CRYSTAL LAKE 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

1922

Legal Domicile

Principal Officer

JEFF CARLSEN

Phone

8154591237

Tax Period

2023-01-01 to 2023-12-31

CRYSTAL LAKE COUNTRY CLUB, founded in 1922, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 7% surplus.

Mission

TO OPERATE AS A PRIVATE CLUB FOR THE SOCIAL, ATHLETIC, RECREATIONAL AND DINING PLEASURE OF ITS MEMBERS.

Program Service Accomplishments

Program 1

RESTAURANT AND CLUBHOUSE FACILITIES, GOLF PROGRAM, SWIMMING AND OTHER SPORTS 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 $4,017,227

Investment Income $24,395

Other Revenue $188,220

TOTAL REVENUE $4,229,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,849,674

Fundraising Expenses $0

Other Expenses $2,103,850

TOTAL EXPENSES $3,953,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,229,842	$3,840,480	+0.1%
Expenses	$3,953,524	$3,760,635	+0.1%
Net Income	$276,318	$79,845	+2.5%

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

175

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
STEVE VANACKER	GROUNDSKEEPER	40.00		$171,395	$7,905	$179,300
Mike Nedeau	General Manager	40.00		$144,282	$24,526	$168,808
Ryan Keortgen	Food & bev. Mgr	40.00		$116,236	$7,359	$123,595
Eric Feldbusch	Chef	40.00		$105,681	$0	$105,681
Marc Mohr	Secretary/Treas	2.00	Officer Director	$0	$0	$0
Sid Suwanski	Director	2.00	Director	$0	$0	$0
Tom Kiema	Director	2.00	Director	$0	$0	$0
AL NIETZEL	FINANCE DIRECTO	2.00	Director	$0	$0	$0
JEFF CARLSEN	President	2.00	Officer Director	$0	$0	$0
CHARLIE COLLINS	Director	2.00	Director	$0	$0	$0
MIKE MCLOONE	Vice President	2.00	Officer Director	$0	$0	$0
JAY LECOQUE	Director	2.00	Director	$0	$0	$0
GUY KERSHNER	Director	2.00	Director	$0	$0	$0
KERRI JOHNSON	Director	2.00	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	$4,229,842	$3,953,524	$7,564,151	$276,318
2022	$3,840,480	$3,760,635	$5,501,544	$79,845
2021	$3,682,566	$3,475,642	$3,962,450	$206,924
2020	$2,743,345	$2,950,670	$3,606,450	$-207,325
2018	$3,544,337	$3,800,115	$3,621,688	$-255,778