INVERNESS CLUB (EIN 344269760) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

FREDERICK L DEICHERT III

Phone

4195789000

Tax Period

2023-01-01 to 2023-12-31

INVERNESS CLUB, founded in 1903, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Expenses of $11.0M left a modest 6% surplus.

Mission

TO ESTABLISH AND MAINTAIN A PERMANENT GOLF COURSE, TENNIS, SWIMMING POOL, AND APPROPRIATE BUILDINGS FOR THE GENERAL USE AND ENTERTAINMENT OF THE MEMBERS OF THE CLUB AND THEIR GUESTS AND TO OBTAIN AND HOST MAJOR GOLF TOURNAMENTS AND CHAMPIONSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,945,823

Investment Income $0

Other Revenue $2,820,387

TOTAL REVENUE $11,766,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,098,571

Fundraising Expenses $0

Other Expenses $4,910,538

TOTAL EXPENSES $11,009,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,766,210	$11,573,093	+0.0%
Expenses	$11,009,109	$10,370,875	+0.1%
Net Income	$757,101	$1,202,218	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

296

Volunteers

N/A

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

Total Directors

Key Employees

$759,682

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WELTY	GOVERNOR	3.00	Director	$0	$0	$0
FREDRICK L DEICHERT III	PRESIDENT	5.00	Officer Director	$0	$0	$0
AUSTIN IRVING	SECRETARY	5.00	Officer Director	$0	$0	$0
RON DONNAL	GOVERNOR	3.00	Director	$0	$0	$0
LORI JOHNSTON	GOVERNOR	3.00	Director	$0	$0	$0
MIKE MCCULLOUGH	GOVERNOR	3.00	Director	$0	$0	$0
JUSTIN BLACK	TREASURER	3.00	Officer Director	$0	$0	$0
EDMAN LEE IV	GOVENOR	3.00	Director	$0	$0	$0
MAX VALENTINE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN F ZIMMERS	GOLF COURSE SUPERINTENDENT	50.00	Key Emp	$354,000	$24,912	$378,912
JOHN J WEAVER	DIRECTOR OF GOLF	50.00	Key Emp	$159,301	$0	$159,301
MATHEW SPENGENBERG	GENERAL MANAGER	50.00	Key Emp	$215,000	$6,469	$221,469
ANDREW J SIKULA	HEAD GOLF PROFESSIONAL	50.00	Highest	$144,270	$1,642	$145,912
RICK E SPITLER	BUILDING SUPERINTENDENT	50.00	Highest	$129,810	$16,644	$146,454

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	No data	No data	No data	No data
2023	$11,766,210	$11,009,109	$16,969,331	$757,101
2022	$11,573,093	$10,370,875	$18,088,891	$1,202,218
2021	$11,263,827	$7,977,458	$17,460,298	$3,286,369
2020	$8,206,150	$6,652,556	$15,362,241	$1,553,594
2019	$7,678,129	$6,826,306	$15,551,780	$851,823
2018	$5,902,938	$6,131,508	$15,889,603	$-228,570

INVERNESS CLUB