LARCHMONT SHORE CLUB CORPORATION (EIN 131716709) - 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

1925

Legal Domicile

Principal Officer

JAMES RYAN

Phone

9148341516

Tax Period

2023-01-01 to 2023-12-31

LARCHMONT SHORE CLUB CORPORATION, founded in 1925, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 365% from the prior year, signaling strong growth momentum. Expenses of $7.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE CLUB PROVIDES RECREATIONAL AND DINING FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND GUESTS.

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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 $3,802,955

Investment Income $3,126

Other Revenue $3,131,764

TOTAL REVENUE $6,937,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,364,029

Fundraising Expenses $0

Other Expenses $2,538,548

TOTAL EXPENSES $7,902,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,937,845	$1,492,606	+3.6%
Expenses	$7,902,577	$1,696,758	+3.7%
Net Income	$-964,732	$-204,152	+3.7%

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

244

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

$267,504

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RYAN	PRESIDENT	6.00	Officer Director	$0	$0	$0
ABIGAIL SHOWERS	1ST VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TARA LYNN GONZALEZ	2ND VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT MORIARTY	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID HAMMARLEY	ASSISTANT TREASURER	4.00	Officer Director	$0	$0	$0
ALISON BROWN	SECRETARY	4.00	Officer Director	$0	$0	$0
EDMOND WU	ASSISTANT SECRETARY	4.00	Director	$0	$0	$0
MICHAEL GARRETT	DIRECTOR	4.00	Director	$0	$0	$0
SANJIV JASWAL	DIRECTOR	4.00	Director	$0	$0	$0
MATTHEW MCCAULEY	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD SUMMO	DIRECTOR	4.00	Director	$0	$0	$0
BENNY VANULLE	COO/GENERAL MANAGER	54.00	Key Emp	$234,065	$33,439	$267,504
ROGERIO RIBEIRO	TENNIS PRO	54.00	Highest	$204,987	$41,544	$246,531
JOSEPH GRANUCCI	CFO/CONTROLLER	50.00	Highest	$172,793	$7,744	$180,537
RITA MCCREADY	ASSISTANT MANAGER	52.00	Highest	$151,281	$27,873	$179,154
RAMON FURTADO	DINING ROOM MANAGER	50.00	Highest	$107,527	$18,575	$126,102
JOHN BYRNE	EXECUTIVE CHEF	54.00	Highest	$112,962	$0	$112,962

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	$6,937,845	$7,902,577	$7,186,129	$-964,732
2022	$6,432,118	$7,677,718	$9,160,993	$-1,245,600
2022	$1,492,606	$1,696,758	$8,064,605	$-204,152
2021	$6,213,535	$6,206,790	$10,457,845	$6,745
2020	$4,773,921	$5,277,504	$10,244,310	$-503,583
2019	$5,863,442	$6,065,258	$10,856,533	$-201,816
2018	$6,050,656	$5,977,856	$11,010,647	$72,800

LARCHMONT SHORE CLUB CORPORATION