THORNBLADE CLUB INC (EIN 570892854) - 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

1988

Legal Domicile

Principal Officer

DOUG CALLENDER

Phone

8642345100

Tax Period

2024-04-01 to 2025-03-31

THORNBLADE CLUB INC, founded in 1988, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 16% operating margin.

Mission

A PRIVATE CLUB FOCUSED ON ESTABLISHING A SOCIAL ENVIRONMENT TO ENCOURAGE PARTICIPATION IN AND ENJOYMENT OF VARIOUS PHYSICAL EXERCISES AND ATHLETIC ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,401,080

Investment Income $0

Other Revenue $-707

TOTAL REVENUE $11,400,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,829,055

Fundraising Expenses $0

Other Expenses $5,781,700

TOTAL EXPENSES $9,610,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,400,373	$10,502,157	+0.1%
Expenses	$9,610,755	$8,661,584	+0.1%
Net Income	$1,789,618	$1,840,573	0.0%

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

208

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

$482,211

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN O'SULLIVAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE HARRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG CALLENDER	TREASURER	1.00	Officer Director	$0	$0	$0
JOE BRYANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN MERRITT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CIVILS	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LEVER	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SAEED ASSADZANDI	GENERAL MANAGER/COO	40.00	Key Emp	$305,196	$12,364	$317,560
BRANDON MOTLEY	DIRECTOR OF GOLF	40.00	Key Emp	$153,778	$10,873	$164,651
ROBERT JUSTUS	DIRECTOR OF FINANCE	40.00	Highest	$132,400	$18,568	$150,968
RICHARD KING	DIRECTOR OF TENNIS	40.00	Highest	$118,764	$6,434	$125,198
JORDAN STRANGE	DIRECTOR OF GROUNDS	40.00	Highest	$109,780	$0	$109,780

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
2025	$11,400,373	$9,610,755	$17,720,860	$1,789,618
2024	$10,502,157	$8,661,584	$15,730,811	$1,840,573
2023	$8,267,161	$8,032,309	$14,162,981	$234,852
2022	$8,196,454	$7,748,008	$15,138,104	$448,446
2021	$8,288,417	$7,370,547	$14,100,842	$917,870
2020	$5,866,779	$6,852,621	$14,556,867	$-985,842
2019	$8,743,051	$7,913,925	$15,596,442	$829,126
2018	$8,056,941	$7,652,113	$14,658,395	$404,828

THORNBLADE CLUB INC