THE MOORINGS 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

1982

Legal Domicile

Principal Officer

CRAIG L LOPES

Phone

7722311004

Tax Period

2023-10-01 to 2024-09-30

THE MOORINGS CLUB INC, founded in 1982, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $19.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MOORINGS CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE INTERACTION OF MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, FITNESS, SPA, AND DOCK FACILITIES AND SERVICES TO APPROXIMATELY 1,000 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,217,824

Investment Income $896,101

Other Revenue $2,664,177

TOTAL REVENUE $17,778,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,153,538

Fundraising Expenses $0

Other Expenses $9,529,192

TOTAL EXPENSES $19,682,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,778,102	$15,366,480	+0.2%
Expenses	$19,682,730	$17,708,628	+0.1%
Net Income	$-1,904,628	$-2,342,148	-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

322

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

$624,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI SOMMERS	GOVERNOR	1.00	Director	$0	$0	$0
JEB BITTNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNA MACNELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
DALE KEYSER	TREASURER	1.00	Officer Director	$0	$0	$0
JIM FULMER	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JULIE GOODRICH	GOVERNOR	1.00	Director	$0	$0	$0
KATE SCHMIDT	GOVERNOR	1.00	Director	$0	$0	$0
RANDY SONES	GOVERNOR	1.00	Director	$0	$0	$0
CHRIS JOHNS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG L LOPES	GENERAL MANAGER	45.00	Officer	$355,019	$18,217	$373,236
NOELLE CASHMAN	FINANCE DIRECTOR	45.00	Officer	$220,171	$30,618	$250,789
URSULA GUNTER	MEMBERSHIP DIRECTOR	40.00	Highest	$160,031	$19,827	$179,858
CORY MAGGART	FACILITIES DIRECTOR	40.00	Highest	$169,295	$29,808	$199,103
TIMOTHY CLINTON	EXECUTIVE CHEF	40.00	Highest	$135,471	$27,731	$163,202
THOMAS BRINSON	GOLF DIRECTOR	40.00	Highest	$190,481	$22,655	$213,136

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	No data	No data	No data	No data
2024	$17,778,102	$19,682,730	$65,887,750	$-1,904,628
2023	$15,366,480	$17,708,628	$60,949,800	$-2,342,148
2022	$14,265,375	$15,806,397	$58,021,734	$-1,541,022
2021	$13,306,552	$13,722,008	$55,243,084	$-415,456
2020	$12,533,867	$13,176,943	$48,058,216	$-643,076
2019	$12,680,692	$14,053,993	$44,998,363	$-1,373,301
2018	$12,271,534	$13,230,678	$43,910,504	$-959,144