WATER MILL COMMUNITY CLUB INC (EIN 112248730) - 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

1952

Legal Domicile

Principal Officer

TERRI KIERNAN

Phone

6312838404

Tax Period

2024-01-01 to 2024-12-31

WATER MILL COMMUNITY CLUB INC, founded in 1952, is a small nonprofit that reported $208K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $45K, a strong 22% operating margin.

Mission

THE GOALS OF THE ORGANIZATION ARE TO FOSTER COMMUNITY SPIRIT AND WORK FOR THE CONSTANT BETTERMENT OF THE COMMUNITY.

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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 $140,427

Program Service Revenue $28,415

Investment Income $14,590

Other Revenue $24,327

TOTAL REVENUE $207,759

Expense Breakdown

Grants Paid $3,333

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,102

Other Expenses $158,999

TOTAL EXPENSES $162,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,759	$192,132	+0.1%
Expenses	$162,332	$184,399	-0.1%
Net Income	$45,427	$7,733	+4.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY CORWITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
EILEEN NOONAN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
PAT SLIWIENSKI	VICE-PRESIDENT OF MEMBERSH	2.00	Officer Director	$0	$0	$0
JAMIE WILSON	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN RAYNOR	CORRESPONDING SECRETARY	2.00	Officer Director	$0	$0	$0
JILL RAYNOR	RENTAL SECRETARY	2.00	Officer Director	$0	$0	$0
THERESA KIERNAN	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM HALSEY	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL MCKEEVER	TRUSTEE	2.00	Director	$0	$0	$0
TOM WHITE	TRUSTEE	2.00	Director	$0	$0	$0
EVANS EDSON	TRUSTEE	2.00	Director	$0	$0	$0

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	$207,759	$162,332	$809,276	$45,427
2023	$192,132	$184,399	$763,849	$7,733
2022	$181,145	$137,273	$756,116	$43,872
2021	$180,667	$128,050	$712,244	$52,617
2020	$139,765	$168,960	$659,627	$-29,195
2019	$160,731	$110,276	$688,822	$50,455
2018	$152,355	$108,798	$638,367	$43,557

WATER MILL COMMUNITY CLUB INC