GROVE XXIII GOLF CLUB INC (EIN 821846550) - 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

2017

Legal Domicile

Principal Officer

KEN WEYAND

Phone

7724972300

Tax Period

2023-01-01 to 2023-12-31

GROVE XXIII GOLF CLUB INC, founded in 2017, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $16.7M exceeded revenue, resulting in a 61% operating deficit.

Mission

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

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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 $8,579,332

Investment Income $-4,437

Other Revenue $1,765,269

TOTAL REVENUE $10,340,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,324,591

Fundraising Expenses $0

Other Expenses $10,337,414

TOTAL EXPENSES $16,662,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,340,164	$8,505,413	+0.2%
Expenses	$16,662,005	$14,640,679	+0.1%
Net Income	$-6,321,841	$-6,135,266	+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

121

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

$756,900

Total Directors

$531,916

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN WEYAND	PRESIDENT	40.00	Officer Director	$503,615	$28,301	$531,916
MICHAEL JORDAN	DIRECTOR	3.00	Director	$0	$0	$0
CURTIS POLK	DIRECTOR	3.00	Director	$0	$0	$0
KERRI MILAN	CFO	40.00	Officer	$197,473	$27,511	$224,984
GREG PHENEGER	GROUNDS SUPERINTENDENT	50.00	Highest	$266,515	$17,585	$284,100

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	$10,340,164	$16,662,005	$56,718,786	$-6,321,841
2022	$8,505,413	$14,640,679	$54,599,309	$-6,135,266
2021	$6,137,179	$12,463,728	$56,709,456	$-6,326,549
2020	$2,791,333	$10,415,979	$46,593,667	$-7,624,646
2019	$197,448	$5,261,708	$25,188,731	$-5,064,260

GROVE XXIII GOLF CLUB INC