SPRING ISLAND 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

1990

Legal Domicile

Principal Officer

WILLIAM GRIFFON

Phone

8439872002

Tax Period

2023-01-01 to 2023-12-31

SPRING ISLAND CLUB, founded in 1990, is a mid-sized nonprofit in the Recreation & Sports sector that reported $11.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE MEMBERS WITH SERVICES THAT INCLUDE GOLF, TENNIS, FITNESS CENTER AND DINING FACILITIES.

Program Service Accomplishments

Program 1

PROVIDE CLUB MEMBERS WITH VARIED SOCIAL FUNCTIONS AND GATHERINGS. PROVIDE MEMBERS WITH VARIOUS AMENITIES SUCH AS FOOD AND BEVERAGE, GOLF, HUNTING, TENNIS AND FITNESS CENTER. MAINTAIN THE CLUB...

PROVIDE CLUB MEMBERS WITH VARIED SOCIAL FUNCTIONS AND GATHERINGS. PROVIDE MEMBERS WITH VARIOUS AMENITIES SUCH AS FOOD AND BEVERAGE, GOLF, HUNTING, TENNIS AND FITNESS CENTER. MAINTAIN THE CLUB FACILITIES THROUGHOUT THE YEAR.

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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 $8,273,386

Investment Income $187,791

Other Revenue $2,953,666

TOTAL REVENUE $11,414,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,793,590

Fundraising Expenses $0

Other Expenses $6,894,208

TOTAL EXPENSES $11,687,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,414,843	$11,042,244	+0.0%
Expenses	$11,687,798	$10,662,261	+0.1%
Net Income	$-272,955	$379,983	-1.7%

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

133

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
WILLIAM MCMAHON	DIRECTOR	5.00	Director	$0	$0	$0
GEOFF HARGADON	DIRECTOR	5.00	Director	$0	$0	$0
GLORIA PINZA	DIRECTOR	5.00	Director	$0	$0	$0
SALLY SWIFT	DIRECTOR	5.00	Director	$0	$0	$0
GREG VEZZOSI	DIRECTOR	5.00	Director	$0	$0	$0
RANDY ROGERS	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL SCHMITTLEIN	TREASURER	5.00	Officer	$0	$0	$0
RUTHANN RAY	PRESIDENT	5.00	Officer	$0	$0	$0
THOMAS LODGE	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DANA WHITE	SECRETARY	5.00	Officer	$0	$0	$0
JAY GRATTON	DIRECTOR OF GROUNDS AND CO	40.00	Highest	$262,004	$26,157	$288,161
TAMMY RANDOLPH	DIRECTOR OF RECREATION AND	40.00	Highest	$148,143	$14,264	$162,407
WILLIAM SAMPSON	DIRECTOR OF GOLF INSTRUCTI	40.00	Highest	$180,375	$30,431	$210,806
DEBRA GERLACH	DIRECTOR OF CLUB OPERATION	40.00	Highest	$164,666	$14,570	$179,236
DOUGLAS GADDY	DIRECTOR OF FACILITIES	40.00	Highest	$123,000	$4,720	$127,720
CHARLES SWANSON	DIRECTOR OF GOLF	40.00	Highest	$177,885	$29,050	$206,935
JEREMY HALKER	EXECUTIVE CHEF	40.00	Highest	$144,000	$4,020	$148,020
LARRY ANGUS	TENNIS PROFESSIONAL	40.00	Highest	$152,287	$28,964	$181,251
ADAM CRIBITT	GOLF COURSE SUPERINTENDENT	40.00	Highest	$141,328	$7,953	$149,281
RYAN GOOD	FITNESS	40.00	Highest	$107,253	$15,756	$123,009
WILLIAM STENACK	DIRECTOR OF OUTDOOR ACTIVITIES	40.00	Highest	$101,250	$3,710	$104,960
ASHLEIGH WHITMORE	MEMBERSHIP/COMMUNCATIONS	40.00	Highest	$100,746	$26,875	$127,621

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	$11,414,843	$11,687,798	$21,668,974	$-272,955
2022	$11,042,244	$10,662,261	$21,560,413	$379,983
2021	$10,747,020	$9,680,984	$20,372,733	$1,066,036
2020	$8,804,803	$8,677,221	$19,073,896	$127,582
2019	$8,696,344	$9,023,602	$19,133,614	$-327,258
2018	$10,760,111	$8,840,681	$19,440,766	$1,919,430