HOLE-IN-THE-WALL GOLF CLUB INC (EIN 590818061) - 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

1957

Legal Domicile

Principal Officer

MIKE CARSON

Phone

2396590164

Tax Period

2024-10-01 to 2025-09-30

HOLE-IN-THE-WALL GOLF CLUB INC, founded in 1957, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $6.7M left a modest 3% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,828,567

Investment Income $299,473

Other Revenue $789,590

TOTAL REVENUE $6,917,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,250,064

Fundraising Expenses $0

Other Expenses $3,450,867

TOTAL EXPENSES $6,700,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,917,630	$8,078,118	-0.1%
Expenses	$6,700,931	$7,040,942	0.0%
Net Income	$216,699	$1,037,176	-0.8%

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

103

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

$722,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN ARNOLD	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT CURREY	TREASURER/2ND VICE PRESIDE	10.00	Officer Director	$0	$0	$0
SANDY TAYLOR	SECRETARY	4.00	Officer Director	$0	$0	$0
RICHARD SCHWOB	2ND VICE PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
JOHN WHITTEMORE	DIRECTOR	10.00	Director	$0	$0	$0
JOHN KIELY	TREASURER/DIRECTOR	4.00	Officer Director	$0	$0	$0
LIZ WINEBRENNER	DIRECTOR	10.00	Director	$0	$0	$0
JAMES HEALEY	VICE PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
LARRY JACOBSON	DIRECTOR	10.00	Director	$0	$0	$0
MIKE CARSON	PRESIDENT/1ST VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NICK NICHOLSON	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL FARR	DIRECTOR	4.00	Director	$0	$0	$0
DIANE MCCUAIG	DIRECTOR	4.00	Director	$0	$0	$0
TOM HOGENKAMP	DIRECTOR	4.00	Director	$0	$0	$0
DAPHNE FOSTER	DIRECTOR	4.00	Director	$0	$0	$0
DAVID WHITE	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$184,834	$16,996	$201,830
JONATHAN BUDDENHAGEN	GOLF PROFESSIONAL	40.00	Key Emp	$197,977	$15,365	$213,342
NICHOLAS SABATINO	GOLF COURSE SUPERINTENDENT	40.00	Key Emp	$287,843	$19,885	$307,728
BRUCE COLYER	HEAD CHEF/CLUBHOUSE MANAGE	40.00	Highest	$143,498	$32,154	$175,652

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	$6,917,630	$6,700,931	$23,837,502	$216,699
2024	$8,078,118	$7,040,942	$23,300,123	$1,037,176
2023	$8,228,120	$6,446,766	$21,745,220	$1,781,354
2022	$6,701,768	$5,827,303	$19,630,877	$874,465
2021	$6,055,502	$6,138,937	$18,548,127	$-83,435
2020	$6,226,865	$5,469,208	$18,749,067	$757,657
2019	$6,443,954	$5,666,931	$17,548,073	$777,023
2018	$5,781,050	$5,385,051	$16,745,585	$395,999

HOLE-IN-THE-WALL GOLF CLUB INC