PREAKNESS HILLS COUNTRY CLUB

EIN: 221207825

WAYNE, NJ

Total Revenue
$9,614,256
Total Expenses
$8,933,997
Total Assets
$12,673,119
Net Assets
$4,916,221
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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
1926
Legal Domicile
NJ
Principal Officer
STEVEN BOTWINICK
Phone
9736942200
Tax Period
2023-01-01 to 2023-12-31

PREAKNESS HILLS COUNTRY CLUB, founded in 1926, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 7% surplus.

Mission

TO PROVIDE GOLF AND OTHER RECREATIONAL ACTIVITIES FOR ITS MEMBERS, THEIR FAMILY AND GUESTS.

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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 $6,385,940
Investment Income $1,749
Other Revenue $3,226,567
TOTAL REVENUE $9,614,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,529,175
Fundraising Expenses $0
Other Expenses $4,404,822
TOTAL EXPENSES $8,933,997

Year-over-Year Comparison

2023 2022 Change
Revenue $9,614,256 $8,548,723 +0.1%
Expenses $8,933,997 $8,756,468 +0.0%
Net Income $680,259 $-207,745 -4.3%
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

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Governance

Voting Members
15
Independent Members
15
Employees
135
Volunteers
15

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
4
$0
Total Directors
15
$0
Key Employees
2
$482,929
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC GOULD CLUB PRESIDENT 3.00
Officer Director
$0 $0 $0
STEVEN BOTWINICK 1ST VICE PRESIDENT/TREASURER 3.00
Officer Director
$0 $0 $0
MATT FEINER 2ND VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
GERARD J DONNELLY SECRETARY 3.00
Officer Director
$0 $0 $0
ALICE BROSER GOVERNOR 3.00
Director
$0 $0 $0
PERRY CHUDNOFF GOVERNOR 3.00
Director
$0 $0 $0
JORDAN FARKAS GOVERNOR 3.00
Director
$0 $0 $0
ROBERT KANTOR GOVERNOR 3.00
Director
$0 $0 $0
MATTHEW MAZON GOVERNOR 3.00
Director
$0 $0 $0
BRIAN MANDLER GOVERNOR 3.00
Director
$0 $0 $0
MARK S ROSEN GOVERNOR 3.00
Director
$0 $0 $0
WILLIAM RUKIN GOVERNOR 3.00
Director
$0 $0 $0
PETER VON HALLE GOVERNOR 3.00
Director
$0 $0 $0
ANDREW SILVERMAN GOVERNOR 3.00
Director
$0 $0 $0
MARC YUDKIN GOVERNOR 3.00
Director
$0 $0 $0
JOHN O'KEEFE GREENS SUPERINTENDENT 40.00
Key Emp
$203,339 $19,322 $222,661
RACHEL KRAMER GENERAL MANAGER 40.00
Key Emp
$231,346 $28,922 $260,268
CHRISTOPHER PASSARO EXECUTIVE CHEF 40.00
Highest
$213,400 $32,130 $245,530
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 $9,614,256 $8,933,997 $12,673,119 $680,259
2022 $8,548,723 $8,756,468 $12,418,447 $-207,745
2021 $7,846,758 $9,082,910 $11,920,103 $-1,236,152
2020 $6,497,132 $7,643,670 $12,899,492 $-1,146,538
2019 $7,573,417 $7,506,555 $12,178,669 $66,862
2018 $7,336,316 $6,987,764 $11,584,977 $348,552
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