SPRING LAKE GOLF CLUB (EIN 221982858) - 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

1972

Legal Domicile

Principal Officer

PETE KENNY

Phone

7324498100

Tax Period

2023-01-01 to 2023-12-31

SPRING LAKE GOLF CLUB, founded in 1972, is a mid-sized nonprofit in the Recreation & Sports sector that reported $11.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.3M left a modest 10% surplus.

Mission

THE CLUB PROVIDES FACILITIES TO PLAY GOLF AND MAINTAINS A CLUBHOUSE WITH DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,686,047

Investment Income $255,359

Other Revenue $4,506,697

TOTAL REVENUE $11,448,103

Expense Breakdown

Grants Paid $15,250

Salaries & Benefits $5,425,783

Fundraising Expenses $0

Other Expenses $4,854,489

TOTAL EXPENSES $10,295,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,448,103	$10,246,347	+0.1%
Expenses	$10,295,522	$9,448,068	+0.1%
Net Income	$1,152,581	$798,279	+0.4%

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

206

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

$482,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS ROGERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
PETER KENNY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
W PETER RAGAN JR	SECRETARY	3.00	Officer Director	$0	$0	$0
KEVIN BORMIDA	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN O'MALLEY	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
MARC C CAPONE	TRUSTEE	3.00	Director	$0	$0	$0
CLIFF CLARK	TRUSTEE	3.00	Director	$0	$0	$0
GARY CILIBERTO	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM EGAN	TRUSTEE	3.00	Director	$0	$0	$0
JOSEPH CONNELLAN	TRUSTEE	3.00	Director	$0	$0	$0
ELIZABETH CULLIGAN	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN DUGAN JR	TRUSTEE	3.00	Director	$0	$0	$0
OWEN QUINN	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT ANEN	GENERAL MANAGER	40.00	Key Emp	$270,970	$15,820	$286,790
THOMAS HAVELKA	GROUNDS SUPERINTENDENT	40.00	Key Emp	$180,300	$15,820	$196,120
JACQUELINE BARBER	DIRECTOR OF EVENTS	40.00	Highest	$155,264	$7,002	$162,266
BRENDAN ARENTH	EXECUTIVE CHEF	40.00	Highest	$162,425	$15,820	$178,245
MATTHEW MCKEON	GOLF PROFESSIONAL	40.00	Highest	$118,035	$0	$118,035
DANIEL INGENBRANDT	CONTROLLER	40.00	Highest	$155,525	$8,840	$164,365
CORY MELROY	DIRECTOR OF FOOD AND BEVERAGE	40.00	Highest	$114,214	$15,820	$130,034

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	$11,448,103	$10,295,522	$39,108,151	$1,152,581
2022	$10,246,347	$9,448,068	$38,087,416	$798,279
2021	$9,016,811	$7,913,540	$38,282,352	$1,103,271
2020	$8,837,858	$6,686,018	$28,522,919	$2,151,840
2019	$9,356,291	$7,228,586	$26,962,083	$2,127,705
2018	$8,095,464	$7,269,615	$25,230,497	$825,849

SPRING LAKE GOLF CLUB