WALLOON 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

1920

Legal Domicile

Principal Officer

HARRY DIXON

Phone

2315352566

Tax Period

2024-01-01 to 2024-12-31

WALLOON LAKE COUNTRY CLUB, founded in 1920, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. The organization ran a surplus of $753K, a strong 17% operating margin.

Mission

RECREATIONAL CLUB FOR GOLF AND RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

OPERATION OF GOLF COURSE FOR 376 TOTAL MEMBERS.

Program 2

OPERATION OF SUMMER YOUTH PROGRAM FOR MEMBER FAMILIES.

Program 3

OPERATION OF TENNIS COURTS AND CLUBHOUSE FOR SOCIAL FUNCTIONS OF MEMBERS.

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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 $1,839,140

Program Service Revenue $803,942

Investment Income $95,878

Other Revenue $1,653,119

TOTAL REVENUE $4,392,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,041,002

Fundraising Expenses $0

Other Expenses $1,598,546

TOTAL EXPENSES $3,639,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,392,079	$4,485,193	0.0%
Expenses	$3,639,548	$3,251,909	+0.1%
Net Income	$752,531	$1,233,284	-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

107

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

$149,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BOGO	SOCIAL/PROGRAMS	5.00	Director	$0	$0	$0
PAUL MACARTHUR	GOLF/GREENS	5.00	Director	$0	$0	$0
LAURIE MARRS	MEMBERSHIP/COMMUNICATION	5.00	Director	$0	$0	$0
LINDA JOHNSON	STRATEGIC PLANNING	5.00	Director	$0	$0	$0
GREG ADAMS	SECRETARY	5.00	Officer Director	$0	$0	$0
DANIEL VANVOORHIS	TREASURER	5.00	Officer Director	$0	$0	$0
JIM KELLY	PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY NORCROSS	HOUSE	5.00	Director	$0	$0	$0
TERRY GRAESSLE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
HARRY DIXON	GENERAL MANAGER	40.00	Officer	$145,000	$4,350	$149,350

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	No data	No data	No data	No data
2024	$4,392,079	$3,639,548	$10,591,266	$752,531
2023	$4,485,193	$3,251,909	$9,947,529	$1,233,284
2022	$3,592,835	$3,201,997	$8,370,174	$390,838
2021	$3,249,329	$2,628,496	$8,254,757	$620,833
2020	$2,764,667	$2,509,042	$7,197,019	$255,625
2019	$2,869,747	$2,623,539	$7,036,495	$246,208
2018	$3,207,265	$2,529,672	$6,821,340	$677,593