SHADOW WOOD COUNTRY CLUB INC (EIN 113774878) - 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

2006

Legal Domicile

Principal Officer

RICHARD BUTLER

Phone

2399926000

Tax Period

2023-01-01 to 2023-12-31

SHADOW WOOD COUNTRY CLUB INC, founded in 2006, is a mid-sized nonprofit in the Recreation & Sports sector that reported $22.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $26.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

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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 $18,908,222

Investment Income $175,323

Other Revenue $3,589,262

TOTAL REVENUE $22,672,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,517,083

Fundraising Expenses $0

Other Expenses $13,034,954

TOTAL EXPENSES $26,552,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,672,807	$19,608,445	+0.2%
Expenses	$26,552,037	$23,663,226	+0.1%
Net Income	$-3,879,230	$-4,054,781	0.0%

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

417

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

$1,712,422

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ANTONELLI	PRESIDENT	20.00	Officer Director	$0	$0	$0
RICHARD BUTLER	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
KEN WATCHMAKER	TREASURER	20.00	Officer Director	$0	$0	$0
GERALD VOTTA	SECRETARY (THROUGH 3/23)	20.00	Officer Director	$0	$0	$0
JUDY DI SERAFINO	DIRECTOR (THROUGH 3/23)/SECRETARY (AS OF 3/23)	20.00	Officer Director	$0	$0	$0
RICK JACKSON	DIRECTOR	20.00	Director	$0	$0	$0
ROBERT NERO	DIRECTOR	20.00	Director	$0	$0	$0
DAVID VAN VILET	DIRECTOR	20.00	Director	$0	$0	$0
GREG DEVOU	DIRECTOR (AS OF 3/23)	20.00	Director	$0	$0	$0
WENDY KENNEDY	DIRECTOR (AS OF 3/23)	20.00	Director	$0	$0	$0
BRIAN BARTOLEC	GENERAL MANAGER	40.00	Officer	$1,037,248	$36,166	$1,073,414
SOREN SPIERS	CHIEF FINANCIAL OFFICER (THROUGH 6/23)	40.00	Officer	$506,219	$25,533	$531,752
MATTHEW SPIERS	CHIEF FINANCIAL OFFICER (AS OF 6/23)	40.00	Officer	$103,923	$3,333	$107,256
ANDY SCRIVNER	ASSISTANT GENERAL MANAGER	40.00	Highest	$347,880	$33,358	$381,238
ERIC RUHA	DIRECTOR OF AGRONOMY	40.00	Highest	$333,074	$39,937	$373,011
RICHARD CRISANTI	EXECUTIVE CHEF	40.00	Highest	$375,129	$26,214	$401,343
DANITA OSBORN	MEMBERSHIP DIRECTOR	40.00	Highest	$201,994	$21,456	$223,450
CHARLES WOLF	CLUBHOUSE MANAGER	40.00	Highest	$145,926	$12,118	$158,044

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	$22,672,807	$26,552,037	$65,169,222	$-3,879,230
2022	$19,608,445	$23,663,226	$58,565,491	$-4,054,781
2021	$17,682,525	$19,337,784	$55,101,901	$-1,655,259
2020	$15,487,128	$17,856,380	$48,101,196	$-2,369,252
2019	$14,753,879	$17,528,200	$36,274,071	$-2,774,321
2018	$18,911,261	$16,439,553	$38,323,211	$2,471,708

SHADOW WOOD COUNTRY CLUB INC