BELLERIVE 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

1910

Legal Domicile

Principal Officer

CARLOS ARRAYA

Phone

3144344400

Tax Period

2023-10-01 to 2024-09-30

BELLERIVE COUNTRY CLUB, founded in 1910, is a mid-sized nonprofit that reported $25.5M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.0M, a strong 31% operating margin.

Mission

BELLERIVE IS A SOCIAL CLUB THAT OPERATES GOLF, SWIMMING, RACQUETS, BOCCE AND CLUBHOUSE FACILITIES EXCLUSIVELY FOR ITS MEMBERS AND GUESTS.

Program Service Accomplishments

Program 1

PROVIDING GOLF COURSE, RACQUET COURTS, POOL, CLUBHOUSE, AND DININGFOR THE CLUB'S MEMBERS, THEIR DEPENDENTS AND GUESTS IN FURTHERANCEOF THE CLUB'S EXEMPT PURPOSE.

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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 $20,819,869

Investment Income $686,265

Other Revenue $4,009,269

TOTAL REVENUE $25,515,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,186,402

Fundraising Expenses $0

Other Expenses $8,310,496

TOTAL EXPENSES $17,496,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,515,403	$16,554,062	+0.5%
Expenses	$17,496,898	$16,137,678	+0.1%
Net Income	$8,018,505	$416,384	+18.3%

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

364

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

$774,302

Total Directors

Key Employees

$890,541

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN N TRAVERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG R CAMPBELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES M HAVEL	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES G BRENNAN	TREASURER	1.00	Officer Director	$0	$0	$0
KRIS ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DERICK C ALBERS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL B BRUNS	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA GAINES BUNDY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN M GEIS	DIRECTOR	1.00	Director	$0	$0	$0
TED P MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H SHORT	DIRECTOR	1.00	Director	$0	$0	$0
GALE A WICKHAM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MURPHY WITTENBRINK	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS ARRAYA	GENERAL MANAGER	40.00	Officer	$484,790	$40,450	$525,240
BARB SCOTT	CFO	40.00	Officer	$222,801	$26,261	$249,062
DAVID BECK	DIRECTOR OF RACQUET SPORTS	40.00	Key Emp	$222,963	$17,769	$240,732
NICK WHITE	GOLF COURSE SUPERINTENDENT	40.00	Key Emp	$229,818	$10,339	$240,157
MICHAEL TUCKER	DIRECTOR OF GOLF	40.00	Key Emp	$205,467	$17,876	$223,343
STEPHANIE FAGYAL	CLUBHOUSE MANAGER	40.00	Key Emp	$172,105	$14,204	$186,309

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	$25,515,403	$17,496,898	$33,488,420	$8,018,505
2023	$16,554,062	$16,137,678	$35,204,472	$416,384
2022	$17,690,550	$14,222,390	$34,159,222	$3,468,160
2021	$15,442,843	$13,226,043	$30,118,733	$2,216,800
2020	$10,816,582	$11,606,254	$28,559,128	$-789,672
2019	$13,165,176	$11,073,338	$18,159,234	$2,091,838
2018	$14,705,066	$12,585,580	$18,175,723	$2,119,486