CHEVY CHASE CLUB INC (EIN 520799949) - 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

1977

Legal Domicile

Principal Officer

IRA W CARNAHAN

Phone

3016524100

Tax Period

2023-10-01 to 2024-09-30

CHEVY CHASE CLUB INC, founded in 1977, is a mid-sized nonprofit that reported $37.9M in total revenue in fiscal year 2023. Expenses of $36.0M left a modest 5% surplus.

Mission

TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF 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 $1,333,143

Program Service Revenue $23,512,971

Investment Income $751,548

Other Revenue $12,312,109

TOTAL REVENUE $37,909,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,627,166

Fundraising Expenses $0

Other Expenses $13,394,802

TOTAL EXPENSES $36,021,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,909,771	$36,931,800	+0.0%
Expenses	$36,021,968	$33,285,764	+0.1%
Net Income	$1,887,803	$3,646,036	-0.5%

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

567

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

$1,287,513

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY A HARR	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM J CURTIN III	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA G HARTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER CONNOLLY	EXECUTIVE COMMITTEE CHAIRMAN	1.00	Officer Director	$0	$0	$0
IRA W CARNAHAN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT B BELLINGER	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JUAN C ALTAMAR	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER N MANNING	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
NAOTAKA MATSUKATA	GOVERNOR	1.00	Director	$0	$0	$0
HADLEY S COOPER	GOVERNOR	1.00	Director	$0	$0	$0
STUART S PRINCE	GOVERNOR	1.00	Director	$0	$0	$0
ERIN N ORTIZ	GOVERNOR	1.00	Director	$0	$0	$0
GRAY M KING	GOVERNOR	1.00	Director	$0	$0	$0
EDWARD S MANDEL	GOVERNOR	1.00	Director	$0	$0	$0
SARAH A MCGARRY	GOVERNOR	1.00	Director	$0	$0	$0
LUKE A O'BOYLE	GENERAL MANAGER & CEO	40.00	Key Emp	$551,946	$79,033	$630,979
STEPHEN BRITTON	DIRECTOR OF AGRONOMY	40.00	Key Emp	$323,691	$55,793	$379,484
JOHN S O'NEAL	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$223,263	$53,787	$277,050
KENNETH GLADYSZ	EXECUTIVE CHEF	40.00	Highest	$265,872	$57,392	$323,264
ADAM HEMEON	DIRECTOR OF GOLF	40.00	Highest	$231,966	$59,100	$291,066
MERIDITH KHATTAR	ASSISTANT GENERAL MANAGER	40.00	Highest	$237,130	$46,609	$283,739
ZACH HATEM	DIRECTOR OF FOOD AND BEVERAGE	40.00	Highest	$208,347	$39,847	$248,194
ALYSON SMITH	DIRECTOR OF RAQUETS	40.00	Highest	$287,593	$34,982	$322,575

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	$37,909,771	$36,021,968	$83,060,501	$1,887,803
2023	$36,931,800	$33,285,764	$74,643,562	$3,646,036
2022	$33,875,016	$30,349,435	$70,306,957	$3,525,581
2021	$32,070,138	$27,138,728	$66,940,188	$4,931,410
2020	$27,185,640	$25,536,065	$60,766,073	$1,649,575
2019	$31,452,380	$28,488,958	$58,419,385	$2,963,422
2018	$28,878,860	$27,344,842	$58,925,041	$1,534,018

CHEVY CHASE CLUB INC