THE CARRIAGE CLUB INC (EIN 440604022) - 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

1955

Legal Domicile

Principal Officer

CLUB OFFICER

Phone

8163631310

Tax Period

2023-01-01 to 2023-12-31

THE CARRIAGE CLUB INC, founded in 1955, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 15% operating margin.

Mission

PROVIDE SOCIAL ACTIVITIES 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 (2023)

Revenue Breakdown

Contributions & Grants $6,238,198

Program Service Revenue $1,778,847

Investment Income $69,379

Other Revenue $2,725,885

TOTAL REVENUE $10,812,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,610,024

Fundraising Expenses $0

Other Expenses $4,567,246

TOTAL EXPENSES $9,177,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,812,309	$8,729,854	+0.2%
Expenses	$9,177,270	$8,011,484	+0.1%
Net Income	$1,635,039	$718,370	+1.3%

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

242

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

Total Directors

Key Employees

$545,436

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK BECKER	BOARD MEMBER / PRESIDENT	1.00	Officer Director	$0	$0	$0
ILLINOIS BLASDEL	BOARD MEMBER / 1ST VICE PR	1.00	Officer Director	$0	$0	$0
SAHRENE BUCKWALTER	2ND VICE PRESIDENT / SECRETARY	1.00	Officer Director	$0	$0	$0
RAJ BHALA	BOARD MEMBER/ TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH BEERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN BEGNAUD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN BERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN DICKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY FREEMAN-PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY HART	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE HOULEHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DORENE SHIPLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBY WENDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NORTH	GENERAL MANAGER	40.00	Key Emp	$199,898	$8,699	$208,597
SCOTT SCHIBIG	TENNIS DIRECTOR	40.00	Key Emp	$167,093	$8,951	$176,044
GREGG BEST	FITNESS DIRECTOR	40.00	Key Emp	$154,261	$6,534	$160,795
JAMES MCCAUSLAND	EXECUTIVE CHEF	1.00	Highest	$130,458	$0	$130,458
JACOB ALBRACHT	FITNESS DIRECTOR	25.00	Highest	$128,492	$1,907	$130,399
COURTLAND GERHART	ASSISTANT GENERAL MANAGER	40.00	Highest	$127,039	$0	$127,039

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	No data	No data	No data	No data
2023	$10,812,309	$9,177,270	$16,424,376	$1,635,039
2022	$8,729,854	$8,011,484	$15,569,577	$718,370
2021	$8,846,900	$6,891,933	$14,877,332	$1,954,967
2020	$6,455,168	$5,904,516	$12,907,877	$550,652
2019	$7,021,818	$7,052,588	$12,718,485	$-30,770
2018	$6,865,872	$6,342,126	$12,352,457	$523,746

THE CARRIAGE CLUB INC