Princess Anne 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

1916

Legal Domicile

Principal Officer

WILLIAM S SHONK CCM

Phone

7574284141

Tax Period

2023-10-01 to 2024-09-30

Princess Anne Country Club, founded in 1916, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $12.4M left a modest 6% surplus.

Mission

TO OFFER QUALITY SOCIAL AND ATHLETIC SERVICES AND FIRST RATE FACILITIES TO MEET THE NEEDS OF MEMBERS AND THEIR FAMILIES IN A COMFORTABLE ATMOSPHERE AND HOME-AWAY-FROM-HOME ENVIRONMENT, CONSISTENT WITH THE LONG-STANDING VALUES, TRADITIONS, HISTORY, AND UNIQUE CULTURE OF THE CLUB.

Program Service Accomplishments

Program 1

THE CLUB OPERATES AS A COUNTRY CLUB TO PROVIDE RECREATIONAL ACTIVITIES TO ITS MEMBERSHIP, SUCH AS GOLF, FITNESS, TENNIS, SWIMMING AND DINING FACILITIES.

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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 $0

Program Service Revenue $10,980,048

Investment Income $-41,348

Other Revenue $2,185,121

TOTAL REVENUE $13,123,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,554,796

Fundraising Expenses $0

Other Expenses $5,802,818

TOTAL EXPENSES $12,357,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,123,821	$11,965,009	+0.1%
Expenses	$12,357,614	$11,803,945	+0.0%
Net Income	$766,207	$161,064	+3.8%

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

334

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

$316,573

Total Directors

$73,552

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM S SHONK	GENERAL MANAGER	60.0	Officer	$243,021	$0	$243,021
JORDAN SPITLER	GC SUPERINTENDENT	40.0	Highest	$149,215	$0	$149,215
JENNIFER GARROT	ASST GM	60.0	Highest	$135,316	$0	$135,316
MARDY COLLING	F&B DIRECTOR	60.0	Highest	$127,563	$0	$127,563
RONALD G BENSON	EXECUTIVE CHEF	45.0	Highest	$118,774	$0	$118,774
CATHIE HAVRILESKY	CONTROLLER	40.0	Highest	$110,288	$0	$110,288
PAT SHULER	TREASURER	20.0	Officer Director	$66,866	$0	$66,866
JOHN WILSON JR	PRESIDENT	30.0	Officer Director	$6,686	$0	$6,686
DAVID C BURTON	SECRETARY	20.0	Officer Director	$0	$0	$0
BOBBY BEASLEY III	BOARD MEMBER	15.0	Director	$0	$0	$0
DR NEIL BROWN	BOARD MEMBER	10.0	Director	$0	$0	$0
MIKE COWAN	BOARD MEMBER	10.0	Director	$0	$0	$0
KELLY DISHAROON	BOARD MEMBER	10.0	Director	$0	$0	$0
JOHN HAWA	BOARD MEMBER	10.0	Director	$0	$0	$0
NICOLE LEGUM	BOARD MEMBER	10.0	Director	$0	$0	$0
AMY METZGER	BOARD MEMBER	10.0	Director	$0	$0	$0
SHANNAN POTERAN	BOARD MEMBER	10.0	Director	$0	$0	$0
BARBARA SESSOMS	BOARD MEMBER	10.0	Director	$0	$0	$0
ROGER STROUD	BOARD MEMBER	10.0	Director	$0	$0	$0
SAM STEINGOLD	BOARD MEMBER	10.0	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	$13,123,821	$12,357,614	$28,211,576	$766,207
2023	$11,965,009	$11,803,945	$27,759,434	$161,064
2022	$11,073,390	$10,529,547	$27,253,791	$543,843
2021	$11,095,440	$8,951,193	$27,152,387	$2,144,247
2020	$8,539,025	$8,231,344	$21,457,177	$307,681
2019	$8,736,289	$8,377,331	$20,372,142	$358,958
2018	$8,138,807	$8,274,009	$19,846,768	$-135,202