GARDEN CITY COUNTRY CLUB INC (EIN 111122750) - 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

1916

Legal Domicile

Principal Officer

WILLIAM L MERINGOLO

Phone

5167468070

Tax Period

2024-01-01 to 2024-12-31

GARDEN CITY COUNTRY CLUB INC, founded in 1916, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 20% operating margin.

Mission

TO PROMOTE HEALTH AND PLEASURE FOR ITS MEMBERS. THE CLUB PROVIDES A CLUBHOUSE, GOLF COURSE, & OTHER SPORTS FACILITIES FOR THE USE & ENJOYMENT OF THE MEMBERS.PART I - LINE 5 & PART V - LINE 2ATHE GARDEN CITY COUNTRY CLUB, INC. (THE "CLUB") HAS AN EMPLOYMENT MANAGEMENT AGREEMENT WITH A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO") THAT PROVIDES A COMPREHENSIVE PERSONNEL MANAGEMENT SYSTEM ENCOMPASSING A BROAD RANGE OF SERVICES, INCLUDING BENEFITS AND PAYROLL ADMINISTRATION, HEALTH AND WORKER'S COMPENSATION INSURANCE PROGRAMS, PERSONNEL RECORDS MANAGEMENT, EMPLOYER LIABILITY MANAGEMENT, ETC. THE EXPENSE FOR THOSE INDIVIDUALS ARE INCLUDED IN THE CLUB'S SALARIES AND RELATED BENEFITS ON THE STATEMENT OF 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 $7,265,283

Investment Income $12,146

Other Revenue $4,179,264

TOTAL REVENUE $11,456,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,500,154

Fundraising Expenses $0

Other Expenses $3,705,429

TOTAL EXPENSES $9,205,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,456,693	$10,588,573	+0.1%
Expenses	$9,205,583	$8,789,540	+0.0%
Net Income	$2,251,110	$1,799,033	+0.3%

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

N/A

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

$541,020

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY HOLDEN	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANTHONY J SARKIS	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JAMES GUCKERT	2ND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
WILLIAM L MERINGOLO	TREASURER	3.00	Officer Director	$0	$0	$0
RICHARD OBER	SECRETARY	3.00	Officer Director	$0	$0	$0
DONALD ELUSTONDO	GOVERNOR	3.00	Director	$0	$0	$0
PATRICK FINLEY	GOVERNOR	3.00	Director	$0	$0	$0
CHRISTOPHER M DOWD	GOVERNOR	3.00	Director	$0	$0	$0
VINCENT GUIDA III	GOVERNOR	3.00	Director	$0	$0	$0
THOMAS J FLYNN	GOVERNOR	3.00	Director	$0	$0	$0
ED MCALEA	GOVERNOR	3.00	Director	$0	$0	$0
MICHAEL JOHNSON	GOVERNOR	3.00	Director	$0	$0	$0
ROBERT C QUACO	GOVERNOR	3.00	Director	$0	$0	$0
GEORGE TEIXEIRA	GOVERNOR	3.00	Director	$0	$0	$0
ANDREW DTORTO	GOVERNOR	3.00	Director	$0	$0	$0
AZ-DINE BOUCETTA	GENERAL MANAGER	40.00	Key Emp	$262,719	$54,178	$316,897
RUSSELL MAC PHAIL	GREENS SUPERINTENDENT	40.00	Key Emp	$214,961	$9,162	$224,123
CHRISTOPHER EDMONDS	ASSISTANT GREENS SUPER.	40.00	Highest	$110,608	$1,892	$112,500
LUCY HERNANDEZ	EXECUTIVE CHEF	40.00	Highest	$111,872	$1,931	$113,803
JOHN MAFFEI	ASSISTANT MANAGER	40.00	Highest	$135,582	$13,797	$149,379
BERNADETTE MARTIN	MEMBER/SERVICES BANQUETS	40.00	Highest	$103,484	$195	$103,679
JOHN KUNTZ	GOLF PRO	40.00	Highest	$220,737	$183	$220,920

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	$11,456,693	$9,205,583	$19,016,172	$2,251,110
2023	$10,588,573	$8,789,540	$17,590,275	$1,799,033
2022	$9,485,312	$8,404,482	$16,392,213	$1,080,830
2021	$8,460,994	$7,264,711	$15,572,533	$1,196,283
2020	$6,889,922	$5,795,334	$14,461,233	$1,094,588
2019	$7,624,702	$7,124,699	$14,409,094	$500,003
2018	$7,364,895	$6,846,363	$14,283,256	$518,532

GARDEN CITY COUNTRY CLUB INC