THE BEVERLY COUNTRY CLUB

EIN: 360804150

CHICAGO, IL

Total Revenue
$11,360,995
Total Expenses
$7,270,899
Total Assets
$13,590,573
Net Assets
$12,392,123
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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
1908
Legal Domicile
IL
Principal Officer
MIKE HIGGINS
Phone
7086368700
Tax Period
2024-03-01 to 2025-02-28

THE BEVERLY COUNTRY CLUB, founded in 1908, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 36% operating margin.

Mission

A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,160,196
Investment Income $-462,741
Other Revenue $663,540
TOTAL REVENUE $11,360,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,180,915
Fundraising Expenses $0
Other Expenses $3,089,984
TOTAL EXPENSES $7,270,899

Year-over-Year Comparison

2024 2023 Change
Revenue $11,360,995 $7,036,225 +0.6%
Expenses $7,270,899 $7,136,763 +0.0%
Net Income $4,090,096 $-100,538 -41.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
105
Volunteers
9

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
6
$389,692
Total Directors
10
$0
Key Employees
1
$251,635
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL A HIGGINS PRESIDENT 5.00
Officer Director
$0 $0 $0
JEREMY W SCHLEE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DON CUNNINGHAM TREASURER 5.00
Officer Director
$0 $0 $0
TOM DUTTON SECRETARY 5.00
Officer Director
$0 $0 $0
FRANCIS GESUALDO GOVERNOR 5.00
Director
$0 $0 $0
RYAN GRIFFIN GOVERNOR 5.00
Director
$0 $0 $0
THOMAS J HOLLEB END 1124 GOVERNOR 5.00
Director
$0 $0 $0
DAVID MAZZELLA GOVERNOR 5.00
Director
$0 $0 $0
TIM NOLAN GOVERNOR 5.00
Director
$0 $0 $0
NORM OLSEN GOVERNOR 5.00
Director
$0 $0 $0
KEVIN KLUG CONTROLLER 50.00
Officer
$135,185 $22,543 $157,728
DAVID MANCINI GENERAL MANAGER 60.00
Officer
$207,482 $24,482 $231,964
JOHN VARNER GOLF PROFESSIONAL 60.00
Key Emp
$240,578 $11,057 $251,635
MARK HAYES EXECUTIVE CHEF 50.00
Highest
$131,231 $71 $131,302
DEREK LOVE GROUNDS SUPERINTENDENT 60.00
Highest
$197,747 $25,683 $223,430
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 $11,360,995 $7,270,899 $13,590,573 $4,090,096
2024 $7,036,225 $7,136,763 $10,099,287 $-100,538
2023 $6,855,907 $6,654,835 $9,541,429 $201,072
2022 $6,473,400 $5,796,199 $9,192,891 $677,201
2021 $6,889,187 $5,120,152 $9,661,160 $1,769,035
2020 $5,945,402 $5,345,894 $8,462,744 $599,508
2019 $6,582,235 $5,737,785 $8,620,484 $844,450
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