MERIDIAN HILLS COUNTRY CLUB INC (EIN 350508710) - 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

1923

Legal Domicile

Principal Officer

GREGG BRASE

Phone

3172513636

Tax Period

2024-10-01 to 2025-09-30

MERIDIAN HILLS COUNTRY CLUB INC, founded in 1923, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO PROVIDE SOCIAL AND RECREATIONAL BENEFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,653,562

Investment Income $20,043

Other Revenue $2,375,159

TOTAL REVENUE $12,048,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,049,076

Fundraising Expenses $0

Other Expenses $5,131,631

TOTAL EXPENSES $12,180,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,048,764	$14,041,283	-0.1%
Expenses	$12,180,707	$8,900,337	+0.4%
Net Income	$-131,943	$5,140,946	-1.0%

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

228

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

$544,961

Total Directors

Key Employees

$225,501

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG BRASE	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRI BENDES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHASE WILLIAMS	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN ACKERMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD RATEIKE	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS CASEY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WOLFF	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SEMLER	DIRECTOR	2.00	Director	$0	$0	$0
JILL GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
CHAD SCHULTENOVER	GENERAL MANAGER/COO	40.00	Officer	$346,410	$24,881	$371,291
JUAN VEGAS	CONTROLLER	40.00	Officer	$166,405	$7,265	$173,670
JARED WEIGHT	SUPERINTENDENT	40.00	Key Emp	$209,769	$15,732	$225,501
LUDOVIC AARON	TENNIS PRO	40.00	Highest	$203,443	$12,419	$215,862
TODD FIRESTONE	GOLF PRO	40.00	Highest	$200,109	$17,579	$217,688
CLINT MILLER	CLUBHOUSE MANAGER	40.00	Highest	$143,754	$14,446	$158,200
BLAKE ELLIS	EXECUTIVE CHEF	40.00	Highest	$117,580	$16,700	$134,280
KELLY LETZLER	MEMBERSHIP DIRECTOR	40.00	Highest	$108,061	$4,114	$112,175

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	$12,048,764	$12,180,707	$24,532,466	$-131,943
2024	$14,041,283	$8,900,337	$27,138,357	$5,140,946
2023	$9,216,351	$7,962,270	$25,274,541	$1,254,081
2022	$8,480,026	$6,550,941	$19,234,314	$1,929,085
2021	$6,938,985	$5,728,893	$10,272,184	$1,210,092
2020	$6,280,175	$5,785,737	$10,042,178	$494,438

MERIDIAN HILLS COUNTRY CLUB INC