IMPERIAL GOLF CLUB INC (EIN 591425712) - 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

1973

Legal Domicile

Principal Officer

STEVE MICHAELS

Phone

2395978165

Tax Period

2023-10-01 to 2024-09-30

IMPERIAL GOLF CLUB INC, founded in 1973, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $12.8M exceeded revenue, resulting in a 14% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,719,031

Investment Income $206,801

Other Revenue $1,285,816

TOTAL REVENUE $11,211,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,891,621

Fundraising Expenses $0

Other Expenses $5,883,415

TOTAL EXPENSES $12,775,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,211,648	$10,185,681	+0.1%
Expenses	$12,775,036	$11,797,766	+0.1%
Net Income	$-1,563,388	$-1,612,085	0.0%

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

159

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

$590,951

Total Directors

Key Employees

$339,067

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE MAYER	PRESIDENT (THROUGH 3/24)	1.00	Officer Director	$0	$0	$0
JP PERKINS	SECRETARY (THROUGH 3/24)/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULIE MCCOWAN	VICE PRESIDENT (THROUGH 3/24)	1.00	Officer Director	$0	$0	$0
STEVE MICHAELS	TREASUER (THROUGH 3/24)/PRESIDENT (AS OF 3/24)	1.00	Officer Director	$0	$0	$0
ED BJORNCRANTZ	TREASURER (AS OF 3/24)	1.00	Officer Director	$0	$0	$0
LINDA MCINTYRE	DIRECTOR (THROUGH 3/24)/SECRETARY (AS OF 3/24)	1.00	Officer Director	$0	$0	$0
MARK DARGENE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BILLINGSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS DEEB	DIRECTOR	1.00	Director	$0	$0	$0
MARC BRANDT	DIRECTOR (THROUGH 3/24)	1.00	Director	$0	$0	$0
BETH SIMMONS	DIRECTOR (AS OF 3/24)	1.00	Director	$0	$0	$0
JOHN MCCAFFREY	DIRECTOR (AS OF 3/24)	1.00	Director	$0	$0	$0
JOHN LEE	GENERAL MANAGER	40.00	Officer	$296,144	$30,537	$326,681
THOMAS SMITH	CHIEF BUSINESS OFFICER	40.00	Officer	$241,395	$22,875	$264,270
MICHAEL HENDRICKS	GOLF COURSE SUPERINTENDENT	40.00	Key Emp	$308,702	$30,365	$339,067
JOSEPH ALLINDER	HEAD GOLF PROFESSIONAL	40.00	Highest	$160,693	$18,285	$178,978
JEFFREY JOHNSON	CLUB MAINTENANCE MANAGER	40.00	Highest	$106,448	$9,557	$116,005
LYNSEY ADDISON	F&B DIRECTOR	40.00	Highest	$124,858	$17,113	$141,971
DANIELLE KNIOLA	EXECUTIVE CHEF	40.00	Highest	$185,028	$14,675	$199,703

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	$11,211,648	$12,775,036	$35,786,073	$-1,563,388
2023	$10,185,681	$11,797,766	$31,270,433	$-1,612,085
2022	$9,852,328	$10,964,192	$28,837,939	$-1,111,864
2021	$8,493,887	$9,787,869	$26,468,604	$-1,293,982
2020	$8,396,822	$9,013,707	$22,680,075	$-616,885
2019	$7,987,070	$9,058,431	$19,953,857	$-1,071,361
2018	$8,108,404	$8,877,058	$19,987,605	$-768,654

IMPERIAL GOLF CLUB INC