THORNGATE COUNTRY CLUB (EIN 362196316) - 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

1951

Legal Domicile

Principal Officer

MATT DUDLEY

Phone

8479491300

Tax Period

2023-10-01 to 2024-09-30

THORNGATE COUNTRY CLUB, founded in 1951, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2017.

Mission

A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS 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 $7,005,772

Investment Income $57,470

Other Revenue $17,881

TOTAL REVENUE $7,081,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,467,904

Fundraising Expenses $0

Other Expenses $3,623,831

TOTAL EXPENSES $7,091,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,081,123	$7,289,862	0.0%
Expenses	$7,091,735	$7,096,965	0.0%
Net Income	$-10,612	$192,897	-1.1%

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

236

Volunteers

N/A

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
Michael Krabbe	General manager	40.00		$255,249	$37,839	$293,088
THOMAS PRICHARD	SUPERINTENDENT	40.00		$198,377	$41,133	$239,510
JAMES BILLITER	DIRECTOR OF GOLF	40.00		$159,164	$12,810	$171,974
Dave Abel	Director	1.00	Director	$0	$0	$0
Kevin Wysocki	Director	1.00	Director	$0	$0	$0
DAVE SCUDDER	Past President	1.00	Director	$0	$0	$0
CASEY CECNOVAR	Director	1.00	Director	$0	$0	$0
DAVE PASSAGLIA	President	1.00	Director	$0	$0	$0
BRIAN DEGUSTINO	Director	1.00	Director	$0	$0	$0
MATT DUDLEY	Vice President	2.00	Officer Director	$0	$0	$0
KANE CALAMARI	Secretary	2.00	Officer Director	$0	$0	$0
DAVE CAUBLE	Director	1.00	Director	$0	$0	$0
DANIEL PASTORE	Director	1.00	Director	$0	$0	$0
JEFF STOMBERG	Director	1.00	Director	$0	$0	$0
TOM REED	Treasurer	2.00	Officer Director	$0	$0	$0
PAUL CHUMA	Director	2.00	Officer Director	$0	$0	$0
BILL KRUMM	Director	1.00	Director	$0	$0	$0
MARC KAFKA	Director	1.00	Director	$0	$0	$0
FRANK INCARDONA	Director	1.00	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	$7,081,123	$7,091,735	$20,079,556	$-10,612
2023	$7,289,862	$7,096,965	$20,068,968	$192,897
2022	$7,054,386	$6,882,426	$19,413,056	$171,960
2021	$6,364,800	$5,592,281	$19,991,697	$772,519
2020	$5,593,266	$5,292,151	$19,069,415	$301,115
2019	$5,257,897	$5,863,692	$17,798,814	$-605,795
2018	$7,172,668	$7,071,120	$18,834,223	$101,548

THORNGATE COUNTRY CLUB