CHAGRIN VALLEY 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

1925

Legal Domicile

Principal Officer

JEFF CRISCIONE

Phone

4402484318

Tax Period

2023-11-01 to 2024-10-31

CHAGRIN VALLEY COUNTRY CLUB, founded in 1925, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO CONTINUE THE CHAGRIN VALLEY COUNTRY CLUB HERITAGE AS A WELCOMING AND FRIENDLY FACILITY THAT UPHOLDS THE FINEST TRADITIONS OF GOLFING, SWIMMING, TENNIS, DINING AND THE COMPLETE COUNTRY CLUB EXPERIENCE FOR THE BENEFIT AND ENJOYMENT OF OUR MEMBERS, FAMILY AND GUESTS.

Program Service Accomplishments

Program 1

GOLF COURSE USED BY MEMBERS AND GUESTS. IN ADDITION, THE CLUB PROVIDES MEMBERS AND GUESTS FOOD AND BEVERAGE OPERATIONS, SWIMMING, TENNIS AND PADDLE BALL.

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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 $4,589,080

Investment Income $117,846

Other Revenue $-71,952

TOTAL REVENUE $4,634,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,814,304

Fundraising Expenses $0

Other Expenses $4,429,339

TOTAL EXPENSES $6,243,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,634,974	$6,058,890	-0.2%
Expenses	$6,243,643	$4,551,965	+0.4%
Net Income	$-1,608,669	$1,506,925	-2.1%

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

183

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

$345,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY SHOWMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT ARNOLD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CORY FISCHER	TREASURER	1.00	Officer Director	$0	$0	$0
MAGGIE KWASNY	SECRETARY	1.00	Officer Director	$0	$0	$0
RAY STRUMBLY	TRUSTEE	1.00	Director	$0	$0	$0
MARK MARONG	TRUSTEE	1.00	Director	$0	$0	$0
FAISAL QUERESHY	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS SWIT	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY WELSH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HEISTERKAMP	GENERAL MANAGER	40.00	Officer	$215,202	$22,850	$238,052
JEFF CRISCIONE	DIRECTOR OF FINANCE	40.00	Officer	$100,000	$7,691	$107,691
LAURENCE COFFMAN	CHEF	40.00	Highest	$123,308	$1,396	$124,704
SCOTT BAZAN	SUPERINDENT	40.00	Highest	$106,208	$14,771	$120,979

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	$4,634,974	$6,243,643	$4,045,304	$-1,608,669
2023	$6,058,890	$4,551,965	$4,467,463	$1,506,925
2022	$4,037,569	$3,908,003	$2,869,282	$129,566
2021	$4,844,912	$3,834,008	$3,043,812	$1,010,904
2020	$4,234,782	$3,771,610	$2,174,064	$463,172
2019	$5,189,587	$4,691,399	$1,913,977	$498,188
2018	$4,725,433	$4,170,753	$1,825,928	$554,680