FISHERS ISLAND CLUB INC (EIN 135679638) - 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

1941

Legal Domicile

Principal Officer

L PETER LAWRENCE

Phone

6317887225

Tax Period

2023-01-01 to 2023-12-31

FISHERS ISLAND CLUB INC, founded in 1941, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 7% surplus.

Mission

TO PROVIDE AND MAINTAIN FOR ITS MEMBERS A CLUBHOUSE, GROUNDS AND FACILITIES FOR GOLF.

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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 $6,417,618

Investment Income $136,005

Other Revenue $4,363,802

TOTAL REVENUE $10,917,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,108,271

Fundraising Expenses $0

Other Expenses $4,998,364

TOTAL EXPENSES $10,106,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,917,425	$9,727,033	+0.1%
Expenses	$10,106,635	$9,596,451	+0.1%
Net Income	$810,790	$130,582	+5.2%

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

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

115

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

$217,240

Total Directors

Key Employees

$679,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE K CONANT	PRESIDENT	3.00	Officer Director	$0	$0	$0
GREGORY W BAUER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LESLIE R COLEMAN	TREASURER	3.00	Officer Director	$0	$0	$0
MARK G BORDEN	SECRETARY	3.00	Officer Director	$0	$0	$0
REBECCA P BARTELS	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
JAMES M BAKER	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
NANCY D EAVES	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
GILBERT S HANSE	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
TODD H MCCORMACK	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
HILLARY B SCHAFER	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
MARGARET S WARDEN	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
DONALD W YOUNG	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
C FRITZ FOLEY	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
EMMY HOBSON	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
WINCHESTER F HOTCHKISS JR	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
CAROL H BRADBEER	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
CHRISTOPHER R BALL	BOARD OF GOVERNOR	3.00	Director	$0	$0	$0
TRUDI A EDWARDS	ASST. TREASURER/ CONTROLLER	50.00	Officer	$195,000	$22,240	$217,240
DONALD BECK	SUPERINTENDENT	50.00	Key Emp	$242,208	$25,073	$267,281
DAVID CUGINI	GENERAL MANAGER	70.00	Key Emp	$374,000	$38,640	$412,640
DANIEL COLVIN	DIRECTOR OF GOLF	50.00	Highest	$331,705	$29,664	$361,369
BENJAMIN CHRISTOPHER	EXECUTIVE CHEF	50.00	Highest	$171,893	$28,864	$200,757

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	$10,917,425	$10,106,635	$26,891,501	$810,790
2022	$9,727,033	$9,596,451	$27,023,690	$130,582
2021	$9,842,592	$8,974,257	$26,382,427	$868,335
2020	$6,733,945	$7,766,291	$25,946,449	$-1,032,346
2019	$8,986,571	$8,296,074	$27,855,060	$690,497
2018	$8,725,477	$7,698,793	$28,343,418	$1,026,684

FISHERS ISLAND CLUB INC