TURTLE CREEK 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

1969

Legal Domicile

Principal Officer

JIM O'NEIL

Phone

5617468371

Tax Period

2024-05-01 to 2025-04-30

TURTLE CREEK CLUB INC, founded in 1969, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Net assets of $21.3M represent 33 months of operating reserves.

Mission

TURTLE CREEK CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROVIDE SUPERIOR GOLF EXPERIENCES AND SOCIAL ACTIVITIES THAT FOSTER FRIENDSHIP AND CAMARADERIE AMONGST OUR MEMBERS AND THEIR GUESTS.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES GOLF SERVICES, FOOD AND BEVERAGE SERVICES, AND OTHER SOCIAL ACTIVITIES TO APPROXIMATELY 400 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,318,767

Investment Income $360,918

Other Revenue $1,023,604

TOTAL REVENUE $7,703,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,551,412

Fundraising Expenses $0

Other Expenses $3,326,291

TOTAL EXPENSES $7,877,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,703,289	$7,191,586	+0.1%
Expenses	$7,877,703	$7,599,531	+0.0%
Net Income	$-174,414	$-407,945	-0.6%

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

109

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

$449,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM O' NEIL	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM GILBERT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE O'CONNER	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY SAUNDERS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT BRUNJES	DIRECTOR	1.00	Director	$0	$0	$0
ROY HART	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MARTINO	DIRECTOR	1.00	Director	$0	$0	$0
TED TRUCOTTE	DIRECTOR	1.00	Director	$0	$0	$0
BILL BUSA	DIRECTOR	1.00	Director	$0	$0	$0
WILMA BORMUTH	CONTROLLER	50.00	Officer	$173,975	$16,081	$190,056
JAMES T STRELEC	GENERAL MANAGER	50.00	Officer	$224,244	$35,143	$259,387
CLARENCE COVINGTON	SUPERINTENDENT	50.00	Highest	$189,314	$15,748	$205,062
THEODORE HILL	HEAD GOLF PRO	50.00	Highest	$163,619	$15,655	$179,274
PATRICK FAGEN	EXECUTIVE CHEF	50.00	Highest	$151,336	$15,175	$166,511

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	$7,703,289	$7,877,703	$23,648,695	$-174,414
2024	$7,191,586	$7,599,531	$21,401,781	$-407,945
2023	$6,166,787	$6,474,243	$19,481,405	$-307,456
2022	$6,069,784	$6,383,498	$16,551,508	$-313,714
2021	$5,333,660	$5,984,114	$15,593,286	$-650,454
2020	$5,074,234	$6,002,519	$15,094,172	$-928,285
2019	$4,567,259	$5,484,446	$15,288,811	$-917,187
2018	$4,496,452	$4,987,205	$15,098,028	$-490,753