OLD ELM 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

1913

Legal Domicile

Principal Officer

THOMAS P FITZGERALD

Phone

8474326270

Tax Period

2023-01-01 to 2023-12-31

OLD ELM CLUB, founded in 1913, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023.

Mission

OLD ELM CLUB IS ORGANIZED TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS THROUGH THE OPERATION OF AN EIGHTEEN HOLE CHAMPIONSHIP GOLF COURSE AND ITS RESTAURANT FACILITIES.

Program Service Accomplishments

Program 1

GOLF PROGRAM WHICH SERVES ALL RESIDENT AND DISTINGUISHED MEMBERS. THE GOLF PROGRAM PROVIDES GOLF AND FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF MEMBERS.

Program 2

RESTAURANT AND CLUBHOUSE FACILITIES PROVIDED FOR THE SOCIAL BENEFIT OF MEMBERS AVAILABLE TO ALL RESIDENT AND DISTINGUISHED 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 $5,453,751

Investment Income $36,548

Other Revenue $267,983

TOTAL REVENUE $5,758,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,174,005

Fundraising Expenses $0

Other Expenses $2,903,989

TOTAL EXPENSES $6,077,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,758,282	$5,701,342	+0.0%
Expenses	$6,077,994	$6,040,075	+0.0%
Net Income	$-319,712	$-338,733	-0.1%

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

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

$290,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY M WALTERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAMUEL K SKINNER	SERETARY	2.00	Officer Director	$0	$0	$0
MICHAEL S CANMANN	TREASURER	2.00	Officer Director	$0	$0	$0
BRAYTON B ALLEY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM T BICKFORD	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER BIGELOW III	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS P FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
WILLARD G FRAUMANN END 123	DIRECTOR	1.00	Director	$0	$0	$0
WARD R HAMM	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN POTTER END 123	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN R QUAZZO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY W YINGLING	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS JAMES	SUPERINTENDENT	40.00	Officer	$278,613	$11,423	$290,036
JIM V FERNANDEZ	CONTROLLER	40.00	Highest	$157,966	$7,372	$165,338
BRET LEON	HEAD GOLF PRO	40.00	Highest	$157,448	$6,583	$164,031
RICHARD GARCIA	EXECUTIVE CHEF	40.00	Highest	$128,426	$6,050	$134,476
JASON MOSS	HEAD GOLF PRO	40.00	Highest	$170,238	$7,793	$178,031

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	$5,758,282	$6,077,994	$5,494,155	$-319,712
2022	$5,701,342	$6,040,075	$5,867,718	$-338,733
2021	$4,601,829	$5,593,008	$6,113,518	$-991,179
2020	$4,757,225	$4,491,587	$6,267,243	$265,638
2019	$4,635,060	$4,734,074	$5,861,332	$-99,014
2018	$4,815,654	$4,452,375	$6,124,841	$363,279