SOMERSET LAKE & GAME CLUB

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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

1917

Legal Domicile

Principal Officer

James Elliott

Phone

9179135229

Tax Period

2024-04-01 to 2025-03-31

SOMERSET LAKE & GAME CLUB, founded in 1917, is a small nonprofit that reported $739K in total revenue in fiscal year 2024. Net assets of $2.5M represent 40 months of operating reserves.

Mission

SOMERSET LAKE & GAME CLUB WAS FORMED FOR SOCIAL, INTELLECTUAL AND RECREATIONAL PURPOSES.

Program Service Accomplishments

Program 1

PROGRAMS PROVIDED INCLUDE SWIMMING, BOATING, FISHING, AND PICNICS FOR THE MEMBER FAMILIES.

Program 2

FIVE (5) WEEK SUMMER CAMP FOR CHILDREN OF THE MEMBERS FROM AGES 4 TO 13. THE PARTICIPANTS ARE ENGAGED IN ARTS AND CRAFTS, GAMES AND SWIMMING DURING THE 3 HOUR CAMP SESSION.

Program 3

TENNIS LESSONS ARE OFFERED TO MEMBERS AND THEIR FAMILIES

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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 $682,594

Investment Income $56,609

Other Revenue $0

TOTAL REVENUE $739,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,389

Fundraising Expenses $0

Other Expenses $547,472

TOTAL EXPENSES $749,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$739,203	$697,853	+0.1%
Expenses	$749,861	$586,428	+0.3%
Net Income	$-10,658	$111,425	-1.1%

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

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
Michael Osterman	Trustee	1.00	Director	$0	$0	$0
Lauren Diemar	Trustee	1.00	Director	$0	$0	$0
William Seifert	Vice Presndent	1.00	Officer Director	$0	$0	$0
Matthew Phillips	Trustee	1.00	Director	$0	$0	$0
James Elliott	Treasurer	1.00	Officer Director	$0	$0	$0
Arden Miller	President	1.00	Officer Director	$0	$0	$0
Marianne Saladino	Secretary	1.00	Officer Director	$0	$0	$0
Laura Jelinick	Trustee	1.00	Director	$0	$0	$0
Kelly Macomber	Trustee	1.00	Director	$0	$0	$0
Glenn Likus	Trustee	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
2025	$739,203	$749,861	$2,482,686	$-10,658
2024	$697,853	$586,428	$2,448,182	$111,425
2023	$610,087	$616,640	$2,188,829	$-6,553
2022	$630,685	$547,062	$2,245,083	$83,623
2021	$611,064	$443,406	$2,113,572	$167,658