HIGHLAND LAKES COUNTRY CLUB AND CA (EIN 220989444) - 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

1936

Legal Domicile

Principal Officer

MICHAEL GILLOOLEY

Phone

9737644366

Tax Period

2023-10-01 to 2024-09-30

HIGHLAND LAKES COUNTRY CLUB AND CA, founded in 1936, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $711K, a strong 18% operating margin.

Mission

THE ASSOCIATION MAINTAINS A PRIVATE, RESIDENTIAL LAKE COMMUNITY CONSISTING OF SINGLE-FAMILY HOMES LOCATED IN VERNON TOWNSHIP, NEW JERSEY. IT OWNS FIVE LAKES AND A LAGOON, BALL FIELDS, TENNIS COURTS, BEACHES, DOCKS AND OTHER FACILITIES, A CLUBHOUSE, AND OTHER AMENITIES.

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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 $3,672,777

Investment Income $199,676

Other Revenue $21,087

TOTAL REVENUE $3,893,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,256,583

Fundraising Expenses $0

Program Expenses $2,193,741

Other Expenses $1,925,803

TOTAL EXPENSES $3,182,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,893,540	$3,368,385	+0.2%
Expenses	$3,182,386	$3,917,792	-0.2%
Net Income	$711,154	$-549,407	-2.3%

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

108

Volunteers

342

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

$155,089

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE BURUCHIAN	TRUSTEE	20.00	Director	$0	$0	$0
LYLE TIMPSON	TRUSTEE	20.00	Director	$0	$0	$0
HEIDI FUHRMANN	TRUSTEE	20.00	Director	$0	$0	$0
JOE SWEENEY	TRUSTEE	20.00	Director	$0	$0	$0
JULIA CAMPBELL	TRUSTEE	20.00	Director	$0	$0	$0
DAVID LAGAS	TRUSTEE	20.00	Director	$0	$0	$0
STUART BLANK	TRUSTEE	20.00	Director	$0	$0	$0
JOAN DANAHER	TRUSTEE	20.00	Director	$0	$0	$0
THOMAS CASTIGLIONE	TRUSTEE	20.00	Director	$0	$0	$0
MADELINE HOLLINGSWORTH	TRUSTEE	20.00	Director	$0	$0	$0
ERIC CARD	TRUSTEE	20.00	Director	$0	$0	$0
ROBERT REFFELT	TRUSTEE	20.00	Director	$0	$0	$0
RAY ZIMMERMAN	PRESIDENT	20.00	Officer	$0	$0	$0
LISA ENTWISTLE	VICE PRESIDENT	20.00	Officer	$0	$0	$0
PATTY THOMPSON	VICE PRESIDENT	20.00	Officer	$0	$0	$0
LOU IANNUCCI	TREASURER	20.00	Officer	$0	$0	$0
JENNIFER ZIEGLER	SECRETARY	20.00	Officer	$0	$0	$0
DAVID MARTIN	GENERAL MANAGER	20.00	Key Emp	$155,089	$0	$155,089

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	$3,893,540	$3,182,386	$9,723,996	$711,154
2023	$3,368,385	$3,917,792	$9,232,282	$-549,407
2022	$3,316,649	$3,138,072	$9,765,960	$178,577
2021	$3,287,408	$3,281,787	$9,550,524	$5,621
2020	$3,271,445	$2,994,480	$9,526,600	$276,965
2019	$3,315,439	$2,676,989	$9,510,653	$638,450
2018	$3,287,086	$2,143,679	$8,774,468	$1,143,407

HIGHLAND LAKES COUNTRY CLUB AND CA