SPRING LAKE ASSOCIATION

🔒

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

1916

Legal Domicile

Principal Officer

BOB BESWICK

Phone

2172225250

Tax Period

2025-01-01 to 2025-12-31

SPRING LAKE ASSOCIATION, founded in 1916, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2025. Expenses of $2.3M left a modest 4% surplus.

Mission

TO PROVIDE GOLF AND OUTDOOR FELLOWSHIP TO ALL MEMBERS AND GUESTS

Program Service Accomplishments

Program 1

GOLF - SPRING LAKE COUNTRY CLUB HOSTED 12 GOLF OUTINGS FOR LOCAL BUSINESS AND ORGANIZATIONS IN 2025. IN ADDITION, THERE WERE 5,293 ROUNDS OF GOLF PLAYED BY MEMBERS AND THEIR GUESTS DURING 2025. THE...

Program 2

RESTAURANT - THE SPRING LAKE COUNTRY CLUB DINING FACILITY WAS OPEN YEAR ROUND TO MEMBERS AND THEIR GUESTS IN 2025 WITH THE EXCEPTION OF MONDAYS. THE CLUBROOM WAS OPEN 93 DAYS IN 2025. THE CLUBROOM IS GENERALLY OPEN (WEATHER PERMITTING) FROM MEMORIAL DAY THROUGH LABOR DAY. APPROXIMATELY 16831 PEOPLE WERE SERVED IN THE RESTAURANT AND 2,229 PEOPLE IN THE CLUBROOM DURING 2025. DURING THE YEAR THE CLUB HOSTED NUMEROUS PRIVATE PARTIES, BANQUETS, BUSINESS MEETINGS, SHOWERS, AND WEDDING RECEPTIONS.

Program 3

POOL - SPRING LAKE COUNTRY CLUB'S POOL/BEACH WAS OPEN APPROXIMATELY 62 DAYS FROM ABOUT MEMORIAL DAY TO LABOR DAY AND SERVED APPROXIMATELY 4375 PEOPLE

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $1,771,060

Investment Income $7,039

Other Revenue $556,346

TOTAL REVENUE $2,434,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,268,571

Fundraising Expenses $0

Other Expenses $1,057,133

TOTAL EXPENSES $2,325,704

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,434,445	$2,310,848	+0.1%
Expenses	$2,325,704	$2,268,677	+0.0%
Net Income	$108,741	$42,171	+1.6%

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

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
GARY BOOTS	DIRECTOR	N/A	Director	$0	$0	$0
MARK HAYES	DIRECTOR	N/A	Director	$0	$0	$0
STEVE PETERS	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW SMITH	VICE PRESIDE	N/A	Director	$0	$0	$0
ERIC STRATMAN	DIRECTOR	N/A	Director	$0	$0	$0
BOB BESWICK	TREASURER	N/A	Officer	$0	$0	$0
TODD FRYIE	PRESIDENT	N/A	Officer	$0	$0	$0
RANDY SHOVER	SECRETARY	N/A	Officer	$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
2025	$2,434,445	$2,325,704	$2,234,271	$108,741
2024	No data	No data	No data	No data
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2022	$2,005,233	$1,925,772	$1,925,621	$79,461
2021	$1,984,552	$1,713,205	$1,732,222	$271,347
2020	$1,396,088	$1,484,498	$1,558,867	$-88,410
2019	$1,580,620	$1,583,442	$1,679,555	$-2,822
2018	$1,657,164	$1,605,913	$1,529,579	$51,251