LAKESIDE COUNTRY CLUB (EIN 741170526) - 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

1951

Legal Domicile

Principal Officer

MARK TORREY

Phone

2814972226

Tax Period

2023-09-01 to 2024-08-31

LAKESIDE COUNTRY CLUB, founded in 1951, is a mid-sized nonprofit that reported $21.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $28.9M exceeded revenue, resulting in a 32% operating deficit.

Mission

PRIVATE COUNTRY CLUB OPERATED FOR THE BENEFIT OF ITS MEMBERS, PROVIDING FACILITIES SUCH AS A GOLF COURSE, TENNIS COURTS, FITNESS CENTER, POOL AND DINING..

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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 $14,262,448

Investment Income $93,477

Other Revenue $7,484,414

TOTAL REVENUE $21,840,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,557,600

Fundraising Expenses $0

Other Expenses $13,313,405

TOTAL EXPENSES $28,871,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,840,339	$18,400,442	+0.2%
Expenses	$28,871,005	$25,568,927	+0.1%
Net Income	$-7,030,666	$-7,168,485	0.0%

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

445

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

$599,580

Total Directors

Key Employees

$1,495,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAMON DIAMANTARAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN PETER	TREASURER	1.00	Officer Director	$0	$0	$0
PAT BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHEAL PINION	DIRECTOR	1.00	Officer Director	$0	$0	$0
MIKE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM ALLRED	DIRECTOR	1.00	Director	$0	$0	$0
GARY PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
MATT HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM CASEY	DIRECTOR	1.00	Director	$0	$0	$0
TED JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JETT ROMINGER	DIRECTOR	1.00	Director	$0	$0	$0
GORDON RICHARDSON	FORMER PRESIDENT/CURRENT DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LEE	FORMER SECRETARY	0.00	Director	$0	$0	$0
ANDY SMITH	FORMER EX-OFFCIO	0.00	Director	$0	$0	$0
ALAN PATTON	FORMER TREASURER	0.00	Director	$0	$0	$0
JAKE DAVIS	FORMER VP	0.00	Director	$0	$0	$0
CASEY NEWMAN	GENERAL MANANGER	40.00	Officer	$347,638	$7,614	$355,252
MARK TORREY	CFO	40.00	Officer	$228,372	$15,956	$244,328
CW CANFIELD	DIRECTOR OF GOLF	40.00	Key Emp	$364,885	$20,097	$384,982
KENNETH MESSIMER	ASST GOLF PRO	40.00	Key Emp	$255,313	$15,741	$271,054
OTIS SADLER	DIRECTOR OF TENNIS	40.00	Key Emp	$197,557	$7,439	$204,996
ROBERT GRAHAM	EXECUTIVE CHEF	40.00	Key Emp	$239,165	$10,921	$250,086
CHRISTOPHER ALEXANDER	DIRECTOR OF GOLF	40.00	Key Emp	$177,663	$1,305	$178,968
PAUL SMITH	FITNESS DIRECTOR	40.00	Key Emp	$192,779	$12,761	$205,540

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	$21,840,339	$28,871,005	$81,783,151	$-7,030,666
2023	$18,400,442	$25,568,927	$82,821,266	$-7,168,485
2022	$18,994,763	$24,064,300	$71,415,140	$-5,069,537
2021	$18,860,611	$23,493,086	$69,220,529	$-4,632,475
2020	$19,500,633	$18,366,626	$70,053,086	$1,134,007
2019	$23,889,661	$13,317,107	$54,335,953	$10,572,554
2018	$17,262,485	$12,405,324	$20,981,762	$4,857,161

LAKESIDE COUNTRY CLUB