STARMOUNT CLUB PROPERTIES INC

EIN: 561443822

GREENSBORO, NC

Total Revenue
$343,439
Total Expenses
$409,858
Total Assets
$5,654,637
Net Assets
$-637,400
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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
1984
Legal Domicile
NC
Principal Officer
MICHAEL SPOHN
Phone
3362990425
Tax Period
2023-01-01 to 2023-12-31

STARMOUNT CLUB PROPERTIES INC, founded in 1984, is a small nonprofit that reported $343K in total revenue in fiscal year 2023. Expenses of $410K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO OWN AND MAINTAIN REAL AND PERSONAL PROPERTY, WHICH IS LEASED TO A 501(C)(7) ORGANIZATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $355,560
Investment Income $-17,221
Other Revenue $5,100
TOTAL REVENUE $343,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $409,858
TOTAL EXPENSES $409,858

Year-over-Year Comparison

2023 2022 Change
Revenue $343,439 $344,784 0.0%
Expenses $409,858 $425,933 0.0%
Net Income $-66,419 $-81,149 -0.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$332,545
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SPOHN PRESIDENT 1.00
Officer Director
$0 $0 $0
PERRY HENSON SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN REINERT DIRECTOR 1.00
Director
$0 $0 $0
SCOTT FOWLER DIRECTOR 1.00
Director
$0 $0 $0
GREG BROWN DIRECTOR 1.00
Director
$0 $0 $0
BRAD PENN DIRECTOR 1.00
Director
$0 $0 $0
NANCY RADTKE DIRECTOR 1.00
Director
$0 $0 $0
RAY ARMINI GENERAL MANAGER 1.00
Officer
$0 $4,196 $197,551
TONIA L VAUGHN CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $16,789 $134,994
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 $343,439 $409,858 $5,654,637 $-66,419
2022 $344,784 $425,933 $6,037,676 $-81,149
2021 $404,905 $493,360 $6,335,175 $-88,455
2020 $234,488 $1,505,997 $6,661,530 $-1,271,509
2019 $879,775 $890,881 $8,685,963 $-11,106
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