Norfolk Country Club (EIN 470253002) - 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

1908

Legal Domicile

Principal Officer

John Lund

Phone

4023713230

Tax Period

2024-01-01 to 2024-12-31

Norfolk Country Club, founded in 1908, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 41% operating deficit.

Mission

Provide social & recreational programs

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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 $1,326,898

Program Service Revenue $17,114

Investment Income $348

Other Revenue $48,928

TOTAL REVENUE $1,393,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $766,078

Fundraising Expenses $0

Program Expenses $1,011,207

Other Expenses $1,203,497

TOTAL EXPENSES $1,969,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,393,288	$1,706,243	-0.2%
Expenses	$1,969,575	$1,787,003	+0.1%
Net Income	$-576,287	$-80,760	+6.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Pospisil	Treasurer/Secretary	1.00	Officer Director	$0	$0	$0
John Lund	President	1.00	Officer Director	$0	$0	$0
Keri Noel	Director	1.00	Director	$0	$0	$0
Jake Claussen	Director	1.00	Director	$0	$0	$0
Zach Gangwer	Director	1.00	Director	$0	$0	$0
Jim Olson	Director	1.00	Director	$0	$0	$0
Troy Schwanebeck	Vice President	1.00	Officer Director	$0	$0	$0
Chandra Ponniah	Director	1.00	Director	$0	$0	$0
Kelly Jueden	Director	1.00	Director	$0	$0	$0
Riley Chohon	Director	1.00	Director	$0	$0	$0

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	$1,393,288	$1,969,575	$4,725,432	$-576,287
2023	$1,706,243	$1,787,003	$5,080,338	$-80,760
2022	$1,343,931	$1,543,786	$5,026,941	$-199,855
2021	$1,715,235	$1,283,242	$5,208,402	$431,993
2020	$1,444,025	$1,055,122	$3,988,495	$388,903
2019	$1,197,000	$1,016,842	$3,152,435	$180,158
2018	$755,485	$842,508	$1,642,612	$-87,023

Norfolk Country Club