PINE LAKE COUNTRY CLUB

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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

1902

Legal Domicile

Principal Officer

TYLER YERBY

Phone

2486821300

Tax Period

2024-01-01 to 2024-12-31

PINE LAKE COUNTRY CLUB, founded in 1902, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 316% from the prior year, signaling strong growth momentum.

Mission

PINE LAKE COUNTRY CLUB IS A PRIVATE FAMILY-ORIENTED CLUB OFFERING ITS MEMBERS A FULL RANGE OF QUALITY RECREATIONAL AND SOCIAL ACTIVITIES, DEDICATED TO CONSISTENTLY OFFERING THE BEST VALUE AND SERVICE TO ITS MEMBERS.

Program Service Accomplishments

Program 1

TO PROVIDE GOLF, FOOD AND BEVERAGE SERVICES AND OTHER ACTIVITIES FOR THE GENERAL MEMBERSHIP

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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 $8,436,782

Investment Income $-1,312,711

Other Revenue $527,422

TOTAL REVENUE $7,651,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,730,845

Fundraising Expenses $0

Other Expenses $4,564,806

TOTAL EXPENSES $8,295,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,651,493	$1,839,978	+3.2%
Expenses	$8,295,651	$2,219,585	+2.7%
Net Income	$-644,158	$-379,607	+0.7%

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

256

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
TED OPIE	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL G KALIL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPH CREAL	TREASURER	10.00	Officer Director	$0	$0	$0
ELLEN N CHASE	SECRETARY	10.00	Officer Director	$0	$0	$0
DANIEL SHARKEY	BOARD DIRECTOR	10.00	Director	$0	$0	$0
P DANIEL CHRIST	BOARD DIRECTOR	10.00	Director	$0	$0	$0
JAMES RIVARD	BOARD DIRECTOR	10.00	Director	$0	$0	$0
RON REDDY	BOARD DIRECTOR	10.00	Director	$0	$0	$0
ROBERT REMENAR	PAST PRESIDENT	10.00	Director	$0	$0	$0
MICHAEL BAGERIS	GM/COO	40.00	Highest	$189,614	$16,009	$205,623
TERRY POLEY	GOLF COURSE SUPERINTENDENT	40.00	Highest	$198,800	$8,917	$207,717
PJOTRS NECAJEVS	TENNIS DIRECTOR	40.00	Highest	$419,177	$18,506	$437,683
JOHN KELLY	ASSISTANT GENERAL MANAGER	40.00	Highest	$152,065	$18,317	$170,382
T PATRICK SROCK	EXECUTIVE CHEF	40.00	Highest	$152,932	$21,144	$174,076

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	$7,651,493	$8,295,651	$30,075,826	$-644,158
2023	$8,277,626	$6,517,406	$25,195,958	$1,760,220
2023	$1,839,978	$2,219,585	$30,436,977	$-379,607
2022	$7,299,324	$6,584,641	$15,632,227	$714,683
2021	$8,607,249	$5,579,646	$14,917,111	$3,027,603
2020	$5,654,048	$5,322,355	$11,805,095	$331,693
2019	$6,246,467	$6,310,995	$11,121,362	$-64,528
2018	$5,732,932	$5,870,381	$11,318,185	$-137,449