SHENOROCK SHORE CLUB INC (EIN 131731140) - 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

1946

Legal Domicile

Principal Officer

JOHN DILLON

Phone

9149673700

Tax Period

2023-01-01 to 2023-12-31

SHENOROCK SHORE CLUB INC, founded in 1946, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023. Expenses of $8.9M left a modest 15% surplus.

Mission

TO ENCOURAGE SOCIAL RECREATION AS A BEACH CLUB AND TO MAINTAIN A CLUBHOUSE, WHICH PROVIDES DINING AND SOCIAL ACTIVITIES FOR THE MEMBERSHIP.

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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 $6,123,816

Investment Income $141,711

Other Revenue $4,156,678

TOTAL REVENUE $10,422,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,354,912

Fundraising Expenses $0

Other Expenses $3,516,487

TOTAL EXPENSES $8,871,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,422,205	$9,678,312	+0.1%
Expenses	$8,871,399	$8,943,668	0.0%
Net Income	$1,550,806	$734,644	+1.1%

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

311

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

$623,367

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH GIROUX	PRESIDENT	3.00	Officer Director	$0	$0	$0
JON ROGERS	TREASURER/BUILDING & GROUNDS	3.00	Officer Director	$0	$0	$0
FRANK GADLETA	SECRETARY	3.00	Officer Director	$0	$0	$0
KELLEY BIONDI	GOVERNOR - YOUTH ACTIVITIES	3.00	Director	$0	$0	$0
MICHAEL BROOKS	GOVERNOR - YACHTING	3.00	Director	$0	$0	$0
JOHN CRONIN	GOVERNOR - ENTERTAINMENT	3.00	Director	$0	$0	$0
SIOBHAN GREEN	GOVERNOR - HOUSE	3.00	Director	$0	$0	$0
JJ JORDAN	GOVERNOR - RACQUET SPORTS	3.00	Director	$0	$0	$0
ALICE BALDWIN	GOVERNOR - RULES AND SECURITY	3.00	Director	$0	$0	$0
LISA HOGAN LUTHRINGER	GOVERNOR - MEMBERSHIP	3.00	Director	$0	$0	$0
SUSAN KEATING	GOVERNOR - DINING	3.00	Director	$0	$0	$0
MICHAEL MAY	GOVERNOR - BEACH AND POOL	3.00	Director	$0	$0	$0
RICHARD LACOURSIERE	GENERAL MANAGER	40.00	Key Emp	$337,189	$74,518	$411,707
MARTIN VIDALES	BUILDING & GROUNDS MANAGER	40.00	Key Emp	$165,883	$45,777	$211,660
LEONARD PHILLIPS	EXECUTIVE CHEF	40.00	Highest	$285,653	$65,107	$350,760
JANET HALL	CONTROLLER	40.00	Highest	$174,409	$34,982	$209,391

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	$10,422,205	$8,871,399	$21,387,144	$1,550,806
2022	$9,678,312	$8,943,668	$19,013,942	$734,644
2021	$9,306,517	$7,890,366	$18,216,908	$1,416,151
2020	$7,647,120	$6,573,856	$16,579,455	$1,073,264
2019	$8,294,094	$7,712,665	$15,364,164	$581,429
2018	$9,267,860	$7,237,462	$15,064,092	$2,030,398

SHENOROCK SHORE CLUB INC