QUAKER RIDGE GOLF CLUB INC (EIN 131726234) - 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

1916

Legal Domicile

Principal Officer

STEVEN PRINCE

Phone

9147251100

Tax Period

2023-01-01 to 2023-12-31

QUAKER RIDGE GOLF CLUB INC, founded in 1916, is a mid-sized nonprofit in the Recreation & Sports sector that reported $16.5M in total revenue in fiscal year 2023. Expenses of $14.9M left a modest 10% surplus.

Mission

TO PROMOTE THE GAME OF GOLF, AND OTHER OUTDOOR SPORTS, AND ALSO SOCIAL INTERCOURSE, AMONG ITS MEMBERS AND TO FURNISH SUITABLE FACILITIES THEREFORE.

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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 $12,004,044

Investment Income $31,983

Other Revenue $4,445,718

TOTAL REVENUE $16,481,745

Expense Breakdown

Grants Paid $17,004

Salaries & Benefits $7,908,188

Fundraising Expenses $0

Other Expenses $6,966,081

TOTAL EXPENSES $14,891,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,481,745	$15,868,523	+0.0%
Expenses	$14,891,273	$13,117,450	+0.1%
Net Income	$1,590,472	$2,751,073	-0.4%

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

158

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

$931,818

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY GOLENBOCK	PRESIDENT	3.00	Officer Director	$0	$0	$0
NEIL SANDLER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID GROBAN	SECRETARY	3.00	Officer Director	$0	$0	$0
GREGORY RACZ	TREASURER	3.00	Officer Director	$0	$0	$0
EVAN A HALPERN	DIRECTOR	3.00	Director	$0	$0	$0
JANE BERNSTEIN	DIRECTOR	3.00	Director	$0	$0	$0
LYNN BORCK	DIRECTOR	3.00	Director	$0	$0	$0
TOM POTTER	DIRECTOR	3.00	Director	$0	$0	$0
GENE ROSTOV	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH SILVER	DIRECTOR	3.00	Director	$0	$0	$0
MORGAN SPANGLE	DIRECTOR	3.00	Director	$0	$0	$0
DEBRA MACK	DIRECTOR	3.00	Director	$0	$0	$0
EDWARD JACOBS	DIRECTOR	3.00	Director	$0	$0	$0
JONATHAN SPITALNY	DIRECTOR	3.00	Director	$0	$0	$0
JACQUELYN WOLFSON	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT MUSICH	GENERAL MANAGER/COO	40.00	Key Emp	$477,306	$36,826	$514,132
THOMAS ASHFIELD	GREENS SUPERINTENDENT	40.00	Key Emp	$367,356	$50,330	$417,686
MARIO GUERRA	GOLF PRO	40.00	Highest	$386,046	$30,658	$416,704
CHRIS GESUALDT	EXECUTIVE CHEF	40.00	Highest	$250,588	$16,140	$266,728
ANN FREEMAN	CONTROLLER	40.00	Highest	$177,904	$25,475	$203,379
RICK BARDARI	ASST GENERAL MANAGER	40.00	Highest	$185,000	$13,163	$198,163
JORGE MUNGUIA	CLUBHOUSE MANAGER	40.00	Highest	$135,000	$24,324	$159,324

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	$16,481,745	$14,891,273	$48,019,178	$1,590,472
2022	$15,868,523	$13,117,450	$48,172,814	$2,751,073
2021	$13,797,158	$11,955,898	$45,555,222	$1,841,260
2020	$10,655,664	$9,823,199	$39,851,233	$832,465
2019	$11,923,595	$12,307,688	$25,438,230	$-384,093
2018	$11,402,194	$11,376,636	$25,382,423	$25,558

QUAKER RIDGE GOLF CLUB INC