MICHIGAN SHORES 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

1943

Legal Domicile

Principal Officer

SUZANNE ESCHEL

Phone

8472514100

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN SHORES CLUB, founded in 1943, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1

PRIVATE SOCIAL CLUB PROVIDING BOWLING, PLATFORM TENNIS, SWIMMING, FITNESS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,821,389

Investment Income $68,545

Other Revenue $2,403,679

TOTAL REVENUE $9,293,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,691,251

Fundraising Expenses $0

Other Expenses $2,859,707

TOTAL EXPENSES $9,550,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,293,613	$8,142,764	+0.1%
Expenses	$9,550,958	$8,122,080	+0.2%
Net Income	$-257,345	$20,684	-13.4%

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

212

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

$478,031

Total Directors

Key Employees

$224,850

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE M ESCHEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICOLE F KEENAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLES E GLEW	TREASURER	5.00	Officer Director	$0	$0	$0
EILEEN A NOREN	SECRETARY	5.00	Officer Director	$0	$0	$0
CATHY ALBRECHT	DIRECTOR	5.00	Director	$0	$0	$0
DONALD J HOLMBERG	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD J HUNGLER END 523	DIRECTOR	5.00	Director	$0	$0	$0
DAVID H MELSHEIMER	DIRECTOR	5.00	Director	$0	$0	$0
LAURA K MOSTOFI	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW J REVORD	DIRECTOR	5.00	Director	$0	$0	$0
BENJAMIN RODMAN	DIRECTOR	5.00	Director	$0	$0	$0
NICHOLAS E WALLACE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN V HALLBERG	GENERAL MANAGER	40.00	Officer	$224,784	$32,312	$257,096
MARIANNE BRADY	CONTROLLER	40.00	Officer	$178,982	$41,953	$220,935
EDWARD W STRZELECKI	EXECUTIVE CHEF	40.00	Key Emp	$192,491	$32,359	$224,850
TRANQUILINO CORTES	DIRECTOR OF MAINTENANCE	40.00	Highest	$123,082	$22,856	$145,938
FRANCISCO CORTES	ASSISTANT DIRECTOR OF MAIN	40.00	Highest	$116,066	$28,619	$144,685
CHRISTOPHER M WARNER	DIRECTOR OF PADDLE TENNIS	40.00	Highest	$243,401	$30,494	$273,895
CAROLINE PANDOLFINO	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$120,817	$19,779	$140,596
STEVEN SINGER	SOUS CHEF	40.00	Highest	$101,731	$30,159	$131,890

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	$9,293,613	$9,550,958	$13,721,384	$-257,345
2022	$8,142,764	$8,122,080	$14,010,604	$20,684
2021	$7,122,960	$5,970,420	$13,863,048	$1,152,540
2020	$5,733,945	$5,400,709	$12,360,425	$333,236
2019	$7,506,023	$6,938,192	$12,230,374	$567,831
2018	$7,164,663	$6,862,731	$12,193,387	$301,932