INTERLACHEN COUNTRY CLUB INC (EIN 592256487) - 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

1983

Legal Domicile

Principal Officer

BARRY HERMAN

Phone

4076570850

Tax Period

2023-10-01 to 2024-09-30

INTERLACHEN COUNTRY CLUB INC, founded in 1983, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2023. Expenses of $17.0M exceeded revenue, resulting in a 11% 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 $12,644,002

Investment Income $76,934

Other Revenue $2,571,751

TOTAL REVENUE $15,292,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,447,198

Fundraising Expenses $0

Other Expenses $6,586,369

TOTAL EXPENSES $17,033,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,292,687	$14,588,161	+0.0%
Expenses	$17,033,567	$15,948,668	+0.1%
Net Income	$-1,740,880	$-1,360,507	+0.3%

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

332

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

$851,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HAVRON	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT COHEN	VICE PRESIDENT (THROUGH 11/23)/DIRECTOR (AS OF 11/	3.00	Officer Director	$0	$0	$0
MATTHEW CERTO	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARDS FORD	SECRETARY	2.00	Officer Director	$0	$0	$0
HERBERT MILNER	VICE PRESIDENT (AS OF 11/23)	3.00	Officer Director	$0	$0	$0
MICHAEL GRINDSTAFF	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MEIGAN PUTNAM	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM TAULBEE II	DIRECTOR	1.00	Director	$0	$0	$0
BARRY HERMAN	GENERAL MANAGER	45.00	Officer	$599,788	$49,009	$648,797
WENDY THOMAS	DIRECTOR OF FINANCE	45.00	Officer	$170,797	$31,582	$202,379
BRENDAN CLARK	ASSTISTANT GENERAL MANAGER	45.00	Highest	$158,225	$27,468	$185,693
MICHAEL JAY KENNEDY	GOLF PRO	40.00	Highest	$191,679	$24,420	$216,099
BRYCE GIBSON	GOLF SUPERINTENDENT	40.00	Highest	$177,709	$17,938	$195,647
JEREMY JACK	DIRECTOR OF TENNIS	40.00	Highest	$374,049	$42,558	$416,607
DANIEL GIROUX	EXECUTIVE CHEF	45.00	Highest	$189,224	$26,579	$215,803

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	$15,292,687	$17,033,567	$38,250,216	$-1,740,880
2023	$14,588,161	$15,948,668	$25,817,456	$-1,360,507
2022	$13,684,461	$14,988,731	$30,077,655	$-1,304,270
2021	$12,924,524	$13,322,421	$29,917,425	$-397,897
2020	$11,282,188	$12,607,742	$28,148,278	$-1,325,554
2019	$11,077,754	$12,712,822	$27,388,007	$-1,635,068
2018	$10,169,053	$12,255,428	$26,123,971	$-2,086,375

INTERLACHEN COUNTRY CLUB INC