SOUTHWARD HO COUNTRY CLUB INC

EIN: 111349700

BAY SHORE, NY

Total Revenue
$14,129,937
Total Expenses
$11,866,524
Total Assets
$21,909,972
Net Assets
$20,289,963
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NY
Principal Officer
THOMAS LAURITANO
Phone
6316651710
Tax Period
2024-01-01 to 2024-12-31

SOUTHWARD HO COUNTRY CLUB INC, founded in 1923, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 16% operating margin.

Mission

TO PROVIDE GOLF, TENNIS AND SOCIAL AMENITIES TO ITS MEMBERS IN ACCORDANCE WITH THE CONSTITUTION AND BY-LAWS OF THE ORGANIZATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,883,105
Investment Income $345,756
Other Revenue $4,901,076
TOTAL REVENUE $14,129,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,094,128
Fundraising Expenses $0
Other Expenses $4,772,396
TOTAL EXPENSES $11,866,524

Year-over-Year Comparison

2024 2023 Change
Revenue $14,129,937 $12,498,317 +0.1%
Expenses $11,866,524 $11,267,390 +0.1%
Net Income $2,263,413 $1,230,927 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
231
Volunteers
79

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
3
$0
Total Directors
11
$0
Key Employees
2
$551,128
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS BROWN PRESIDENT 3.00
Officer Director
$0 $0 $0
PETER GLASS TREASURER 3.00
Officer Director
$0 $0 $0
THOMAS LAURITANO SECRETARY 3.00
Officer Director
$0 $0 $0
KENNETH ABRAMI VP MAINTENANCE 3.00
Director
$0 $0 $0
RAYMOND BANGS VP GREENS 3.00
Director
$0 $0 $0
JOSEPH BONAFEDE VP GOLF 3.00
Director
$0 $0 $0
ARTIE CIPOLETTI VP LONG RANGE PLANNING 3.00
Director
$0 $0 $0
JAMIE ROSICA VP MEMBERSHIP 3.00
Director
$0 $0 $0
MIKE BAGLIO VP SPECIAL ACTIVITIES 3.00
Director
$0 $0 $0
KEVIN REGAN VP HOUSE 3.00
Director
$0 $0 $0
JOSEPH MACINA VP AUDIT 3.00
Director
$0 $0 $0
BRIAN CURTIN GENERAL MANAGER 40.00
Key Emp
$272,793 $2,596 $275,389
JAMES STEWART GOLF SUPERINTENDENT 40.00
Key Emp
$241,410 $34,329 $275,739
BLAKE VERITY EXECUTIVE CHEF 40.00
Highest
$202,832 $25,958 $228,790
DAVID PRESTON GOLF PROFESSIONAL 40.00
Highest
$183,934 $34,024 $217,958
MICHELE EIFERT CONTROLLER 40.00
Highest
$136,642 $25,321 $161,963
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 $14,129,937 $11,866,524 $21,909,972 $2,263,413
2023 $12,498,317 $11,267,390 $20,708,925 $1,230,927
2022 $11,093,042 $10,121,557 $18,956,464 $971,485
2021 $11,404,222 $8,868,061 $18,361,468 $2,536,161
2020 $7,988,905 $7,399,198 $15,376,667 $589,707
2019 $8,610,295 $8,811,605 $14,789,813 $-201,310
2018 $8,482,642 $8,834,615 $14,924,263 $-351,973
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