OLD TOWN CLUB INC (EIN 560344185) - 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

1946

Legal Domicile

Principal Officer

JASON ZAKS

Phone

3367235533

Tax Period

2023-10-01 to 2024-09-30

OLD TOWN CLUB INC, founded in 1946, is a community nonprofit in the Recreation & Sports sector that reported $10.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL PURPOSES 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 $0

Program Service Revenue $6,990,858

Investment Income $1,311

Other Revenue $2,992,367

TOTAL REVENUE $9,984,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,268,690

Fundraising Expenses $0

Other Expenses $5,256,078

TOTAL EXPENSES $10,524,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,984,536	$12,577,293	-0.2%
Expenses	$10,524,768	$8,786,788	+0.2%
Net Income	$-540,232	$3,790,505	-1.1%

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

176

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

$507,914

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ZAKS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MARTIN BAKER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
HARRISON DEAN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
PHIL WAUGH	TREASURUER	0.00	Officer Director	$0	$0	$0
JIM WELSH	SECRETARY	0.00	Officer Director	$0	$0	$0
MELISSA COMBES	DIRECTOR	0.00	Director	$0	$0	$0
BOBBY COOPER	DIRECTOR	0.00	Director	$0	$0	$0
JIM GALLOWAY	DIRECTOR	0.00	Director	$0	$0	$0
BEN HOUGH	DIRECTOR	0.00	Director	$0	$0	$0
TED KIRK	DIRECTOR	0.00	Director	$0	$0	$0
RICK MALOY	DIRECTOR	0.00	Director	$0	$0	$0
MATT MCCHESNEY	DIRECTOR	0.00	Director	$0	$0	$0
JOHN MILLICAN	DIRECTOR	0.00	Director	$0	$0	$0
DON SMITH	DIRECTOR	0.00	Director	$0	$0	$0
WIN WELCH	DIRECTOR	0.00	Director	$0	$0	$0
DUNLOP WHITE	DIRECTOR	0.00	Director	$0	$0	$0
JOSH PARIS	GENERAL MANAGER	1.00	Key Emp	$286,867	$14,322	$301,189
BRYANT EVANS	DIRECTOR OF AGRONOMY	1.00	Key Emp	$197,539	$9,186	$206,725
CHARLES FROST	DIRECTOR OF GOLF	1.00	Highest	$244,489	$13,077	$257,566
LUKE FUSSELL	EXECUTIVE CHEF	1.00	Highest	$165,463	$9,935	$175,398
DONYA STACK	CONTROLLER	1.00	Highest	$145,226	$10,780	$156,006
LINDSEY WARREN	ASSISTANT GENERAL MANAGER	1.00	Highest	$125,896	$10,073	$135,969

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	$9,984,536	$10,524,768	$22,833,062	$-540,232
2023	$12,577,293	$8,786,788	$22,032,261	$3,790,505
2022	$8,408,628	$8,364,099	$12,857,487	$44,529
2021	$8,211,808	$7,484,712	$12,827,032	$727,096
2020	$7,049,043	$6,478,324	$12,532,416	$570,719
2019	$8,113,789	$7,782,681	$12,040,765	$331,108
2018	$6,426,375	$7,314,271	$11,629,499	$-887,896

OLD TOWN CLUB INC