MILL RIVER CLUB INC (EIN 112028458) - 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

1965

Legal Domicile

Principal Officer

BRIAN NARDONE

Phone

5169223556

Tax Period

2023-01-01 to 2023-12-31

MILL RIVER CLUB INC, founded in 1965, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $8.7M left a modest 5% surplus.

Mission

A FAMILY FRIENDLY PRIVATE SOCIAL CLUB WELCOMING MEMBERS OF EVERY ETHNIC AND RELIGIOUS BACKGROUND.

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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 $5,448,639

Investment Income $144,254

Other Revenue $3,493,416

TOTAL REVENUE $9,086,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,209,098

Fundraising Expenses $0

Other Expenses $3,443,597

TOTAL EXPENSES $8,652,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,086,309	$8,398,452	+0.1%
Expenses	$8,652,695	$8,312,963	+0.0%
Net Income	$433,614	$85,489	+4.1%

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

123

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

$632,084

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH VECCHIO	PRESIDENT	8.00	Officer Director	$0	$0	$0
ROBERT MARLOW	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
BRIAN NARDONE	TREASURER	8.00	Officer Director	$0	$0	$0
SUZANNE MANDEL	SECRETARY	4.00	Officer Director	$0	$0	$0
CHARLES BERGMANN	GOVERNOR	2.00	Director	$0	$0	$0
GREG CALLEGARI	GOVERNOR	2.00	Director	$0	$0	$0
LAWRENCE HIRSCHHEIMER	GOVERNOR	2.00	Director	$0	$0	$0
AMY HOCHBERG	GOVERNOR	2.00	Director	$0	$0	$0
VIJAY KEDIA	GOVERNOR	2.00	Director	$0	$0	$0
ALAN LEVINE	GOVERNOR	2.00	Director	$0	$0	$0
BHUVANESH SINGH	GOVERNOR	2.00	Director	$0	$0	$0
FERNANDO SOLER	GOVERNOR	2.00	Director	$0	$0	$0
CLAUDIA VOGEL	GOVERNOR	2.00	Director	$0	$0	$0
DONALD MOLLITOR	GENERAL MANAGER	40.00	Key Emp	$287,000	$23,272	$310,272
STEVEN SWEET	GREENS SUPERINTENDENT	40.00	Key Emp	$291,000	$30,812	$321,812
JASON CARON	GOLF PRO	40.00	Highest	$228,029	$27,617	$255,646
THOMAS SCHAUDEL	EXECUTIVE CHEF	40.00	Highest	$202,000	$5,425	$207,425
EVELYN FOLEY	CONTROLLER	40.00	Highest	$143,260	$4,600	$147,860
SAMUEL HESS	ASST. SUPERINTENDENT	40.00	Highest	$136,000	$23,215	$159,215

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	$9,086,309	$8,652,695	$12,270,771	$433,614
2022	$8,398,452	$8,312,963	$11,721,927	$85,489
2021	$8,340,769	$7,905,240	$11,730,867	$435,529
2020	$7,197,668	$6,846,384	$11,554,118	$351,284
2019	$8,415,680	$8,083,537	$11,727,390	$332,143
2018	$7,593,609	$7,612,626	$11,136,157	$-19,017

MILL RIVER CLUB INC