REHOBOTH BEACH COUNTRY CLUB (EIN 510042264) - 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

1925

Legal Domicile

Principal Officer

JOHN MCCOOEY

Phone

3022273811

Tax Period

2024-04-01 to 2025-03-31

REHOBOTH BEACH COUNTRY CLUB, founded in 1925, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $9.8M left a modest 13% surplus.

Mission

SOCIAL CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF THE CLUB 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 $0

Program Service Revenue $11,527,973

Investment Income $116,353

Other Revenue $-368,266

TOTAL REVENUE $11,276,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,716,777

Fundraising Expenses $0

Other Expenses $5,093,861

TOTAL EXPENSES $9,810,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,276,060	$9,830,399	+0.1%
Expenses	$9,810,638	$8,970,316	+0.1%
Net Income	$1,465,422	$860,083	+0.7%

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

274

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

$1,349,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON COVINGTON	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOHN CARUSO	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
ED BROWNE	SECRETARY	6.00	Officer Director	$0	$0	$0
JOHN MCCOOEY	TREASURER	6.00	Officer Director	$0	$0	$0
BUCK BOOTH	EXEC COMMITTEE AT LARGE	6.00	Officer Director	$0	$0	$0
ANDREW METZ	GOVERNOR	6.00	Director	$0	$0	$0
DAN COAR	GOVERNOR	6.00	Director	$0	$0	$0
DAN LUCKENBAUGH	GOVERNOR	6.00	Director	$0	$0	$0
JEFFREY GOSNEAR	GOVERNOR	6.00	Director	$0	$0	$0
JIMMY HORTY	GOVERNOR	6.00	Director	$0	$0	$0
PHILIP MORSE	GOVERNOR	6.00	Director	$0	$0	$0
KAREN SCHNEIDERMAN	GOVERNOR	6.00	Director	$0	$0	$0
MIKE MCGUINESS	GOVERNOR	6.00	Director	$0	$0	$0
CARPIU CHERECHES	GENERAL MANAGER/COO	40.00	Key Emp	$358,493	$19,362	$377,855
GERALD SCHRECK	DIRECTOR OF FOOD & BEVERAG	40.00	Key Emp	$189,637	$15,019	$204,656
SPASKA IVANOV	ASSISTANT GENERAL MANAGER	40.00	Key Emp	$184,985	$14,868	$199,853
PATRICK MASTRIAN	DIRECTOR OF GOLF	40.00	Key Emp	$175,006	$13,457	$188,463
TERRI GASKILL	RACQUETS DIRECTOR	40.00	Key Emp	$166,454	$12,682	$179,136
ALAN FITZGERALD	GROUNDS SUPERINTENDENT	40.00	Key Emp	$184,484	$15,420	$199,904
RACHEL RIDGEWAY	HR & PAYROLL DIRECTOR	40.00	Highest	$119,600	$14,602	$134,202
BETHANY ACKERMAN	MEMBERSHIP & COMMUNICATION	40.00	Highest	$112,520	$11,615	$124,135
GEORGE BUSHBY	GOLF PROFESSIONAL	40.00	Highest	$103,754	$10,393	$114,147
CAROLYN TORRES	EXECUTIVE CHEF	40.00	Highest	$114,076	$6,752	$120,828
NANCY DESCANO	FORMER DIRECTOR OF FINANCE	40.00		$118,396	$3,700	$122,096

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	$11,276,060	$9,810,638	$25,355,527	$1,465,422
2024	$9,830,399	$8,970,316	$24,339,126	$860,083
2023	$8,718,615	$7,854,397	$25,589,155	$864,218
2022	$8,893,301	$6,482,596	$25,110,420	$2,410,705
2021	$6,487,476	$5,369,578	$22,105,656	$1,117,898
2020	$5,419,569	$8,056,359	$15,638,474	$-2,636,790
2019	$4,629,473	$4,866,727	$13,603,823	$-237,254

REHOBOTH BEACH COUNTRY CLUB