Elk River 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

1982

Legal Domicile

Phone

8288989773

Tax Period

2023-01-01 to 2023-12-31

Elk River Club, founded in 1982, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $1.9M, a strong 18% operating margin.

Mission

Social club providing recreational facilities including golf, tennis, equestrian, swimming, fitness, dining, and social activities.

Program Service Accomplishments

Program 1

Operation of clubhouse, dining room, equestrian center, spa, and lounge for the benefit of its members.

Program 2

Operation of golf course for the benefit of its members.

Program 3

Operation of tennis facility and pool 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 $0

Program Service Revenue $9,854,215

Investment Income $63,553

Other Revenue $131,760

TOTAL REVENUE $10,049,528

Expense Breakdown

Grants Paid $2,396

Salaries & Benefits $4,085,372

Fundraising Expenses $0

Program Expenses $0

Other Expenses $4,103,326

TOTAL EXPENSES $8,191,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,049,528	$11,908,189	-0.2%
Expenses	$8,191,094	$7,633,869	+0.1%
Net Income	$1,858,434	$4,274,320	-0.6%

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

128

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

$209,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	2.0	Officer Director	$0	$0	$0
N/A	President	2.0	Officer Director	$0	$0	$0
N/A	Treasurer	2.0	Officer Director	$0	$0	$0
N/A	Secretary	2.0	Officer Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	General Manager/CFO	50.0	Officer	$201,316	$8,053	$209,369
N/A	Director of Golf	50.0	Highest	$164,524	$6,581	$171,105
N/A	Golf Couse Superintendent	50.0	Highest	$151,851	$6,074	$157,925
N/A	Fitness Director	50.0	Highest	$122,390	$4,896	$127,286
N/A	Executive Chef	50.0	Highest	$120,359	$4,814	$125,173

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	$10,049,528	$8,191,094	$26,442,104	$1,858,434
2022	$11,908,189	$7,633,869	$24,993,107	$4,274,320
2021	$9,930,284	$6,813,964	$20,822,745	$3,116,320
2020	$7,196,228	$5,760,096	$17,657,497	$1,436,132
2019	$6,354,265	$6,020,855	$16,520,458	$333,410
2018	$6,325,883	$5,714,346	$16,822,402	$611,537