THE LANDINGS CLUB INC (EIN 581824781) - 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

1989

Legal Domicile

Principal Officer

RICHARD OSWALD

Phone

9125988050

Tax Period

2023-01-01 to 2023-12-31

THE LANDINGS CLUB INC, founded in 1989, is a mid-sized nonprofit in the Recreation & Sports sector that reported $60.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $53.9M left a modest 10% surplus.

Mission

CREATE A FULFILLING LIFESTYLE BOUND BY RELEVANT ACTIVITIES AND ENDURING RELATIONSHIPS, SERVED BY EMPOWERED, GENUINELY CARING SERVICE PROFESSIONALS.

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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 $10,000

Program Service Revenue $36,908,303

Investment Income $250,453

Other Revenue $22,814,165

TOTAL REVENUE $59,982,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,703,059

Fundraising Expenses $0

Other Expenses $21,242,400

TOTAL EXPENSES $53,945,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,982,921	$53,630,988	+0.1%
Expenses	$53,945,459	$49,933,996	+0.1%
Net Income	$6,037,462	$3,696,992	+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

940

Volunteers

150

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

$883,306

Total Directors

Key Employees

$841,331

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB HAINLY	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARK LASTNER	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD OSWALD	TREASURER	10.00	Officer Director	$0	$0	$0
NANCY EARLY	SECRETARY	10.00	Officer Director	$0	$0	$0
BILL TOMASSINI	GOVERNOR	10.00	Director	$0	$0	$0
DEAN PHILIPPO	GOVERNOR	10.00	Director	$0	$0	$0
KEITH KRUEGER	GOVERNOR	10.00	Officer Director	$0	$0	$0
JOHN EVANS	GOVERNOR	10.00	Director	$0	$0	$0
TONY MARINO	GOVERNOR	10.00	Director	$0	$0	$0
BOB LINDENSCHMIDT	EX-OFFICIO	10.00	Director	$0	$0	$0
STEVEN FREUND	EXECUTIVE DIRECTOR	40.00	Officer	$852,505	$30,801	$883,306
JESSE RUBEN	DIRECTOR OF FINANCE	40.00	Key Emp	$303,847	$18,348	$322,195
CHRISTOPHER J STEIGELMAN	DIR. OF GROUNDS & PROJECT	40.00	Key Emp	$251,105	$8,924	$260,029
TYSON C HELSEL	DIRECTOR OF AGRONOMY	40.00	Key Emp	$250,288	$8,819	$259,107
CHRISTOPHER KADER	DIRECTOR OF TENNIS	40.00	Highest	$385,528	$18,625	$404,153
SCOTT A JUSTMAN	DIRECTOR OF GOLF	40.00	Highest	$326,524	$20,139	$346,663
KEVIN WALTERS	DIR. OF CLUBHOUSE OPERATIONS	40.00	Highest	$303,030	$9,800	$312,830
GARY LORFANO	DIRECTOR OF MEMBERSHIP	40.00	Highest	$237,066	$8,066	$245,132
DAWN R MACLELLAN	DIRECTOR OF WELLNESS	40.00	Highest	$183,140	$4,316	$187,456

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	$59,982,921	$53,945,459	$83,796,197	$6,037,462
2022	$53,630,988	$49,933,996	$77,796,474	$3,696,992
2021	$43,044,375	$43,650,722	$76,235,389	$-606,347
2020	$35,825,301	$36,318,898	$73,274,902	$-493,597
2019	$35,197,063	$35,012,749	$70,384,915	$184,314
2018	$32,448,535	$32,328,858	$60,165,075	$119,677

THE LANDINGS CLUB INC