LAKES GOLF & COUNTRY CLUB INC (EIN 311266644) - 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

1989

Legal Domicile

Principal Officer

JAMES P SPRAGG

Phone

6148822582

Tax Period

2023-11-01 to 2024-10-31

LAKES GOLF & COUNTRY CLUB INC, founded in 1989, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE GOLF, RACQUET SPORTS, SWIMMING, FITNESS FACILITIES, AND A CLUBHOUSE TO ITS MEMBERSFOR THEIR ENJOYMENT AND TO ENCOURAGE FAMILY AND SOCIAL INTERACTION AMONG ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $5,993,700

Program Service Revenue $2,305,169

Investment Income $83,034

Other Revenue $1,974,020

TOTAL REVENUE $10,355,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,359,950

Fundraising Expenses $0

Other Expenses $4,847,800

TOTAL EXPENSES $10,207,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,355,923	$9,846,313	+0.1%
Expenses	$10,207,750	$9,110,345	+0.1%
Net Income	$148,173	$735,968	-0.8%

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

328

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

$322,193

Total Directors

$1,859

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOD J ORTLIP	TRUSTEE	5.00	Director	$1,859	$0	$1,859
LEIGH ALLEN	TRUSTEE	5.00	Director	$0	$0	$0
BETSY ORTLIP	TRUSTEE	5.00	Director	$0	$0	$0
JAMES P SPRAGG	CHIEF OPERATIONS OFFICER	50.00	Officer	$303,563	$18,630	$322,193
EDWARD KLINE	HEAD GOLF PROFESSIONAL	40.00	Highest	$128,177	$27,691	$155,868
CHRISTOPHER HAUNTY	GREENS SUPERINTENDENT	50.00	Highest	$165,785	$31,425	$197,210
DAVID CLARK	FINANCIAL MANAGER	40.00	Highest	$127,510	$5,100	$132,610
ALISON TRIMBLE	ASST GEN MGR/FOOD & BEV DIRECTOR	40.00	Highest	$116,332	$9,527	$125,859
CINDY HALE	CONTROLLER	40.00	Highest	$103,986	$8,277	$112,263

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	$10,355,923	$10,207,750	$14,309,954	$148,173
2023	$9,846,313	$9,110,345	$13,929,966	$735,968
2022	$9,286,559	$8,456,338	$13,674,878	$830,221
2021	$8,422,667	$7,340,260	$12,400,696	$1,082,407
2020	$7,221,062	$6,326,785	$11,239,144	$894,277
2019	$7,656,570	$7,228,996	$10,373,126	$427,574
2018	$7,366,313	$7,131,582	$10,098,809	$234,731

LAKES GOLF & COUNTRY CLUB INC