CENTRAL PARK CLUB INC C/O EXTELL M… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

JOAQUIN STEARNS

Phone

5024993286

Tax Period

2023-07-01 to 2024-06-30

CENTRAL PARK CLUB INC C/O EXTELL MANAGEMENT, founded in 2020, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 5% surplus.

Mission

TO PROVIDE EXCLUSIVE DINING AND ENTERTAINMENT SERVICES TO THE RESIDENTS OF CENTRAL PARK TOWER.

Program Service Accomplishments

Program 1

TO PROVIDE EXCLUSIVE DINING AND ENTERTAINMENT SERVICES TO THE RESIDENTS OF CENTRAL PARK TOWER.

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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 $0

Program Service Revenue $3,827,079

Investment Income $5,122

Other Revenue $0

TOTAL REVENUE $3,832,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,137,500

Fundraising Expenses $0

Other Expenses $1,510,524

TOTAL EXPENSES $3,648,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,832,201	$1,720,393	+1.2%
Expenses	$3,648,024	$1,949,490	+0.9%
Net Income	$184,177	$-229,097	-1.8%

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
JOAQUIN STEARNS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TONY MANNARINO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAWN KIRK	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL BLASER	TREASURY	1.00	Officer Director	$0	$0	$0
LAN SHI	BOARD MEMBER	1.00	Director	$0	$0	$0
NDUVOAKIM ABDUSSALAAM	EXECUTIVE CHEF	40.00	Highest	$162,192	$30,364	$192,556
ANDREW BOOTH	GENERAL MANAGER	40.00	Highest	$114,898	$9,110	$124,008
LOUIS MCCULLAGH	CAPTAIN	40.00	Highest	$135,995	$575	$136,570
SCOTT HASSERT	EXECUTIVE SOUS CHEF	40.00	Highest	$105,066	$0	$105,066

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	$3,832,201	$3,648,024	$233,957	$184,177
2023	$1,720,393	$1,949,490	$205,450	$-229,097

CENTRAL PARK CLUB INC C/O EXTELL MANAGEMENT