ADIOS GOLF CLUB INC (EIN 592195728) - 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

1981

Legal Domicile

Principal Officer

CHRISTOPHER CATENA

Phone

9545741455

Tax Period

2023-10-01 to 2024-09-30

ADIOS GOLF CLUB INC, founded in 1981, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.2M left a modest 15% surplus.

Mission

PRIVATE CLUB OFFERING A GOLF COURSE, PRO SHOP, CLUBHOUSE, RESTAURANT AND FACILITIES TO ITS MEMBERS AND THEIR GUESTS.

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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 $11,915,913

Investment Income $343,735

Other Revenue $915,498

TOTAL REVENUE $13,175,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,373,662

Fundraising Expenses $0

Other Expenses $5,863,646

TOTAL EXPENSES $11,237,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,175,146	$12,041,442	+0.1%
Expenses	$11,237,308	$10,766,275	+0.0%
Net Income	$1,937,838	$1,275,167	+0.5%

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

N/A

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

$435,131

Total Directors

Key Employees

$531,261

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MARINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDY PETROCELLI JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS GEORGOULIS	SECRETARY	1.00	Officer Director	$0	$0	$0
SPENCER MERINOFF	TREASURER	1.00	Officer Director	$0	$0	$0
GLENN LEE	GM/COO	40.00	Officer	$289,193	$0	$289,193
CYNTHIA R WHITNEY	CFO/HR DIRECTOR	40.00	Officer	$142,613	$3,325	$145,938
JARED ISAACS	GOLF INSTRUCTOR	40.00	Key Emp	$211,889	$2,019	$213,908
SHAWN GIFFORD	DIRECTOR OF GOLF	40.00	Key Emp	$156,208	$0	$156,208
BRIAN HARRIS	FOOD & BEVERAGE DIRECTOR	40.00	Key Emp	$161,145	$0	$161,145
STEVE BERNARD	DIRECTOR OF MAINTENANCE	40.00	Highest	$269,912	$0	$269,912

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	$13,175,146	$11,237,308	$20,649,169	$1,937,838
2023	$12,041,442	$10,766,275	$18,444,908	$1,275,167
2022	$9,646,776	$9,011,834	$16,247,121	$634,942
2021	$8,413,135	$8,183,464	$15,785,104	$229,671
2020	$7,098,453	$7,140,886	$14,985,236	$-42,433
2019	$7,725,247	$6,984,875	$15,002,206	$740,372
2018	$7,464,804	$6,728,410	$14,903,540	$736,394

ADIOS GOLF CLUB INC