RUTH LAKE COUNTRY CLUB (EIN 361716480) - Form 990 Financial Analysis & Trantor Score

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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

1922

Legal Domicile

Principal Officer

BARRY SCHWARTZ

Phone

6309862060

Tax Period

2024-11-01 to 2025-03-31

RUTH LAKE COUNTRY CLUB, founded in 1922, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Net assets of $24.2M represent 81 months of operating reserves.

Mission

TO PROVIDE FOR THE MEMBERSHIP EXCELLENT SERVICES PROVIDED BY AN OUTSTANDING STAFF IN A QUALITY CLUBHOUSE, EXCELLENT MAINTAINED GOLF COURSE, TENNIS, AND SWIMMING FACILITIES.

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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 $3,058,531

Investment Income $32,508

Other Revenue $515,727

TOTAL REVENUE $3,606,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,257,615

Fundraising Expenses $0

Other Expenses $1,620,170

TOTAL EXPENSES $3,877,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,606,766	$17,106,233	-0.8%
Expenses	$3,877,785	$11,359,638	-0.7%
Net Income	$-271,019	$5,746,595	-1.0%

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

279

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

$494,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CATALANO	PRESIDENT	5.00	Officer Director	$0	$0	$0
BARRY SCHWARTZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS LARSON	SECRETARY	5.00	Officer Director	$0	$0	$0
KYLE STERN	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES BUSH-JOSEPH	DIRECTOR	5.00	Director	$0	$0	$0
JOHN DEAN END 1224	DIRECTOR	5.00	Director	$0	$0	$0
DEREK DELAMATER	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD DUNPHY	DIRECTOR	5.00	Director	$0	$0	$0
GRADY HAMILTON END 1224	DIRECTOR	5.00	Director	$0	$0	$0
RJ LANGE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN MCGOWAN	DIRECTOR	5.00	Director	$0	$0	$0
JC PHELAN	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT PJESKY	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT STRAUSSER	DIRECTOR	5.00	Director	$0	$0	$0
PHILLIP TEUSCHER END 1224	DIRECTOR	5.00	Director	$0	$0	$0
JIM WEIL	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN S KENNEBECK	GENERAL MANAGER	50.00	Officer	$301,728	$46,285	$348,013
PATRICK BAUDHUIN	CONTROLLER	50.00	Officer	$126,885	$19,852	$146,737
DANIEL MARCO	GROUNDS SUPERINTENDENT	50.00	Highest	$277,841	$52,367	$330,208
MARK LABIAK	GOLF PRO	50.00	Highest	$125,087	$26,824	$151,911
THOMAS BIRMINGHAM	EXECUTIVE CHEF	50.00	Highest	$203,802	$32,749	$236,551
MIKE FRANCO	PADDLE PRO	50.00	Highest	$178,296	$23,365	$201,661
COLLIN RONAYNE	ASSISTANT GM	50.00	Highest	$139,980	$11,845	$151,825

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	$3,606,766	$3,877,785	$28,008,688	$-271,019
2024	$17,106,233	$11,359,638	$27,918,779	$5,746,595
2023	$11,871,519	$10,630,251	$21,340,047	$1,241,268
2022	$10,375,215	$10,108,215	$21,879,765	$267,000
2021	$10,770,436	$8,038,587	$22,115,785	$2,731,849
2020	$8,987,537	$7,082,977	$19,926,808	$1,904,560
2019	$9,236,231	$7,697,042	$18,684,340	$1,539,189
2018	$7,526,663	$7,622,832	$18,176,338	$-96,169

RUTH LAKE COUNTRY CLUB