GOLF CLUB OF PURCHASE INC

EIN: 133863688 Recreation & Sports

PURCHASE, NY

Total Revenue
$9,928,574
Total Expenses
$8,027,074
Total Assets
$45,676,387
Net Assets
$39,501,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
MICHAEL RANKOWITZ
Phone
9143285047
Tax Period
2023-11-01 to 2024-10-31

GOLF CLUB OF PURCHASE INC, founded in 1992, is a community nonprofit in the Recreation & Sports sector that reported $9.9M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 19% operating margin.

Mission

THE GOLF CLUB OF PURCHASE, INC. WAS INCORPORATED UNDER NEW YORK STATE NOT FOR PROFIT CORPORATION LAW FOR THE PURPOSE OF OPERATING A PRIVATE RECREATIONAL GOLF CLUB EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS, THEIR FAMILIES AND GUESTS. THE CLUB IS FUNDED BY DUES, FEES AND CHARGES TO THE MEMBERSHIP FOR THE USE OF THE FACILITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,307,326
Investment Income $250,542
Other Revenue $-629,294
TOTAL REVENUE $9,928,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,284,643
Fundraising Expenses $0
Other Expenses $3,742,431
TOTAL EXPENSES $8,027,074

Year-over-Year Comparison

2023 2022 Change
Revenue $9,928,574 $6,857,760 +0.4%
Expenses $8,027,074 $7,444,553 +0.1%
Net Income $1,901,500 $-586,793 -4.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
75
Volunteers
11

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
9
$1,636,802
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WISE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN MACK CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHAEL RANKOWITZ TREASURER 2.00
Officer Director
$0 $0 $0
LEONARD BOXER SECRETARY 2.00
Officer Director
$0 $0 $0
RONALD BLAYLOCK BOARD MEMBER 2.00
Director
$0 $0 $0
MARK F DZIALGA BOARD MEMBER 2.00
Director
$0 $0 $0
WES EDENS BOARD MEMBER 2.00
Director
$0 $0 $0
ISAAC ZION BOARD MEMBER 2.00
Director
$0 $0 $0
MATTHEW BOSTOCK BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL PETRICK BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLOTTE SWARTZ BOARD MEMBER 2.00
Director
$0 $0 $0
SOPHIE MOND GENERAL MANAGER 50.00
Officer
$337,500 $21,347 $358,847
CARL ALEXANDER DIRECTOR OF GOLF 50.00
Officer
$556,738 $41,730 $598,468
AARON CROUSE GOLF COURSE SUPERINTENDENT 50.00
Officer
$287,500 $20,355 $307,855
NIKI LACERDA COMPTROLLER 50.00
Officer
$180,000 $3,924 $183,924
EDWARD MYDER HEAD CHEF 50.00
Officer
$185,000 $2,708 $187,708
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 $9,928,574 $8,027,074 $45,676,387 $1,901,500
2023 $6,857,760 $7,444,553 $37,599,998 $-586,793
2022 $5,879,905 $7,051,054 $35,261,045 $-1,171,149
2021 $5,333,154 $5,558,143 $35,575,941 $-224,989
2020 $5,572,875 $6,594,379 $37,563,314 $-1,021,504
2019 $6,374,202 $7,335,532 $39,026,873 $-961,330
2018 $6,247,240 $7,666,014 $39,169,399 $-1,418,774
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