VENICE GOLF AND COUNTRY CLUB INC (EIN 650223681) - 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

1990

Legal Domicile

Principal Officer

TIMOTHY MADIGAN

Phone

9414929600

Tax Period

2023-01-01 to 2023-12-31

VENICE GOLF AND COUNTRY CLUB INC, founded in 1990, is a community nonprofit in the Recreation & Sports sector that reported $6.8M in total revenue in fiscal year 2023. Expenses of $8.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

SOCIAL CLUB ACTIVITIES.

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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 $4,814,102

Investment Income $91,798

Other Revenue $1,925,692

TOTAL REVENUE $6,831,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,267,471

Fundraising Expenses $0

Other Expenses $4,323,470

TOTAL EXPENSES $8,590,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,831,592	$6,431,756	+0.1%
Expenses	$8,590,941	$8,349,889	+0.0%
Net Income	$-1,759,349	$-1,918,133	-0.1%

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

154

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

Total Directors

Key Employees

$452,227

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNDY GILCHREST	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREA CAMPBELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE MADIGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DUNCAN MACKEEN	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLIE FITZPATRICK	DIRECTOR	2.00	Director	$0	$0	$0
HERBERT ORMSBEE	DIRECTOR	2.00	Director	$0	$0	$0
JOE BLATTNER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE STAMATAKOS	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JIM SCHELL	GENERAL MANAGER	40.00	Key Emp	$271,087	$19,471	$290,558
RUTHANNE SKOWRONSKI	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$146,797	$14,872	$161,669
NICHOLAS FLYNN	EMPLOYEE	40.00	Highest	$126,486	$10,143	$136,629
MICHAEL PASILLA	EMPLOYEE	40.00	Highest	$135,813	$19,345	$155,158
MATTHEW LEFEVER	EMPLOYEE	40.00	Highest	$114,005	$17,810	$131,815
ALBERT MASSA	EMPLOYEE	40.00	Highest	$146,972	$16,871	$163,843

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	No data	No data	No data	No data
2023	$6,831,592	$8,590,941	$20,166,011	$-1,759,349
2022	$6,431,756	$8,349,889	$20,989,457	$-1,918,133
2021	$5,844,338	$6,345,420	$20,705,939	$-501,082
2020	$5,421,650	$6,104,588	$18,031,621	$-682,938
2019	$5,486,860	$6,420,732	$17,773,421	$-933,872
2018	$5,206,230	$6,142,064	$12,767,728	$-935,834

VENICE GOLF AND COUNTRY CLUB INC