FRIENDS OF TCC FORMERLY TCHEFUNCTA COUNTRY CLUB (EIN 720544694) - 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

1961

Legal Domicile

Principal Officer

TOWNSEND UNDERHILL

Phone

9858920925

Tax Period

2020-11-01 to 2021-10-31

FRIENDS OF TCC FORMERLY TCHEFUNCTA COUNTRY CLUB, founded in 1961, is a small nonprofit that reported $112K in total revenue in fiscal year 2020. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 1145% operating deficit.

Mission

PROVIDE ITS MEMBERS WITH A FULL RANGE OF COUNTRY CLUB SERVICES

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,171,158

Investment Income $-1,320,997

Other Revenue $262,035

TOTAL REVENUE $112,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $619,101

Fundraising Expenses $0

Other Expenses $778,138

TOTAL EXPENSES $1,397,239

Year-over-Year Comparison

	2020	2019	Change
Revenue	$112,196	$2,278,871	-1.0%
Expenses	$1,397,239	$2,673,085	-0.5%
Net Income	$-1,285,043	$-394,214	+2.3%

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

111

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL HUSSEY	FORMER PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLEY GIBSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD TOURNILLON	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF MAYFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN MANNING	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDY STONE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TOWNSEND UNDERHILL	PRESIDENT	5.00	Officer Director	$0	$0	$0
SIMINE REED	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREL JENKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
KASEY DORR	BOARD MEMBER	2.00	Director	$0	$0	$0

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
2021	$112,196	$1,397,239	No data	$-1,285,043
2020	$2,278,871	$2,673,085	$2,292,970	$-394,214
2019	$2,187,535	$2,569,506	$2,439,909	$-381,971
2018	$2,200,447	$2,336,287	$2,567,707	$-135,840

FRIENDS OF TCC FORMERLY TCHEFUNCTA COUNTRY CLUB