WACHESAW PLANTATION CLUB INC (EIN 570789494) - 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

1992

Legal Domicile

Principal Officer

MICHAEL SPECHT

Phone

8433571263

Tax Period

2023-10-01 to 2024-09-30

WACHESAW PLANTATION CLUB INC, founded in 1992, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Expenses of $6.0M left a modest 6% surplus.

Mission

TO PROVIDE RECREATION AND SOCIAL ACTIVITIES FOR MEMBERS OF THE WACHESAW PLANTATION CLUB, INC.

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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 $6,274,250

Investment Income $50,265

Other Revenue $0

TOTAL REVENUE $6,324,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,671,937

Fundraising Expenses $0

Program Expenses $5,013,424

Other Expenses $3,290,108

TOTAL EXPENSES $5,962,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,324,515	$5,872,648	+0.1%
Expenses	$5,962,045	$5,648,129	+0.1%
Net Income	$362,470	$224,519	+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

Volunteers

N/A

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
BOB LOWE	PRESIDENT	15.00	Officer Director	$0	$0	$0
LARRY DECOSMO	BOARD OF DIRECTORS	15.00	Officer Director	$0	$0	$0
ELIZABETH HEIDER	BOARD OF DIRECTORS	8.00	Director	$0	$0	$0
MIKE SPECHT	TREASURER	15.00	Officer Director	$0	$0	$0
ART LETZLER	SECRETARY	8.00	Director	$0	$0	$0
BOB RANUM	BOARD OF DIRECTORS	8.00	Director	$0	$0	$0
WOODY DURANT	BOARD OF DIRECTORS	8.00	Director	$0	$0	$0
CHAD FAUST	VICE-PRESIDENT	15.00	Officer Director	$0	$0	$0
ED RADIN	BOARD OF DIRECTORS	8.00	Officer Director	$0	$0	$0
SCOTT FRETZ	GROUNDS MANAGER	40.00	Highest	$0	$0	$122,792
ROSS DESMOND	GENERAL MANAGER	40.00	Highest	$0	$0	$195,696

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	$6,324,515	$5,962,045	$11,596,370	$362,470
2023	$5,872,648	$5,648,129	$10,235,586	$224,519
2022	$6,067,094	$5,441,157	$9,896,608	$625,937
2021	$4,779,157	$4,620,576	$6,730,710	$158,581

WACHESAW PLANTATION CLUB INC