GLEN OAK 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

1911

Legal Domicile

Principal Officer

Brian E Watterson

Phone

6304695600

Tax Period

2023-01-01 to 2023-12-31

GLEN OAK COUNTRY CLUB, founded in 1911, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Net assets of $16.7M represent 25 months of operating reserves.

Mission

OPERATION OF AN EIGHTEEN HOLE GOLF COURSE, RESTAURANT AND OTHER RECREATIONAL FACILITIES FOR THE ENJOYMENT AND SOCIAL BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

GOLF PROGRAM AND OTHER MINOR SPORTS WHICH SERVE ALL MEMBERS AND PROVIDES GOLF COURSE AND FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.

Program 2

RESTAURANT AND CLUBHOUSE FACILITIES PROVIDED FOR THE SOCIAL AND RECREATIONAL BENEFIT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,469,666

Investment Income $58,979

Other Revenue $579,348

TOTAL REVENUE $8,107,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,266,363

Fundraising Expenses $0

Other Expenses $3,701,297

TOTAL EXPENSES $7,967,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,107,993	$8,155,960	0.0%
Expenses	$7,967,660	$6,576,066	+0.2%
Net Income	$140,333	$1,579,894	-0.9%

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

263

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM CARDAMONE	GENERAL MANAGER	40.00		$270,926	$34,356	$305,282
ANDREW DAUKSAS	GROUNDS SUPER	40.00		$222,412	$32,463	$254,875
DAN MULHEARN	GOLF DIRECTOR	40.00		$150,110	$31,451	$181,561
TREY SCOTT	RAQUET PRO	40.00		$144,694	$13,561	$158,255
TYLER KAMHOLZ	BARTENDER	40.00		$119,206	$28,925	$148,131
Oliana Karlis	Controller	40.00		$116,231	$21,662	$137,893
JESUS URQUIZA	CHEF	40.00		$123,107	$9,125	$132,232
David Menzel	Director	1.00	Director	$0	$0	$0
David Hoster	Director	1.00	Director	$0	$0	$0
JEFFREY S BARRETT	Director	1.00	Director	$0	$0	$0
Gary Matula	Director	1.00	Director	$0	$0	$0
Michael Harrington	Director	1.00	Director	$0	$0	$0
Lawrence M Borek	Secretary	3.00	Officer Director	$0	$0	$0
Paul Murphy	Director	1.00	Director	$0	$0	$0
MARK D CHRISTENSEN	Director	1.00	Director	$0	$0	$0
Timothy Hohulin	Vice President	3.00	Officer Director	$0	$0	$0
Michael Cullen	Director	1.00	Director	$0	$0	$0
Richard P Dabrowski	Treasurer	3.00	Officer Director	$0	$0	$0
Brian E Watterson	President	3.00	Officer Director	$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	No data	No data	No data	No data
2023	$8,107,993	$7,967,660	$21,091,954	$140,333
2022	$8,155,960	$6,576,066	$20,214,602	$1,579,894
2021	$9,064,646	$5,907,452	$20,896,829	$3,157,194
2020	$7,272,169	$5,782,363	$17,276,335	$1,489,806
2019	$7,228,352	$6,052,231	$15,877,822	$1,176,121
2018	$8,644,022	$7,811,399	$15,063,459	$832,623