INWOOD COUNTRY CLUB

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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

1901

Legal Domicile

Principal Officer

JERROLD WEINSTEIN

Phone

5162392800

Tax Period

2023-01-01 to 2023-12-31

INWOOD COUNTRY CLUB, founded in 1901, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $7.5M left a modest 4% surplus.

Mission

TO PROMOTE SOCIAL INTERACTION AMONG ITS MEMBERS, TO ENCOURAGE AND STIMULATE AN INTEREST IN OUTDOOR SPORTS AND PERFORM SUCH THINGS AS THEY MAY PERTAIN TO SUCH PURPOSES.

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 $5,338,944

Investment Income $13,344

Other Revenue $2,451,442

TOTAL REVENUE $7,803,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,506,976

Fundraising Expenses $0

Other Expenses $3,972,504

TOTAL EXPENSES $7,479,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,803,730	$8,577,789	-0.1%
Expenses	$7,479,480	$7,714,815	0.0%
Net Income	$324,250	$862,974	-0.6%

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

116

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

$366,211

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS RUSINOWITZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
LELAND ROTH	CFO	3.00	Officer Director	$0	$0	$0
DAVID BERNSTEIN	SECRETARY	3.00	Officer Director	$0	$0	$0
JERROLD WEINSTEIN	TREASURER	3.00	Officer Director	$0	$0	$0
MICHAEL HUTTENLOCHER	BOARD MEMBER	3.00	Director	$0	$0	$0
LINDA SCHULMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
BRIAN ZIEGLER	BOARD MEMBER	3.00	Director	$0	$0	$0
DANIEL FRIEDMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JUDITH WEINSTEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
KEITH HARPER	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD BEGUN	BOARD MEMBER	3.00	Director	$0	$0	$0
DAN FAIRCLOUGH	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES BUONAIUTO	GENERAL MANAGER	40.00	Key Emp	$187,116	$0	$187,116
TIMOTHY FALVEY	GREENS SUPERINTENDENT	40.00	Key Emp	$170,038	$9,057	$179,095
JOSEPH COMUNALE	EXECUTIVE CHEF	40.00	Highest	$150,646	$25,813	$176,459
DEANN PARSONS-LOPEZ	CONTROLLER	40.00	Highest	$135,908	$0	$135,908
KYLE HIGGINS	GOLF PRO	40.00	Highest	$126,787	$0	$126,787

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	$7,803,730	$7,479,480	$10,669,817	$324,250
2022	$8,577,789	$7,714,815	$10,850,265	$862,974
2021	$7,566,256	$6,872,803	$11,369,464	$693,453
2020	$6,590,227	$5,522,802	$10,617,428	$1,067,425
2019	$6,601,178	$6,201,726	$10,076,234	$399,452
2018	$6,072,106	$5,835,284	$10,023,232	$236,822