LAKELAND YACHT & COUNTRY CLUB INC

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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

1924

Legal Domicile

Principal Officer

TRICIA BUSHN

Phone

8636802582

Tax Period

2023-10-01 to 2024-09-30

LAKELAND YACHT & COUNTRY CLUB INC, founded in 1924, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE SOCIAL AND RECREATIONAL FELLOWSHIP AMONG OUR MEMBERS AND THEIR FAMILIES THROUGHOUT THEIR LIVES, WHILE OPERATING IN A PROFESSIONAL, FINANCIALLY PRUDENT MANNER AND MAINTAINING EXCELLENCE IN OUR RELATIONSHIP WITH STAFF AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,376,950 Revenue: $2,911,584

THE LAKELAND YACHT AND COUNTRY CLUB IS THE OLDEST AND MOST PRESTIGIOUS MEMBER-OWNED PRIVATE CLUB IN THIS REGION. IT IS UNIQUE AMONG PRIVATE CLUBS IN CENTRAL FLORIDA BECAUSE IT PROVIDES, IN ONE...

THE LAKELAND YACHT AND COUNTRY CLUB IS THE OLDEST AND MOST PRESTIGIOUS MEMBER-OWNED PRIVATE CLUB IN THIS REGION. IT IS UNIQUE AMONG PRIVATE CLUBS IN CENTRAL FLORIDA BECAUSE IT PROVIDES, IN ONE MAGNIFICENT SETTING, BOTH FINE AND CASUAL DINING, OUTSTANDING SOCIAL EVENTS, PRIVATE MEETING ROOMS, AND TENNIS AND SWIMMING FOR ALL ITS MEMBERS' SOCIAL, PROFESSIONAL AND RECREATIONAL NEEDS. WITH AN EMPHASIS ON FAMILY, TRADITION, LIFESTYLE AND FUN, THE LAKELAND YACHT AND COUNTRY CLUB HAS BEEN SERVING FAMILIES AND BUSINESSES OF LAKELAND FOR 100 YEARS. MEMBERSHIPS ARE AVAILABLE TO ESTABLISH AND MAINTAIN SOCIAL AND RECREATIONAL FACILITIES AND FUNCTIONS FOR THE BENEFIT OF ITS MEMBERS.

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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 $2,141,113

Investment Income $0

Other Revenue $770,471

TOTAL REVENUE $2,911,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,835,339

Fundraising Expenses $0

Program Expenses $2,376,950

Other Expenses $1,506,701

TOTAL EXPENSES $3,342,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,911,584	$3,193,386	-0.1%
Expenses	$3,342,040	$3,035,685	+0.1%
Net Income	$-430,456	$157,701	-3.7%

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

242

Independent Members

242

Employees

102

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
BLAKE PAUL	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL EHLENBECK	VICE CHAIR	4.00	Officer Director	$0	$0	$0
TRICIA BUSHN	TREASURER	4.00	Officer Director	$0	$0	$0
ROBERT HUDSON	SECRETARY	4.00	Officer Director	$0	$0	$0

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	$2,911,584	$3,342,040	$6,218,512	$-430,456
2023	$3,193,386	$3,035,685	$6,629,148	$157,701
2022	$2,709,675	$2,799,651	$6,890,624	$-89,976
2021	$2,196,472	$2,489,119	$7,233,321	$-292,647
2020	$2,051,722	$2,332,223	$7,403,050	$-280,501
2018	$721,207	$366,327	$5,334,485	$354,880