LAKE SHORE 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

1908

Legal Domicile

Principal Officer

STEPHAN RITCHIE

Phone

8478353000

Tax Period

2024-04-01 to 2025-03-31

LAKE SHORE COUNTRY CLUB, founded in 1908, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 17% operating margin.

Mission

A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS.

Program Service Accomplishments

Program 1

PRIVATE SOCIAL CLUB PROVIDING GOLF, TENNIS, SWIMMING, AND DINING FACILITIES FOR THE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,053,035

Investment Income $50,071

Other Revenue $2,024,549

TOTAL REVENUE $15,127,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,136,463

Fundraising Expenses $0

Other Expenses $5,397,639

TOTAL EXPENSES $12,534,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,127,655	$11,605,011	+0.3%
Expenses	$12,534,102	$11,670,306	+0.1%
Net Income	$2,593,553	$-65,295	-40.7%

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

Governance

Voting Members

Independent Members

Employees

165

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

$605,504

Total Directors

Key Employees

$647,674

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN RITCHIE	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE PUTZEL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DOUGLAS IMBER	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK BURNSTINE	TREASURER	5.00	Officer Director	$0	$0	$0
JAMES ESSER	DIRECTOR	5.00	Director	$0	$0	$0
AMY FARBMAN	DIRECTOR	5.00	Director	$0	$0	$0
KENNETH FIXLER	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT GREENEBAUM	DIRECTOR	5.00	Director	$0	$0	$0
ETHAN HOLLAND	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL KAUFFMAN	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL KLEIN END 424	DIRECTOR	5.00	Director	$0	$0	$0
LARRY KUGLER	DIRECTOR	5.00	Director	$0	$0	$0
LOUIS PASTER	DIRECTOR	5.00	Director	$0	$0	$0
GINA PROPP-SCHMARAK	DIRECTOR	5.00	Director	$0	$0	$0
MOLLIE KARGER RATTNER END 424	DIRECTOR	5.00	Director	$0	$0	$0
DAVID RICHTER	DIRECTOR	5.00	Director	$0	$0	$0
DAVID STORCH END 424	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN TUMEN	DIRECTOR	5.00	Director	$0	$0	$0
MARILYN VENDER	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN MEISE	CFO	50.00	Officer	$240,508	$6,870	$247,378
BRIAN SILVER	GENERAL MANAGER	50.00	Officer	$348,294	$9,832	$358,126
MATTHEW SOUTHARD	EXECUTIVE CHEF	50.00	Key Emp	$287,999	$20,186	$308,185
JEFF FRENTZ	GROUNDS SUPERINTENDENT	50.00	Key Emp	$316,157	$23,332	$339,489
BRYAN FOX	RACQUET PROFESSIONAL	50.00	Highest	$187,082	$4,513	$191,595
ZACK FIDLER	GOLF PROFESSIONAL	50.00	Highest	$828,875	$5,212	$834,087
ANGEL LOYOLA	CLUBHOUSE MANAGER	50.00	Highest	$121,778	$5,051	$126,829
JODI BUTLER	MARKETING DIRECTOR	50.00	Highest	$101,897	$4,299	$106,196

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	$15,127,655	$12,534,102	$24,327,846	$2,593,553
2024	$11,605,011	$11,670,306	$22,257,722	$-65,295
2023	$10,657,476	$11,354,485	$22,787,577	$-697,009
2022	$9,263,473	$9,677,763	$23,861,178	$-414,290
2021	$7,787,689	$6,433,919	$24,351,659	$1,353,770
2020	$10,410,267	$7,417,705	$21,522,231	$2,992,562
2019	$8,306,172	$7,854,887	$17,345,323	$451,285
2018	$7,878,563	$8,351,861	$14,363,082	$-473,298