RIVER OAKS COUNTRY CLUB

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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

1923

Legal Domicile

Principal Officer

CJ BENDY JR

Phone

7135294321

Tax Period

2023-01-01 to 2023-12-31

RIVER OAKS COUNTRY CLUB, founded in 1923, is a mid-sized nonprofit that reported $34.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $43.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

RIVER OAKS COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

RIVER OAKS PROVIDES GOLF, TENNIS, SWIMMING, AND FITNESS ACTIVITIES FOR ITS MEMBERS

Program 2

RIVER OAKS PROVIDES A RESTAURANT AND BAR FOR ITS MEMBERS

Program 3

RIVER OAKS PROVIDES LOCKER ROOMS FOR ITS 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 $21,916,363

Investment Income $51,617

Other Revenue $12,656,839

TOTAL REVENUE $34,624,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,579,389

Fundraising Expenses $0

Other Expenses $20,068,834

TOTAL EXPENSES $43,648,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,624,819	$30,901,899	+0.1%
Expenses	$43,648,223	$35,680,836	+0.2%
Net Income	$-9,023,404	$-4,778,937	+0.9%

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

611

Volunteers

140

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

$896,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CJ BENDY JR	COO/GENERAL MANAGER	60.0	Officer	$625,257	$46,325	$671,582
MATTHEW SWARTS	DIRECTOR OF GOLF	50.0	Highest	$470,644	$41,383	$512,027
CHARLES M CARROLL	EXECUTIVE CHEF	50.0	Highest	$356,693	$37,266	$393,959
CHRISTOPHER GALE	DIRECTOR OF RACQUETS	50.0	Highest	$297,506	$31,055	$328,561
DAVID ROBERTSON	GOLF COURSE SUPERINTENDENT	50.0	Highest	$278,345	$24,850	$303,195
BENJAMIN W PECK	CFO	50.0	Officer	$196,913	$28,198	$225,111
BRIAN SETTE	CLUB MANAGER	50.0	Highest	$162,002	$6,300	$168,302
CYNTHIA ADKINS	Director(01/23-03/23)	2.0	Director	$0	$0	$0
MEREDITH BARINEAU	Secretary	2.0	Officer Director	$0	$0	$0
MARY ELLEN BOS	Director(01/23-03/23)	2.0	Director	$0	$0	$0
JOHN EADS	Past-President(01/23-03/23)	2.0	Director	$0	$0	$0
JIM FLORES	TREASURER(01/23-3/23)	2.0	Director	$0	$0	$0
FREDERIC GAUTIER	Treasurer(04/23-12/23)	2.0	Officer Director	$0	$0	$0
KATHLEEN GRAF	DIRECTOR	2.0	Director	$0	$0	$0
ANDY GRISEBAUM	DIRECTOR	2.0	Director	$0	$0	$0
MARK HAMMER	President(01/23-03/23)	2.0	Officer Director	$0	$0	$0
JIMMY MCCARTNEY	Director(01/23-03/23)	2.0	Director	$0	$0	$0
JONATHAN NELSON	DIRECTOR	2.0	Director	$0	$0	$0
BILL PUGH	President(4/23-12/23)	2.0	Officer Director	$0	$0	$0
DAN PARSLEY	Vice President	2.0	Officer Director	$0	$0	$0
Laura Cale	Director(04/23-12/23)	2.0	Director	$0	$0	$0
Ronald Cuenod	Director(04/23-12/23)	2.0	Director	$0	$0	$0
Paul Thompson	Director(04/23-12/23)	2.0	Director	$0	$0	$0
John Wallace	Director(04/23-12/23)	2.0	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
2024	No data	No data	No data	No data
2023	$34,624,819	$43,648,223	$91,696,509	$-9,023,404
2022	$30,901,899	$35,680,836	$94,383,228	$-4,778,937
2022	$30,901,899	$35,680,836	$94,383,228	$-4,778,937
2021	$29,469,284	$31,296,184	$73,616,610	$-1,826,900
2021	$29,469,284	$31,296,184	$73,616,610	$-1,826,900
2020	$22,504,283	$29,373,136	$70,575,208	$-6,868,853
2019	$29,449,327	$32,573,106	$76,758,491	$-3,123,779
2018	$33,728,374	$32,341,204	$63,620,734	$1,387,170