KNOLLWOOD 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

1924

Legal Domicile

Principal Officer

James Hayes

Phone

8472341600

Tax Period

2023-01-01 to 2023-12-31

KNOLLWOOD CLUB, founded in 1924, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2023. The organization ran a surplus of $2.1M, a strong 22% operating margin.

Mission

AN ORGANIZATION FORMED TO PROVIDE PROGRAMS AND FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

PROVIDE RESTAURANT AND CLUBHOUSE, GOLF, SWIMMING AND TENNIS FACILITIES AND PROGRAMS 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 $10,031,846

Investment Income $-561,844

Other Revenue $217,991

TOTAL REVENUE $9,687,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,712,189

Fundraising Expenses $0

Other Expenses $3,880,460

TOTAL EXPENSES $7,592,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,687,993	$9,118,352	+0.1%
Expenses	$7,592,649	$7,006,386	+0.1%
Net Income	$2,095,344	$2,111,966	0.0%

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

262

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
Randy Harper	General Manager	40.00		$315,418	$76,970	$392,388
Wade Gurysh	Golf Professional	40.00		$246,411	$38,994	$285,405
Drew Barnett	Grounds superintendent	40.00		$208,248	$19,379	$227,627
Daniel Vogel	Exec. Chef	40.00		$154,994	$34,492	$189,486
Sarah Winston	Controller	40.00		$145,673	$31,988	$177,661
Ted Ahern	Director	1.00	Director	$0	$0	$0
James Asmussen	Director	1.00	Director	$0	$0	$0
Jason Chalmers	Vice President	2.00	Officer Director	$0	$0	$0
Scott Carter	Secretary	2.00	Officer Director	$0	$0	$0
Bill Galvin	Director	1.00	Director	$0	$0	$0
Jake Peters	Director	1.00	Director	$0	$0	$0
John Dempsey	Director	1.00	Director	$0	$0	$0
Doug Marquis	Director	1.00	Director	$0	$0	$0
Thomas Fitzgerald	Treasurer	2.00	Officer Director	$0	$0	$0
Reggie Riley	Director	1.00	Director	$0	$0	$0
Christopher Baker	Director	1.00	Director	$0	$0	$0
Donald Schoenheider	Director	1.00	Director	$0	$0	$0
James Hayes	President	2.00	Officer Director	$0	$0	$0
Jason Smith	Vice President	2.00	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	$9,687,993	$7,592,649	$26,598,586	$2,095,344
2022	$9,118,352	$7,006,386	$24,740,341	$2,111,966
2021	$7,973,562	$6,810,480	$22,392,377	$1,163,082
2020	$7,443,291	$6,215,903	$21,469,967	$1,227,388
2019	$7,297,390	$6,479,271	$20,183,622	$818,119
2018	$6,016,309	$5,576,009	$19,604,725	$440,300