BRAE BURN COUNTRY CLUB INC

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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

1964

Legal Domicile

Principal Officer

WILLIAM P SCHULTZ

Phone

9147618300

Tax Period

2023-10-01 to 2024-09-30

BRAE BURN COUNTRY CLUB INC, founded in 1964, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $12.7M left a modest 14% surplus.

Mission

THE OBJECT OF THE CLUB IS TO PROMOTE SOCIAL ACTIVITIES AMONG THE MEMBERS AND TO ENCOURAGE AND STIMULATE THE INTEREST IN GOLF AND OTHER SPORTS FOR THE ENJOYMENT OF MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

TAX EXEMPT CLUB ACTIVITIES.

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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 $10,306,398

Investment Income $287,064

Other Revenue $4,201,605

TOTAL REVENUE $14,795,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,268,728

Fundraising Expenses $0

Other Expenses $5,416,128

TOTAL EXPENSES $12,684,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,795,067	$13,393,880	+0.1%
Expenses	$12,684,856	$12,304,696	+0.0%
Net Income	$2,110,211	$1,089,184	+0.9%

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

139

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

$890,288

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SNYDER	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID SHERMAN	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BERNIE JACOB	2ND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MEREDITH KORNREICH	SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM SCHULTZ	TREASURER	3.00	Officer Director	$0	$0	$0
JOSH ADLER	GOVERNOR	3.00	Director	$0	$0	$0
NEIL E KOZEK	GOVERNOR	3.00	Director	$0	$0	$0
PETER MORGENSTERN	GOVERNOR	3.00	Director	$0	$0	$0
AMY SHANUS	GOVERNOR	3.00	Director	$0	$0	$0
ADAM VICKERS	GOVERNOR	3.00	Director	$0	$0	$0
AVI AVIDAN	GOVERNOR	3.00	Director	$0	$0	$0
GARY MERJIAN GARY	GENERAL MANAGER-CEO	40.00	Key Emp	$452,308	$32,048	$484,356
BLAKE HALDERMAN	GREENS SUPERINTENDENT	40.00	Key Emp	$339,212	$66,720	$405,932
THOMAS ISIDORI	EXECUTIVE CHEF	40.00	Highest	$256,308	$31,224	$287,532
KEVIN MARKUS	CONTROLLER-CFO	40.00	Highest	$166,110	$16,023	$182,133
SETH BALASNY	CLUBHOUSE MANAGER	40.00	Highest	$158,815	$18,577	$177,392
DREW BILLARD	GOLF PROFESSIONAL	40.00	Highest	$143,805	$9,163	$152,968
CHRISTOPHER PAULINO	ASSISTANT GOLF PRO	40.00	Highest	$134,341	$0	$134,341

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	$14,795,067	$12,684,856	$51,226,218	$2,110,211
2023	$13,393,880	$12,304,696	$48,919,754	$1,089,184
2022	$12,758,684	$11,469,644	$47,677,203	$1,289,040
2021	$11,347,475	$10,201,705	$45,490,641	$1,145,770
2020	$8,971,605	$8,069,151	$42,016,857	$902,454
2019	$9,294,464	$8,282,494	$41,229,979	$1,011,970
2018	$9,114,448	$8,383,406	$40,373,563	$731,042