CENTRE HILLS COUNTRY 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

1921

Legal Domicile

Principal Officer

DAVID WOODLE

Phone

8142380111

Tax Period

2024-04-01 to 2025-03-31

CENTRE HILLS COUNTRY CLUB, founded in 1921, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 6% surplus.

Mission

TO PROVIDE ENJOYABLE EXPERIENCES FOR MEMBERS THROUGH EXCEPTIONAL GOLF, DINING, RECREATION AND SOCIAL ACTIVITIES.

Program Service Accomplishments

Program 1

TO MAINTAIN THE GOLF COURSE AND GOLF-RELATED FACILITIES FOR THE BENEFIT OF THE MEMBERS.

Program 2

TO PROVIDE FOR FOOD AND BEVERAGE SERVICE FOR THE BENEFIT OF THE MEMBERS.

Program 3

TO MAINTAIN OTHER RECREATIONAL FACILITIES SUCH AS THE SWIMMING POOL, TENNIS COURTS, AND LOCKER ROOMS FOR THE BENEFIT OF THE MEMBERS.

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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 $3,403,248

Investment Income $36,920

Other Revenue $712,464

TOTAL REVENUE $4,152,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,883,950

Fundraising Expenses $0

Other Expenses $2,031,166

TOTAL EXPENSES $3,915,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,152,632	$4,303,047	0.0%
Expenses	$3,915,116	$3,784,440	+0.0%
Net Income	$237,516	$518,607	-0.5%

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

140

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

$204,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM P HAYES	PRESIDENT	20.00	Officer Director	$0	$0	$0
BILL ABRAMS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CRAIG J KANIECKI	SECRETARY	5.00	Officer Director	$0	$0	$0
KEITH R KARAKO	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM F OLDSEY	PRESIDENT (UNTIL NOV. '24)	5.00	Officer Director	$0	$0	$0
DONALD A FERRELL	DIRECTOR (UNTIL NOV. '24)	5.00	Director	$0	$0	$0
SCOTT E HANNA	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS M HANNA	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM P HAYES	DIRECTOR (UNTIL NOV. '24)	5.00	Director	$0	$0	$0
JOSEPH A GORDON	TREASURER (UNTIL NOV. '24)	5.00	Officer Director	$0	$0	$0
JOHN M HILTON	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES E KRANICH II	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM H MARTIN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER D MANG	GENERAL MANAGER (UNTIL AUG. '24)	50.00	Officer	$114,420	$17,493	$131,913
ERIC TOWNSON	INTERIM GENERAL MANAGER	40.00	Officer	$72,174	$0	$72,174
STEVEN T CRAIG	DIRECTOR OF GROUNDS	50.00	Highest	$122,000	$4,623	$126,623

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	$4,152,632	$3,915,116	$7,243,086	$237,516
2024	$4,303,047	$3,784,440	$6,725,671	$518,607
2023	$4,004,765	$4,017,246	$6,895,344	$-12,481
2022	$3,749,419	$4,020,058	$7,119,133	$-270,639
2021	$3,286,982	$3,394,789	$7,104,674	$-107,807
2020	$3,568,125	$3,664,236	$6,762,035	$-96,111
2019	$3,664,203	$3,513,560	$7,064,329	$150,643