WILMINGTON COUNTRY CLUB (EIN 510054440) - 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

1901

Legal Domicile

Principal Officer

PHILIP IANNELLI

Phone

3026556171

Tax Period

2024-01-01 to 2024-12-31

WILMINGTON COUNTRY CLUB, founded in 1901, is a mid-sized nonprofit that reported $20.6M in total revenue in fiscal year 2024.

Mission

WILMINGTON COUNTRY CLUB WAS INCOPORATED IN 1901 UNDER THE LAWS OF THE STATE OF DELAWARE TO BE ONE OF THE FINEST PRIVATE CLUBS IN THE UNITED STATES, WITH A PRIMARY EMPHASIS ON MEETING THE DESIRES OF ITS MEMBERS, THEIR FAMILIES AND THEIR PERSONAL GUESTS.

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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 $12,621,147

Program Service Revenue $7,965,340

Investment Income $243

Other Revenue $0

TOTAL REVENUE $20,586,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,095,700

Fundraising Expenses $0

Program Expenses $15,625,422

Other Expenses $9,199,697

TOTAL EXPENSES $20,295,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,586,730	$19,423,728	+0.1%
Expenses	$20,295,397	$19,544,923	+0.0%
Net Income	$291,333	$-121,195	-3.4%

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

426

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

$774,943

Total Directors

Key Employees

$1,327,528

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRIPP WAY	HOUSE COMMITTEE CHAIR	0.00	Director	$0	$0	$0
DAVID E WILKS	PRESIDENT	0.00	Officer Director	$0	$0	$0
ROBERT W FRIZ	PERSONNEL COMMITTEE CHAIR	0.00	Director	$0	$0	$0
LISA A SCHMIDT	MEMBERSHIP COMMITTEE CHAIR	0.00	Director	$0	$0	$0
MEGAN A ADAMS	GOLF COMMITTEE CHAIR	0.00	Director	$0	$0	$0
JAMES R SELSOR JR	BOARD MEMBER	0.00	Director	$0	$0	$0
RACHEL W HEINLE MD	BOARD MEMBER	0.00	Director	$0	$0	$0
ADAM G LANDIS	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DOUGLAS D HERRMANN	BOARD MEMBER	0.00	Director	$0	$0	$0
STEPHEN J CRIFASI	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW J PODOLSKY	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID D WILKINSON	TREASURER	0.00	Officer Director	$0	$0	$0
JENNIFER J HOPKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
ALLEN M TERRELL JR	BOARD MEMBER	0.00	Director	$0	$0	$0
JONATHAN N SAUNDERS MD	BOARD MEMBER	0.00	Director	$0	$0	$0
MELISSA RIEGEL	NOMINATING COMMITTEE CHAIR	0.00	Director	$0	$0	$0
PAMELA S TIKELLIS	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSEPH F HACKER III MD	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY W FERGUSON	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN F PORTER III	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS A BECK	SECRETARY	0.00	Officer Director	$0	$0	$0
ZACHARY L CHIPMAN DDS	BOARD MEMBER	0.00	Director	$0	$0	$0
BECKY A ALLEN	RACQUETS, SWIM & FITNESS COMMITTEE CHAIR	0.00	Director	$0	$0	$0
MELINDA BLUMETTI	CONTROLLER	50.00	Officer	$152,986	$40,465	$193,451
PHILIP IANNELLI	GENERAL MANAGER	50.00	Officer	$502,600	$78,892	$581,492
SHERMAN W TRIBBITT	EXECUTIVE CHEF	50.00	Key Emp	$202,292	$41,673	$243,965
JONATHAN J URBANSKI	DIRECTOR OF GOLF COURSES A	50.00	Key Emp	$272,427	$70,255	$342,682
MICHAEL K SHANK	DIRECTOR OF GOLF	50.00	Key Emp	$342,712	$45,694	$388,406
LIEZEL HUBER	DIRECTOR OF RACQUETS	50.00	Key Emp	$327,575	$24,900	$352,475
CLARK VERCHICK	CHIEF ENGINEER	50.00	Highest	$125,238	$31,767	$157,005
EDMUND CHILTON	ASSISTANT DIRECTOR OF RACQ	50.00	Highest	$159,246	$20,452	$179,698
CESAR A LEON	RACQUETS PRO	50.00	Highest	$131,589	$16,905	$148,494
CHRISTINE JORDAN	CLUBHOUSE MANAGER	50.00	Highest	$133,653	$16,947	$150,600
VICTORIA GIANNACCINI	DIRECTOR OF JUNIOR SPORTS AND HEAD PICKLEBALL PROF	50.00	Highest	$182,361	$12,382	$194,743

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	$20,586,730	$20,295,397	$36,374,851	$291,333
2023	$19,423,728	$19,544,923	$36,565,659	$-121,195
2022	$18,536,549	$17,754,917	$37,565,092	$781,632
2021	$16,899,345	$14,412,546	$36,588,269	$2,486,799
2020	$14,659,980	$15,215,114	$33,213,203	$-555,134
2019	$16,442,329	$16,506,963	$31,057,635	$-64,634
2018	$15,968,369	$16,340,661	$30,993,249	$-372,292

WILMINGTON COUNTRY CLUB