Minnehaha 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

1902

Legal Domicile

Principal Officer

Troy Johnson

Phone

6053361085

Tax Period

2024-03-01 to 2025-02-28

Minnehaha Country Club, founded in 1902, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $8.4M left a modest 4% surplus.

Mission

We are a private country club, existing for the benefit of our members, their families, and guests, for whon we provide the highest quality golf course, dining, and recreational facilities.

Program Service Accomplishments

Program 1

Provide golf, grounds, pool, and tennis facilities to 435 members.

Program 2

Provide food and beverage service to 713 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 $2,326

Program Service Revenue $7,086,392

Investment Income $95,813

Other Revenue $1,511,247

TOTAL REVENUE $8,695,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,030,293

Fundraising Expenses $0

Other Expenses $3,346,257

TOTAL EXPENSES $8,376,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,695,778	$10,084,892	-0.1%
Expenses	$8,376,550	$7,659,970	+0.1%
Net Income	$319,228	$2,424,922	-0.9%

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

284

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

$397,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon KirbyImmediate	Past President (thru 10.31.2024)	5.00	Officer Director	$0	$0	$0
Emily ThomasImm Past Pres	(as of 11.1.24)/Pres (thru 10.31.24)	5.00	Officer Director	$0	$0	$0
John HeislerPres as of 11	.1.24)/Pres Elect (thru 10.31.24)	5.00	Officer Director	$0	$0	$0
Kari Shanard-KoendersP Elect	(as of 11.1)/Sec/Treas (thru 10.31)	5.00	Officer Director	$0	$0	$0
Gavin PlesecSecTreas as of	11.1.2024)/Director (thru 10.31.24)	5.00	Director	$0	$0	$0
Travis Kasten	Director	5.00	Director	$0	$0	$0
Bret Coad	COO	40.00	Officer	$237,253	$32,959	$270,212
Troy Johnson	Controller	40.00	Officer	$113,486	$13,668	$127,154
Justin Freudenburg	PGA Golf Professional	40.00	Highest	$147,860	$9,384	$157,244
David Swift	Grounds Superintendent	40.00	Highest	$183,667	$21,373	$205,040
Ryan Pederson	Executive Chef	40.00	Highest	$109,365	$16,115	$125,480
Jamie Heffron	Food and Beverage Director	40.00	Highest	$138,226	$12,387	$150,613

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	$8,695,778	$8,376,550	$16,424,501	$319,228
2024	$10,084,892	$7,659,970	$17,051,797	$2,424,922
2023	$8,063,725	$7,124,728	$15,275,046	$938,997
2022	$7,335,530	$6,511,374	$14,982,683	$824,156
2021	$6,557,725	$6,377,666	$14,886,441	$180,059
2020	$6,417,281	$6,313,602	$14,898,712	$103,679
2019	$6,256,048	$5,860,764	$16,116,076	$395,284
2018	$7,372,055	$5,269,974	$9,773,455	$2,102,081