FOREST HILLS 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

1934

Legal Domicile

Principal Officer

GARY WRIGHT

Phone

8158775733

Tax Period

2024-01-01 to 2024-12-31

FOREST HILLS COUNTRY CLUB, founded in 1934, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024.

Mission

FOREST HILLS COUNTRY CLUB IS A PRIVATE COUNTRY CLUB COMMITTED TO PROVIDING QUALITY FACILITIES, SERVICES AND PROGRAMS FOR GOLF, SWIMMING, TENNIS, DINING AND OTHER SOCIAL ACTIVITIES, TO MEET THE EXPECTATIONS OF ITS MEMBERS, THEIR FAMILIES AND GUESTS.

Program Service Accomplishments

Program 1

GOLF PROGRAM - INCLUDING ALL RELATED ACTIVITIES FOR MEMBERS

Program 2

MEMBERSHIP ACTIVITIES - INCLUDING TENNIS & SWIMMING

Program 3

MAINTENANCE OF CLUB HOUSE

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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 $1,520,008

Investment Income $0

Other Revenue $1,350,547

TOTAL REVENUE $2,870,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,486,880

Fundraising Expenses $0

Other Expenses $1,520,360

TOTAL EXPENSES $3,007,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,870,555	$2,778,725	+0.0%
Expenses	$3,007,240	$3,047,325	0.0%
Net Income	$-136,685	$-268,600	-0.5%

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

145

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE CLOSE	POOL/TENNIS	N/A	Director	$0	$0	$0
JOHN DEGUIDE	LONG RANGE P	N/A	Director	$0	$0	$0
SYDNEY HOLMGREN	SOCIAL	N/A	Director	$0	$0	$0
BRIAN LINDSAY	MEMBERSHIP	N/A	Director	$0	$0	$0
LUKE MEYER	HOUSE	N/A	Director	$0	$0	$0
DAVE REED	GREEN	N/A	Director	$0	$0	$0
JUSTIN SHUMAKER	GOLF	N/A	Director	$0	$0	$0
DON DIGIOVANNI	PAST PRESIDE	N/A	Officer	$0	$0	$0
RON RUDOLPH	VICE PRESIDE	N/A	Officer	$0	$0	$0
GARRET THRESHER	SECRETARY/TR	N/A	Officer	$0	$0	$0
GARY WRIGHT	PRESIDENT	N/A	Officer	$0	$0	$0

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	$2,870,555	$3,007,240	$2,548,845	$-136,685
2023	$2,778,725	$3,047,325	$2,412,856	$-268,600
2022	$2,749,672	$2,681,800	$2,381,598	$67,872
2021	$2,776,538	$2,494,734	$1,946,525	$281,804
2020	$2,104,665	$2,081,137	$1,547,238	$23,528
2019	$2,193,807	$2,457,617	$1,737,627	$-263,810
2018	$2,472,572	$2,492,338	$1,884,371	$-19,766