OLD WESTBURY GOLF AND COUNTRY CLUB INC (EIN 111967540) - 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

1960

Legal Domicile

Principal Officer

MARK ROSEN

Phone

5166293010

Tax Period

2024-01-01 to 2024-12-31

OLD WESTBURY GOLF AND COUNTRY CLUB INC, founded in 1960, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Expenses of $17.9M left a modest 14% surplus.

Mission

PRIVATE MEMBERSHIP OWNED COUNTRY CLUB, WHICH INCLUDES GOLF COURSES, TENNIS FACILITIES, POOLS, FITNESS CENTER, AND DINING FACILITIES.

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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 $14,981,392

Investment Income $501,838

Other Revenue $5,335,543

TOTAL REVENUE $20,818,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,599,368

Fundraising Expenses $0

Other Expenses $7,255,096

TOTAL EXPENSES $17,854,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,818,773	$19,634,049	+0.1%
Expenses	$17,854,464	$17,271,430	+0.0%
Net Income	$2,964,309	$2,362,619	+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

204

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

$829,765

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ROSEN	PRESIDENT	30.00	Officer Director	$0	$0	$0
IVAN DOLOWICH	SECRETARY	20.00	Officer Director	$0	$0	$0
SCOTT PACKMAN	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
MITCHELL KAHN	TREASURER	20.00	Officer Director	$0	$0	$0
SHAWN ROGOL	BOARD MEMBER	10.00	Director	$0	$0	$0
BEN LEVINE	BOARD MEMBER	10.00	Director	$0	$0	$0
DONNA SCHLESSINGER	BOARD MEMBER	10.00	Director	$0	$0	$0
MITCHELL BARRY	BOARD MEMBER	10.00	Director	$0	$0	$0
ALAN TAUBER	BOARD MEMBER	10.00	Director	$0	$0	$0
RANDI LEVINE	BOARD MEMBER	10.00	Director	$0	$0	$0
ANDY PARKER	BOARD MEMBER	10.00	Director	$0	$0	$0
BRUCE COHEN	BOARD MEMBER	10.00	Director	$0	$0	$0
EYAL ISAAC	BOARD MEMBER	10.00	Director	$0	$0	$0
SHAUN LEWIS	FMR GENERAL MANAGER	50.00	Key Emp	$379,200	$20,710	$399,910
THOMAS MCAVOY	GREENS SUPERINTENDENT	50.00	Key Emp	$395,000	$34,855	$429,855
MICHAEL MEEHAN	GOLF PROFESSIONAL	50.00	Highest	$330,600	$37,298	$367,898
NICHOLAS CARLONE	EXECUTIVE CHEF	50.00	Highest	$230,000	$3,328	$233,328
MICHAEL D JACKSON	DIRECTOR OF FINANCE	50.00	Highest	$252,900	$23,196	$276,096
THOMAS RUSSO	CLUBHOUSE MANAGER	50.00	Highest	$195,000	$17,055	$212,055
RONALD J KAHN	TENNIS PROFESSIONAL	50.00	Highest	$200,430	$925	$201,355

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	$20,818,773	$17,854,464	$32,085,106	$2,964,309
2023	$19,634,049	$17,271,430	$29,217,083	$2,362,619
2022	$17,955,900	$16,500,908	$26,030,060	$1,454,992
2021	$16,881,231	$15,313,572	$24,637,751	$1,567,659
2020	$13,131,952	$12,024,215	$23,608,277	$1,107,737
2019	$14,621,509	$14,423,927	$22,832,049	$197,582
2018	$14,893,126	$14,107,374	$23,565,209	$785,752

OLD WESTBURY GOLF AND COUNTRY CLUB INC