PINE TREE GOLF CLUB INCORPORATED (EIN 591215066) - 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

1968

Legal Domicile

Principal Officer

R BOWEN GILLESPIE

Phone

5617326404

Tax Period

2023-10-01 to 2024-09-30

PINE TREE GOLF CLUB INCORPORATED, founded in 1968, is a community nonprofit in the Recreation & Sports sector that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

MAINTAINING A GOLF CLUB AND RELATED FACILITIES 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 $7,855,680

Investment Income $294,403

Other Revenue $955,284

TOTAL REVENUE $9,105,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,918,671

Fundraising Expenses $0

Other Expenses $5,218,382

TOTAL EXPENSES $10,137,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,105,367	$8,122,730	+0.1%
Expenses	$10,137,053	$9,448,031	+0.1%
Net Income	$-1,031,686	$-1,325,301	-0.2%

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

115

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

$247,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R BOWEN GILLESPIE	PRESIDENT	4.00	Officer Director	$0	$0	$0
EDWARD SHEEHY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
WAYNE HUNLEY	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL SICK	SECRETARY	4.00	Officer Director	$0	$0	$0
JOHN HYNES III	DIRECTOR	4.00	Director	$0	$0	$0
CLYDE KELLY III	DIRECTOR	4.00	Director	$0	$0	$0
ANTHONY KNAPP JR	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTOPHER LANGE	DIRECTOR	4.00	Director	$0	$0	$0
DONALD MCLAUCHLAN	DIRECTOR	4.00	Director	$0	$0	$0
JOSEPH SPADAFORA	GENERAL MANAGER	50.00	Officer	$218,237	$29,714	$247,951
NICHOLAS MORFOGEN	CHEF	50.00	Highest	$159,914	$41,873	$201,787
JUSTIN THOMPSON	GOLF PROFESSIONAL	50.00	Highest	$219,728	$16,371	$236,099
JOSEPH PANTALEO	GOLF AGRONOMIST	50.00	Highest	$306,665	$16,312	$322,977
JAMES DAVIS	COURSE SUPERINTENDENT	50.00	Highest	$125,970	$38,251	$164,221

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	$9,105,367	$10,137,053	$26,489,659	$-1,031,686
2023	$8,122,730	$9,448,031	$23,105,412	$-1,325,301
2022	$7,439,944	$8,712,422	$20,409,205	$-1,272,478
2021	$6,834,924	$7,529,837	$18,885,592	$-694,913
2020	$6,422,257	$6,927,465	$17,360,146	$-505,208
2019	$6,151,207	$6,814,305	$15,795,215	$-663,098
2018	$6,209,018	$6,721,298	$14,757,171	$-512,280

PINE TREE GOLF CLUB INCORPORATED