LITTLE HARBOR CLUB (EIN 380767315) - 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

1930

Legal Domicile

Principal Officer

WILLIAM SOUDER

Phone

2315262135

Tax Period

2024-01-01 to 2024-12-31

LITTLE HARBOR CLUB, founded in 1930, is a community nonprofit in the Recreation & Sports sector that reported $4.4M in total revenue in fiscal year 2024. Net assets of $15.6M represent 42 months of operating reserves.

Mission

LITTLE HARBOR CLUB (THE "CLUB") IS A TRADITIONAL, PRIVATE, GENERATIONAL, FAMILY-ORIENTED CLUB DEDICATED TO PROVIDING ITS MEMBERS QUALITY IN A RESPONSIBLE MANNER. THE CLUB IS LOCATED ON THE HARBOR IN HARBOR SPRINGS, MICHIGAN AND IS OPERATED DURING THE SUMMER MONTHS PROVIDING DINING AND RECREATIONAL FACILITIES FOR ITS MEMBERS, MOST OF WHOM ARE SUMMER RESIDENTS OF THE AREA.

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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 $4,364,879

Investment Income $64,668

Other Revenue $0

TOTAL REVENUE $4,429,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,936,372

Fundraising Expenses $0

Program Expenses $4,833,487

Other Expenses $2,897,115

TOTAL EXPENSES $4,833,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,429,547	$4,282,621	+0.0%
Expenses	$4,833,487	$4,229,764	+0.1%
Net Income	$-403,940	$52,857	-8.6%

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

103

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

$311,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SOUDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL FISHER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAIGE MEUSE	SECRETARY	1.00	Officer Director	$0	$0	$0
GRANT JAMES	TREASURER	1.00	Officer Director	$0	$0	$0
LINDSEY BUHL	GOVERNOR	1.00	Director	$0	$0	$0
ANDREW DEWITT	GOVERNOR	1.00	Director	$0	$0	$0
JENNIFER KASTEN	GOVERNOR	1.00	Director	$0	$0	$0
ALEX TAYLOR	GOVERNOR	1.00	Director	$0	$0	$0
JULIA MAY	GOVERNOR	1.00	Director	$0	$0	$0
JED AVERY	GENERAL MANA	45.00	Officer	$311,612	$0	$311,612

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	$4,429,547	$4,833,487	$15,671,662	$-403,940
2023	$4,282,621	$4,229,764	$11,512,148	$52,857
2022	$3,971,983	$4,028,815	$9,217,435	$-56,832
2021	$3,969,191	$3,751,407	$8,091,243	$217,784
2020	$3,047,059	$3,166,447	$6,863,461	$-119,388
2019	$3,434,872	$3,524,548	$6,102,862	$-89,676
2018	$3,046,303	$3,162,906	$5,610,493	$-116,603

LITTLE HARBOR CLUB