WAKONDA CLUB (EIN 420624971) - 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

1944

Legal Domicile

Principal Officer

RHEANNE KINNEY

Phone

5152854962

Tax Period

2024-01-01 to 2024-12-31

WAKONDA CLUB, founded in 1944, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Expenses of $7.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

A PRIVATE COUNTRY CLUB SERVING MEMBERS PRIMARILY FROM THE GREATER DES MOINES AREA.

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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 $7,000

Program Service Revenue $4,662,696

Investment Income $-12,211

Other Revenue $1,559,638

TOTAL REVENUE $6,217,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,447,030

Fundraising Expenses $0

Other Expenses $3,526,104

TOTAL EXPENSES $6,973,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,217,123	$6,250,335	0.0%
Expenses	$6,973,134	$4,992,734	+0.4%
Net Income	$-756,011	$1,257,601	-1.6%

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

249

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

$239,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RUAN IV	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER CROWNIE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELINDA RUPERTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DON COFFIN	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC LOHMEIER	TREASURER	1.00	Officer Director	$0	$0	$0
ANN MICHELSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNY FERRARI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GRIMM	DIRECTOR	1.00	Director	$0	$0	$0
MIKE O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BLUM	DIRECTOR	1.00	Director	$0	$0	$0
RHEANNE KINNEY	GENERAL MANAGER/COO	40.00	Officer	$216,718	$22,429	$239,147
DANE WILSON	GROUNDS SUPERINTENDENT	40.00	Highest	$187,856	$9,687	$197,543
AARON KRUEGER	DIRECTOR OF GOLF	40.00	Highest	$121,484	$13,763	$135,247
BUNNY BRUNING	TENNIS DIRECTOR	40.00	Highest	$102,915	$0	$102,915

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	$6,217,123	$6,973,134	$15,469,267	$-756,011
2023	$6,250,335	$4,992,734	$15,776,563	$1,257,601
2022	$6,606,072	$6,910,637	$7,776,236	$-304,565
2021	$6,317,346	$6,105,828	$7,236,069	$211,518
2020	$980,076	$857,240	$7,172,797	$122,836
2020	$5,857,449	$6,138,161	$7,353,722	$-280,712
2019	$7,076,797	$6,871,035	$7,337,827	$205,762
2018	$6,858,172	$6,856,871	$7,219,647	$1,301

WAKONDA CLUB