THE OLD CLUB (EIN 380892300) - 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

1906

Legal Domicile

Principal Officer

ALAN WHITMAN

Phone

8107489931

Tax Period

2023-10-01 to 2024-09-30

THE OLD CLUB, founded in 1906, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $533K, a strong 21% operating margin.

Mission

TO PROVIDE A PRIVATE ISLAND SANCTUARY WITH A SUPERIOR STAFF TO A SELECT GROUP OF INDIVIDUALS WHO SEEK A NATURAL SETTING FOR RECREATION, FRIENDSHIP AND FAMILY GROWTH IN A CENTURY OLD TRADITION OF EXCELLENT SERVICE AND RUSTIC CHARM

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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 $468,058

Program Service Revenue $892,922

Investment Income $8,854

Other Revenue $1,203,391

TOTAL REVENUE $2,573,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,683

Fundraising Expenses $0

Other Expenses $1,259,863

TOTAL EXPENSES $2,040,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,573,225	$2,936,477	-0.1%
Expenses	$2,040,546	$2,004,538	+0.0%
Net Income	$532,679	$931,939	-0.4%

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

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
JAMIE PANGBORN	COMMODORE	10.00	Officer Director	$0	$0	$0
SEAN SOUTHERS	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
ALAN WHITMAN	TREASURER	10.00	Officer Director	$0	$0	$0
NATALIE HINDMAN	SECRETARY	10.00	Officer Director	$0	$0	$0
MICHAEL BADALAMENTE	FLEET CAPTAIN	10.00	Officer Director	$0	$0	$0
BRIAN LITCH	DIRECTOR	10.00	Director	$0	$0	$0
KEN DETLOFF	DIRECTOR	10.00	Director	$0	$0	$0
TODD CHARTIER	DIRECTOR	10.00	Director	$0	$0	$0
MARTY LEWICKI	DIRECTOR	10.00	Director	$0	$0	$0
ILENE BISCHER	DIRECTOR	10.00	Director	$0	$0	$0
WENDY ANGLIN	GENERAL MANAGER	40.00	Highest	$224,520	$8,558	$233,078

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	$2,573,225	$2,040,546	$7,944,840	$532,679
2023	$2,936,477	$2,004,538	$7,441,622	$931,939
2022	$3,008,789	$1,824,788	$6,377,076	$1,184,001
2021	$1,795,224	$1,399,364	$4,977,443	$395,860
2020	$1,551,048	$1,493,614	$4,649,681	$57,434
2019	$1,943,679	$1,849,063	$3,955,162	$94,616
2018	$2,009,410	$1,832,123	$3,551,217	$177,287

THE OLD CLUB