EDINA COUNTRY CLUB (EIN 410644329) - 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

1923

Legal Domicile

Principal Officer

FRED CARPENTER III

Phone

9529277151

Tax Period

2024-04-01 to 2025-03-31

EDINA COUNTRY CLUB, founded in 1923, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Expenses of $12.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE ATHLETIC, RECREATIONAL, AND SOCIAL FACILITIES FOR ITS 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 $0

Program Service Revenue $7,080,722

Investment Income $9,176

Other Revenue $2,639,565

TOTAL REVENUE $9,729,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,161,637

Fundraising Expenses $0

Other Expenses $5,556,156

TOTAL EXPENSES $12,717,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,729,463	$9,688,787	+0.0%
Expenses	$12,717,793	$11,533,430	+0.1%
Net Income	$-2,988,330	$-1,844,643	+0.6%

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

400

Volunteers

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

$301,513

Total Directors

Key Employees

$398,733

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD MANGIS	TREASURER	3.00	Officer Director	$0	$0	$0
JEN AUGUSTSON	SECRETARY	3.00	Officer Director	$0	$0	$0
MIKE WOOD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANNELYS FARRELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFF WESSELS	DIRECTOR	1.00	Director	$0	$0	$0
NOELLE VARECKA	DIRECTOR	1.00	Director	$0	$0	$0
TODD SOLOW	DIRECTOR	1.00	Director	$0	$0	$0
PAT OLK	DIRECTOR	1.00	Director	$0	$0	$0
MATT LOUCKS	DIRECTOR	1.00	Director	$0	$0	$0
SUKY BRINKMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRED CARPENTER III	GENERAL MANAGER	50.00	Officer	$267,037	$34,476	$301,513
MARTY LASS	DIRECTOR OF GOLF	50.00	Key Emp	$196,408	$16,238	$212,646
ANTHONY MIESKE	GROUNDS SUPERINTENDENT	50.00	Key Emp	$177,513	$8,574	$186,087
OLIVER SUMMERS	DIRECTOR OF RAQUET SPORTS	50.00	Highest	$131,044	$15,449	$146,493
BRANDON SCHINDELE	GROUNDS SUPERINTENDENT	50.00	Highest	$148,353	$5,366	$153,719

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	$9,729,463	$12,717,793	$19,342,473	$-2,988,330
2024	$9,688,787	$11,533,430	$20,642,920	$-1,844,643
2023	$9,225,353	$10,598,476	$20,735,398	$-1,373,123
2022	$7,831,351	$8,460,930	$21,372,241	$-629,579
2021	$7,085,381	$7,044,027	$17,407,331	$41,354
2020	$8,618,802	$8,491,122	$16,202,270	$127,680
2019	$8,398,056	$8,278,912	$16,719,101	$119,144
2018	$8,142,557	$7,958,735	$17,058,971	$183,822

EDINA COUNTRY CLUB