INDIAN CREEK COUNTRY CLUB INC (EIN 590302870) - 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

1938

Legal Domicile

Principal Officer

THOMAS J BALTIMORE JR

Phone

3058665751

Tax Period

2023-01-01 to 2023-12-31

INDIAN CREEK COUNTRY CLUB INC, founded in 1938, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $15.5M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

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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 $9,315,993

Investment Income $-483,264

Other Revenue $2,054,806

TOTAL REVENUE $10,887,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,258,683

Fundraising Expenses $0

Other Expenses $8,206,316

TOTAL EXPENSES $15,464,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,887,535	$6,933,196	+0.6%
Expenses	$15,464,999	$11,784,009	+0.3%
Net Income	$-4,577,464	$-4,850,813	-0.1%

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

146

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

$683,359

Total Directors

Key Employees

$176,248

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J BALTIMORE JR	PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM W BURKE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KRISTI W JERNIGAN	TREASURER	0.50	Officer Director	$0	$0	$0
DOUGLAS M HALSEY	DIRECTOR	0.50	Director	$0	$0	$0
BEN F AYCOCK	DIRECTOR	0.50	Director	$0	$0	$0
NANCY H BAILEY	DIRECTOR	0.50	Director	$0	$0	$0
G JOSEPH DIPPELL JR	DIRECTOR	0.50	Director	$0	$0	$0
DAVID P VIEAU	DIRECTOR	0.50	Director	$0	$0	$0
DEAN C COLSON	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY J HICKS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID R PARKER	DIRECTOR	0.50	Director	$0	$0	$0
GEERT-JAN BAKKER	DIRECTOR	0.50	Director	$0	$0	$0
DORIAN K DAMOORGIAN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM L MORRISON	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD S YOUNGMAN	DIRECTOR	0.50	Director	$0	$0	$0
CLARECE R DEPKIN	GENERAL MANAGER	55.00	Officer	$349,344	$28,036	$377,380
HELEN KARPEL	CHIEF FINANCIAL OFFICER	55.00	Officer	$277,674	$28,305	$305,979
BRETT HARRIS	COURSE SUPERINTENDENT	55.00	Key Emp	$171,901	$4,347	$176,248
JOE COMPITELLO	DIRECTOR OF GOLF	55.00	Highest	$326,456	$37,235	$363,691
LUKE LIVINGSTON	EXECUTIVE CHEF	55.00	Highest	$201,040	$32,746	$233,786
AARON C BARNETT	DIRECTOR OF AGRONOMY	55.00	Highest	$230,696	$17,011	$247,707

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	$10,887,535	$15,464,999	$39,591,635	$-4,577,464
2022	$6,933,196	$11,784,009	$34,953,984	$-4,850,813
2021	$8,688,544	$10,731,881	$27,369,009	$-2,043,337
2020	$8,174,019	$10,405,768	$23,493,643	$-2,231,749
2019	$9,768,908	$11,057,995	$23,600,856	$-1,289,087
2018	$8,930,749	$10,040,025	$21,834,428	$-1,109,276

INDIAN CREEK COUNTRY CLUB INC