Porters Neck Country Club Inc (EIN 561750141) - 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

1991

Legal Domicile

Principal Officer

Dave Adams

Phone

9106868180

Tax Period

2019-01-01 to 2019-12-31

Porters Neck Country Club Inc, founded in 1991, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2019. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 268% operating deficit.

Mission

To promote social interaction and recreation 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,813,458

Investment Income $-4,648,850

Other Revenue $1,614,925

TOTAL REVENUE $1,779,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,410,585

Fundraising Expenses $0

Other Expenses $4,143,767

TOTAL EXPENSES $6,554,352

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,779,533	$4,100,634	-0.6%
Expenses	$6,554,352	$5,470,678	+0.2%
Net Income	$-4,774,819	$-1,370,044	+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

107

Volunteers

100

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

$72,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pamela Foss	Secretary	2.00	Officer Director	$0	$0	$0
Dave Adams	President	10.00	Officer Director	$0	$0	$0
Dot Mazepa	Treasurer	10.00	Officer Director	$0	$0	$0
Jeremy Wilson	Board Member	2.00	Director	$0	$0	$0
Ed Vogelsong	Board Member	2.00	Director	$0	$0	$0
Jacob Hooks	Board Member	10.00	Director	$0	$0	$0
Don Pastor	Former President	10.00	Director	$0	$0	$0
Jason Seehafer	General Manager	40.00	Director	$0	$0	$0
Marc Tingle	Former General Manager	40.00	Officer	$72,823	$0	$72,823

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
2019	$1,779,533	$6,554,352	$6,532,172	$-4,774,819
2018	$4,100,634	$5,470,678	$14,015,589	$-1,370,044

Porters Neck Country Club Inc