INVERNESS GOLF CLUB

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

SCOTT BEUTLER

Phone

8473582340

Tax Period

2024-01-01 to 2024-12-31

INVERNESS GOLF CLUB, founded in 1955, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024.

Mission

THE CLUB IS ORGANIZED FOR SOCIAL, RECREATION, AND OTHER NONPROFITABLE PURPOSES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 501(C)(7).

Program Service Accomplishments

Program 1

OPERATION OF GOLF COURSE, RESTAURANT, SWIMMING POOL, AND TENNIS COURTS FOR THE RECREATION OF CLUB MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,852,991

Investment Income $492,108

Other Revenue $1,716,228

TOTAL REVENUE $9,061,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,665,017

Fundraising Expenses $0

Other Expenses $3,628,765

TOTAL EXPENSES $9,293,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,061,327	$8,412,712	+0.1%
Expenses	$9,293,782	$8,056,586	+0.2%
Net Income	$-232,455	$356,126	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

227

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

$220,441

Total Directors

Key Employees

$181,436

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BEUTLER	PRESIDENT	3.00	Officer Director	$0	$0	$0
RICHARD SYKES END 1124	PRESIDENT	3.00	Officer Director	$0	$0	$0
DANE PINTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GREG BAUR	SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM VAINISI END 1124	SECRETARY	3.00	Officer Director	$0	$0	$0
KELLY DOUGLASS	TREASURER	3.00	Officer Director	$0	$0	$0
DAN BANAKIS	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE DILLES END 1124	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS GATTUSO	DIRECTOR	3.00	Director	$0	$0	$0
LINO GRECO	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN GRIFFIN	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN HAJDUKOVIC	DIRECTOR	3.00	Director	$0	$0	$0
LORI LASHAWAY	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT MARTORANO	DIRECTOR	3.00	Director	$0	$0	$0
NISHAD PARMAR	DIRECTOR	3.00	Director	$0	$0	$0
JAMES RIEBANDT	DIRECTOR	3.00	Director	$0	$0	$0
MARK SHACKLETTE END 1124	DIRECTOR	3.00	Director	$0	$0	$0
MARIA SPAHIC	DIRECTOR	3.00	Director	$0	$0	$0
MATT WINTER	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES MERRIMAN	GENERAL MANAGER	40.00	Officer	$177,677	$457	$178,134
CHARLES SMITH	GENERAL MANAGER	40.00	Officer	$42,307	$0	$42,307
BRIAN MORES	GOLF COURSE SUPERINTENDENT	40.00	Key Emp	$180,120	$1,316	$181,436
JONAS MERCKX	RACQUET PRO	40.00	Highest	$132,031	$1,311	$133,342
CATHY HAENER	CONTROLLER	40.00	Highest	$114,548	$2,476	$117,024
JOSH PIUS	GOLF PRO	40.00	Highest	$112,720	$9,612	$122,332
KEITH SCHULTZ	F & B MANAGER	40.00	Highest	$110,130	$4,705	$114,835

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	$9,061,327	$9,293,782	$17,840,397	$-232,455
2023	$8,412,712	$8,056,586	$18,650,412	$356,126
2022	$7,033,686	$6,730,818	$18,974,558	$302,868
2021	$7,050,741	$5,875,886	$12,223,645	$1,174,855
2020	$6,531,796	$4,961,108	$11,042,460	$1,570,688
2019	$5,466,603	$5,492,436	$9,449,920	$-25,833