DETROIT 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

1916

Legal Domicile

Principal Officer

THOMAS DOLBY

Phone

2188475790

Tax Period

2024-01-01 to 2024-12-31

DETROIT COUNTRY CLUB, founded in 1916, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $377K, a strong 19% operating margin.

Mission

OPERATE AND MAINTAIN PUBLIC GOLF COURSE IN THE DETROIT LAKES AREA; PROVIDE RECREATION FOR ALL AGES

Program Service Accomplishments

Program 1

Expenses: $1,386,464

THE ORGANIZATION OPERATES & MAINTAINS A PUBLIC GOLF COURSE FOR THE CITY OF DETROIT LAKES ON PROPERTY OWNED BY THE CITY OF DETROIT LAKES. THE OPERATIONS PROVIDED RECREATIONAL OPPORTUNITY TO...

THE ORGANIZATION OPERATES & MAINTAINS A PUBLIC GOLF COURSE FOR THE CITY OF DETROIT LAKES ON PROPERTY OWNED BY THE CITY OF DETROIT LAKES. THE OPERATIONS PROVIDED RECREATIONAL OPPORTUNITY TO APPROXIMATLEY 80,000 AREA RESIDENTS AND TOURISTS VISTING THE DETROIT LAKES AREA. ORGANIZATION ALSO PROVIDES FOOD AND REFRESHMENTS FOR MEMBERS OF DETROIT COUNTRY CLUB

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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 $40,507

Program Service Revenue $1,671,759

Investment Income $19,187

Other Revenue $233,085

TOTAL REVENUE $1,964,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,386,464

Other Expenses $1,588,015

TOTAL EXPENSES $1,588,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,964,538	$1,842,257	+0.1%
Expenses	$1,588,015	$1,375,030	+0.2%
Net Income	$376,523	$467,227	-0.2%

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

N/A

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
RHONDA FODE	SECRETARY	1.00	Director	$0	$0	$0
KELCEY KLEMM	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE MEYER	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI OSTLIE	DIRECTOR	0.50	Director	$0	$0	$0
JAY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE SCHILLER	DIRECTOR	1.00	Director	$0	$0	$0
VERN SCHNATHORST	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BLOMSETH	PRESIDENT	1.00	Officer	$0	$0	$0
JOHN FLYNN	TREASURER	1.00	Officer	$0	$0	$0

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	$1,964,538	$1,588,015	$3,468,085	$376,523
2023	$1,842,257	$1,375,030	$2,999,750	$467,227
2022	$1,729,302	$1,744,771	$2,495,680	$-15,469
2021	$1,763,955	$1,429,697	$2,607,069	$334,258
2020	$1,698,067	$1,235,294	$2,212,051	$462,773
2019	$1,230,009	$1,309,272	$1,774,805	$-79,263
2018	$1,400,622	$1,412,073	$1,858,813	$-11,451