CLUB NOVA COMMUNITY INC

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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

2004

Legal Domicile

Principal Officer

THOMAS BOND

Phone

9199686682

Tax Period

2022-07-01 to 2023-06-30

CLUB NOVA COMMUNITY INC, founded in 2004, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2022. The organization ran a surplus of $327K, a strong 30% operating margin.

Mission

CLUB NOVA COMMUNITY, INC PROVIDES OPPORTUNITIES FOR INDIVIDUALS LIVING WITH SERIOUS MENTAL ILLNESS TO LEAD MEANINGFUL LIVES OF THEIR CHOICE IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $611,045 Revenue: $252,442

CLUB NOVA, ACCREDITED BY CLUBHOUSE INTERNATIONAL, PROVIDED THE FULL RANGE OF CLUBHOUSE MODEL SUPPORTS AND OPPORTUNITIES TO OVER 97 INDIVIDUALS LIVING WITH SERIOUS MENTAL ILLNESS. THESE SUPPORTS AND OPPORTUNITIES INCLUDED MEANINGFUL RELATIONSHIPS, MEANINGFUL WORK, EMPLOYMENT AT LOCAL BUSINESSES, SUPPORTED EDUCATION, EVENING/WEEKEND PROGRAMS AND ASSISTANCE WITH COMMUNITY SUPPORT (HOUSING, BENEFITS, QUALITY MEDICAL CARE, AND CRISIS PREVENTION AND RESPONSE).

Program 2

CLUB NOVA IS WRAPPING UP A $4.5 M CAPITAL CAMPAIGN FOR CLUBHOUSE EXPANSION. THE EXPANSION INCLUDES: 1) CONSTRUCTION OF AN APPROXIMATELY 9,100 SQ. FT. FACILITY COMPLETED BY APRIL 2023; 2) EXPANSION OF CAPACITY AND PROGRAMMING TO MEET THE UNMET AND EMERGING NEEDS OF PEOPLE WITH SERIOUS MENTAL ILLNESS, EDUCATIONAL INSTITUTIONS, AND THE BROADER COMMUNITY; AND 3) OPPORTUNITY FOR SYSTEMATIC IMPACT THROUGH STATE-WIDE REPLICATION OF THIS EVIDENCE-BASED MODEL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $839,428

Program Service Revenue $252,442

Investment Income $5,989

Other Revenue $4,105

TOTAL REVENUE $1,101,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,911

Fundraising Expenses $65,056

Program Expenses $611,045

Other Expenses $281,794

TOTAL EXPENSES $774,705

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,101,964	$1,146,733	0.0%
Expenses	$774,705	$600,984	+0.3%
Net Income	$327,259	$545,749	-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

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

$103,352

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KINCAID DUNN	EXECUTIVE DIRECTOR	40.00	Officer	$85,414	$17,938	$103,352
MATTHEW COX	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLENE LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE PAULSEN	BOARD MEMBER	6.00	Director	$0	$0	$0
ERRIN STAUNTON	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN DAVIS	PRESIDENT/SECRETARY	15.00	Officer Director	$0	$0	$0
MARGARET MILLER GROWE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUE ESTROFF	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY D GADDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM BOND	TREASURER	3.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,101,964	$774,705	$4,521,146	$327,259
2023	$1,100,930	$785,226	$4,453,384	$315,704
2022	$1,146,733	$600,984	$4,185,304	$545,749
2021	$2,242,945	$771,801	$3,823,879	$1,471,144
2020	$1,091,020	$902,405	$2,361,528	$188,615
2019	$1,926,954	$950,123	$2,047,012	$976,831