THE MOORINGS COUNTRY CLUB OF NAPLES INC (EIN 591221044) - 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

1969

Legal Domicile

Principal Officer

MATT TORNOW

Phone

2392610909

Tax Period

2023-10-01 to 2024-09-30

THE MOORINGS COUNTRY CLUB OF NAPLES INC, founded in 1969, is a community nonprofit in the Recreation & Sports sector that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $680K, a strong 16% operating margin.

Mission

THE CLUB OFFERS AN 18-HOLE EXECUTIVE GOLF COURSE AND FULL SERVICE MERCHANDISE GOLF SHOP. THE CLUB UTILIZES ITS CLUBHOUSE TO OFFER LUNCH, DINNER, SUNDAY BRUNCH AND SPECIAL EVENTS.

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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 $3,999,528

Investment Income $175,531

Other Revenue $20,174

TOTAL REVENUE $4,195,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,627,525

Fundraising Expenses $0

Other Expenses $1,888,035

TOTAL EXPENSES $3,515,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,195,233	$3,965,761	+0.1%
Expenses	$3,515,560	$3,219,377	+0.1%
Net Income	$679,673	$746,384	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL TURNER	PRESIDENT	6.00	Officer Director	$0	$0	$0
SAM LADD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RON PERRI	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL WALLOR	VICE PRESIDENT/SECRETARY	6.00	Officer Director	$0	$0	$0
DORIAN JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
MARY MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WEATHERBY	DIRECTOR	2.00	Director	$0	$0	$0
CLAYTON SCHWERIN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD CURRAN	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW TORNOW	GENERAL MANAGER/COO	40.00	Highest	$207,694	$9,099	$216,793
MARY MAURAIS	CONTROLLER	40.00	Highest	$154,506	$5,805	$160,311
BENJAMIN SCHAD	EXECUTIVE CHEF	40.00	Highest	$114,827	$30,461	$145,288
SEAN DONOGHUE	GOLF PRO	40.00	Highest	$118,009	$6,324	$124,333

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
2024	$4,195,233	$3,515,560	$13,752,382	$679,673
2023	$3,965,761	$3,219,377	$9,916,313	$746,384
2022	$4,259,229	$3,883,578	$7,410,926	$375,651
2021	$3,313,857	$3,335,029	$4,013,084	$-21,172
2020	$2,717,163	$3,229,502	$3,426,005	$-512,339
2019	$3,029,658	$3,402,614	$3,473,382	$-372,956
2018	$2,634,331	$3,125,776	$3,493,573	$-491,445

THE MOORINGS COUNTRY CLUB OF NAPLES INC