CLUB 60 INCORPORATED (EIN 540485318) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

VERNA NORDINE

Phone

7575831871

Tax Period

2023-01-01 to 2023-12-31

CLUB 60 INCORPORATED, founded in 1945, is a small nonprofit in the Public & Societal Benefit sector that reported $144K in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $395K represent 33 months of operating reserves.

Mission

THE ORGANIZATION IS A PRIVATE SOCIAL CLUB FOR SEA SERVICE ACTIVE DUTY, RESERVE AND VETERANS. IT PROVIDES A VENUE FOR SOCIAL MEETINGS, FOOD AND ENTERTAINMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $195

Investment Income $3,346

Other Revenue $315,760

TOTAL REVENUE $319,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,848

Fundraising Expenses $0

Other Expenses $186,352

TOTAL EXPENSES $262,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,301	$167,066	+0.9%
Expenses	$262,200	$204,963	+0.3%
Net Income	$57,101	$-37,897	-2.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNA NORDINE	PRESIDENT	N/A	Officer	$0	$0	$0
STEPHEN FITZGIBBONS	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEVEN ROBINSON	TREASURER	N/A	Officer	$0	$0	$0
SCOTT SCHAEFFER	SECRETARY	N/A	Officer	$0	$0	$0
JOHN BAKER	DIRECTOR	N/A	Director	$0	$0	$0
CLAYTON HATCHETT	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM CONWAY	DIRECTOR	N/A	Director	$0	$0	$0
SHEILA FOOTE	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER WINFIELD	DIRECTOR	N/A	Director	$0	$0	$0
VICTOR HOWARD	DIRECTOR	N/A	Director	$0	$0	$0
KYLE FOOTE	DIRECTOR	N/A	Director	$0	$0	$0
TRAVIS CLEM	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$319,301	$262,200	$612,616	$57,101
2022	$167,066	$204,963	$558,462	$-37,897
2021	$215,332	$153,674	$595,924	$61,658
2020	$175,646	$121,030	$535,378	$54,616
2019	$193,749	$112,086	$483,601	$81,663
2018	$144,150	$147,300	$402,352	$-3,150

CLUB 60 INCORPORATED