TOWERS COUNTRY CLUB INC C/O NORTH SHORE TOWERS MANAGEMENT (EIN 132854903) - 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

1976

Legal Domicile

Principal Officer

MARTIN SCHWARTZMAN

Phone

7184233335

Tax Period

2024-03-01 to 2024-12-31

TOWERS COUNTRY CLUB INC C/O NORTH SHORE TOWERS MANAGEMENT, founded in 1976, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

OPERATE A COUNTRY CLUB AND GOLF COURSE ON BEHALF OF NORTH SHORE TOWERS APARTMENTS, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,598,504

Investment Income $72,029

Other Revenue $0

TOTAL REVENUE $4,670,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,222,623

Fundraising Expenses $0

Other Expenses $3,198,230

TOTAL EXPENSES $5,420,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,670,533	$3,396,895	+0.4%
Expenses	$5,420,853	$3,723,034	+0.5%
Net Income	$-750,320	$-326,139	+1.3%

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

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COCO XIE	CLUB MANAGER	40.00	Highest	$109,523	$0	$109,523
MARTIN SCHWARTZMAN	PRESIDENT	1.00	Director	$0	$0	$0
STUART BERLAND	TREASURER	1.00	Director	$0	$0	$0
SOPHIA MIGHTY	SECRETARY	1.00	Director	$0	$0	$0
THERESA OROPALLO	1ST VICE PRE	1.00	Director	$0	$0	$0
STEPHEN KRONWITH	VICE PRESIDE	1.00	Director	$0	$0	$0
JAMES SHORT	VICE PRESIDE	1.00	Director	$0	$0	$0
BARRY BERMAN	VICE PRESIDE	1.00	Director	$0	$0	$0
JOSEPH MILLER	VICE PRESIDE	1.00	Director	$0	$0	$0
PHYLLIS GOLDSTEIN	VICE PRESIDE	1.00	Director	$0	$0	$0

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	$4,670,533	$5,420,853	$6,855,553	$-750,320
2024	$3,396,895	$3,723,034	$5,388,751	$-326,139
2023	$4,227,708	$3,481,998	$5,688,638	$745,710
2022	$3,774,913	$3,274,560	$4,943,483	$500,353
2021	$2,699,434	$2,812,031	$4,399,989	$-112,597
2020	$3,684,241	$3,611,534	$4,558,321	$72,707
2019	$3,428,832	$3,477,500	$4,462,474	$-48,668
2018	$3,520,136	$3,290,938	$4,491,507	$229,198

TOWERS COUNTRY CLUB INC C/O NORTH SHORE TOWERS MANAGEMENT