LAKEWOOD COUNTRY CLUB COMPANY

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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

BEN COOKE

Phone

4408710400

Tax Period

2024-01-01 to 2024-12-31

LAKEWOOD COUNTRY CLUB COMPANY, founded in 1921, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 36% operating margin.

Mission

LAKEWOOD COUNTRY CLUB WILL EXCEED MEMBER AND GUEST EXPECTATIONS BY PROVIDING EXCEPTIONAL SOCIAL AND RECREATIONAL EXPERIENCES THROUGH THE FINEST STAFF, SERVICES, AMENITIES, FACILITIES, AND ACTIVITIES.

Program Service Accomplishments

Program 1

RESTAURANT AND BAR - EXPENSES INCURRED IN PROVIDING FOOD AND BEVERAGES TO MEMBERS IN A SOCIAL CLUB SETTING.

Program 2

TENNIS & SWIMMING - COSTS INCURRED TO OFFER THE FACILITIES TO MEMBERS.

Program 3

GOLF - EXPENSES INCURRED IN THE MAINTENANCE AND IMPROVEMENT OF THE CLUB'S GOLF FACILITIES.

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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 $8,674,671

Program Service Revenue $2,922,451

Investment Income $381,980

Other Revenue $528,716

TOTAL REVENUE $12,507,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,563,123

Fundraising Expenses $0

Other Expenses $4,496,767

TOTAL EXPENSES $8,059,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,507,818	$7,706,896	+0.6%
Expenses	$8,059,890	$7,236,072	+0.1%
Net Income	$4,447,928	$470,824	+8.4%

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

223

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

$751,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN COOKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM MORRIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM CAMPBELL	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN KELLY	TREASURER	1.00	Officer Director	$0	$0	$0
JOE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROMANELLO	DIRECTOR	1.00	Director	$0	$0	$0
JAKE CROCKER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD HADAWAY	DIRECTOR	1.00	Director	$0	$0	$0
TIM RYAN	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE MORGAN	CONTROLLER	40.00	Officer	$116,862	$9,246	$126,108
GEOFF SOWL	CHEF	40.00	Officer	$125,558	$9,246	$134,804
TIMOTHY PERIN	DIRECTOR OF GOLF	40.00	Officer	$160,302	$8,082	$168,384
AARON ARCHAMBAULT	SUPERINTENDENT	40.00	Officer	$145,013	$6,834	$151,847
ALFREDO HILDEBRANDT	GENERAL MANAGER	40.00	Officer	$154,784	$15,409	$170,193

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	$12,507,818	$8,059,890	$17,278,430	$4,447,928
2023	$7,706,896	$7,236,072	$15,699,596	$470,824
2022	$8,469,081	$7,515,187	$13,467,098	$953,894
2021	$7,948,852	$7,001,194	$13,232,237	$947,658
2020	$7,008,245	$6,422,178	$12,319,650	$586,067
2018	$6,033,190	$6,597,576	$12,459,701	$-564,386