HARBOUR RIDGE YACHT & COUNTRY CLUB (EIN 650129568) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JILL KELLY

Phone

7723363000

Tax Period

2023-10-01 to 2024-09-30

HARBOUR RIDGE YACHT & COUNTRY CLUB, founded in 1984, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Expenses of $20.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,362,821

Investment Income $268,669

Other Revenue $3,194,873

TOTAL REVENUE $17,826,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,626,407

Fundraising Expenses $0

Other Expenses $10,144,435

TOTAL EXPENSES $20,770,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,826,363	$16,534,002	+0.1%
Expenses	$20,770,842	$19,307,422	+0.1%
Net Income	$-2,944,479	$-2,773,420	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

293

Volunteers

150

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

$710,869

Total Directors

Key Employees

$276,851

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL KELLY	DIRECTOR (THROUGH 1/28/24)/PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHLEEN POWELL	SECRETARY (THROUGH 1/28/24)	5.00	Officer Director	$0	$0	$0
WILLIAM W HARRISON JR	SECRETARY (AS OF 1/28/24)	5.00	Officer Director	$0	$0	$0
ANDY HARRIS	TREASURER (THROUGH 1/28/24)	5.00	Officer Director	$0	$0	$0
MICHAEL IMPERIALE	DIRECTOR (THROUGH 1/28/24)/TREASURER (AS OF 1/28/2	5.00	Officer Director	$0	$0	$0
THOMAS DEFAZIO	DIRECTOR	5.00	Director	$0	$0	$0
SARAH MANUS	DIRECTOR	5.00	Director	$0	$0	$0
ELLEN THOMPSON	DIRECTOR	5.00	Director	$0	$0	$0
GREG WARNER	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES WHITE	DIRECTOR	5.00	Director	$0	$0	$0
SHERYL HAYES	DIRECTOR (THROUGH 1/28/24)	5.00	Director	$0	$0	$0
DANIEL ZIVNEY	DIRECTOR (THROUGH 1/28/24)	5.00	Director	$0	$0	$0
THOMAS OLSON	DIRECTOR (THROUGH 6/27/24)	5.00	Director	$0	$0	$0
KENNETH HUNZEKER	DIRECTOR (AS OF 1/28/24)	5.00	Director	$0	$0	$0
GIL ZANCHI	DIRECTOR (AS OF 1/28/24)	5.00	Director	$0	$0	$0
MICHAEL SALERNO	GENERAL MANAGER	50.00	Officer	$400,000	$45,090	$445,090
JEFFREY BELAU	CHIEF FINANCIAL OFFICIAL	50.00	Officer	$248,762	$17,017	$265,779
TIM CANN	DIRECTOR OF GOLF MAINTENANCE	50.00	Key Emp	$271,263	$5,588	$276,851
TERESA SALVAGGIO	FOOD & BEVERAGE DIRECTOR	50.00	Highest	$127,255	$5,588	$132,843
NIKI PLAITIS	HUMAN RESOURCES DIRECTOR	50.00	Highest	$127,877	$5,588	$133,465
LISA DMITI	DIRECTOR OF FITNESS	50.00	Highest	$131,707	$5,588	$137,295
JOHN OLEARY	EXECUTIVE CHEF	50.00	Highest	$180,333	$17,017	$197,350
KALLIE LANGBERG	DIRECTOR OF COMMUNICATIONS	50.00	Highest	$127,873	$17,017	$144,890

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	$17,826,363	$20,770,842	$53,929,069	$-2,944,479
2023	$16,534,002	$19,307,422	$52,219,252	$-2,773,420
2022	$13,335,793	$17,301,868	$49,720,046	$-3,966,075
2021	$11,636,786	$14,497,356	$48,715,310	$-2,860,570
2020	$11,610,137	$14,570,571	$49,238,802	$-2,960,434
2019	$11,632,792	$14,371,918	$49,731,580	$-2,739,126
2018	$11,131,227	$13,530,589	$50,970,823	$-2,399,362

HARBOUR RIDGE YACHT & COUNTRY CLUB