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,777,510

Investment Income $96,705

Other Revenue $3,582,971

TOTAL REVENUE $10,457,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,034,191

Fundraising Expenses $0

Other Expenses $4,122,755

TOTAL EXPENSES $10,156,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,457,186	$10,216,907	+0.0%
Expenses	$10,156,946	$9,716,628	+0.0%
Net Income	$300,240	$500,279	-0.4%

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

226

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

$553,827

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD TRABULSI	PRESIDENT	5.00	Officer Director	$0	$0	$0
FRED FINLEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL DURNEY	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM MUEGER	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
DAVID DEMILT	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES DEMPSEY	ASSISTANT SECRETARY	5.00	Officer Director	$0	$0	$0
GREG LACASSE	BOARD MEMBER	5.00	Director	$0	$0	$0
DANIEL FEDERICO	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL PORTSMORE	BOARD MEMBER	5.00	Director	$0	$0	$0
JOSEPH LIANA SR	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL GRIFFIN	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT BASEL	BOARD MEMBER	5.00	Director	$0	$0	$0
JONATHAN FANUZZI	BOARD MEMBER	5.00	Director	$0	$0	$0
OWEN DECOURSEY JR	BOARD MEMBER	5.00	Director	$0	$0	$0
ANTHONY CAPONE	BOARD MEMBER	5.00	Director	$0	$0	$0
JOSEPH TAMBORSKI	SUPERINTENDENT	40.00	Key Emp	$274,689	$21,030	$295,719
JOHN BRISSON	GENERAL MANAGER	40.00	Key Emp	$241,681	$16,427	$258,108
PETER NOTO	EXEC. CHEF	40.00	Highest	$199,545	$27,115	$226,660
LAURA MASSONI	CONTROLLER	40.00	Highest	$165,830	$331	$166,161
COLIN MCCONCHIE	GOLF PRO	40.00	Highest	$152,722	$17,337	$170,059
STEVEN PERKOWSKI	ASST. SUPERINTENDENT	40.00	Highest	$106,307	$9,900	$116,207
COLLEEN WEISBECKER	OFFICE MANAGER	40.00	Highest	$101,461	$9,873	$111,334

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	$10,457,186	$10,156,946	$12,443,839	$300,240
2024	$10,216,907	$9,716,628	$11,812,764	$500,279
2023	$9,200,836	$9,416,199	$9,387,621	$-215,363
2022	$9,107,574	$8,674,214	$9,116,815	$433,360
2021	$8,340,974	$7,981,321	$9,458,753	$359,653
2020	$8,455,557	$8,129,911	$8,751,769	$325,646
2019	$8,039,148	$8,189,460	$9,296,841	$-150,312
2018	$8,060,857	$7,889,026	$9,729,165	$171,831

HEMPSTEAD GOLF CLUB INC