NEW CLUB INC

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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

2019

Legal Domicile

Principal Officer

MATHEW HILL

Phone

5859246464

Tax Period

2023-01-01 to 2023-12-31

NEW CLUB INC, founded in 2019, is a community nonprofit in the Recreation & Sports sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 8% surplus.

Mission

NEW CLUB, INC. (COBBLESTONE CREEK COUNTRY CLUB) EXISTS TO PROMOTE GOLF, SOCIAL AND RECREATIONAL FELLOWSHIP AMONG ITS MEMBERS AND THEIR FAMILIES WHILE OPERATING IN A PROFESSIONAL, FINANCIALLY PRUDENT AND ETHICAL MANNER.

Program Service Accomplishments

Program 1

NEW CLUB INC. (COBBLESTONE CREEK COUNTRY CLUB) IS A PRIVATE COUNTRY CLUB. THE PRIMARY PURPOSE IS TO PROVIDE A SOCIAL ENVIRONMENT INCLUDING GOLF, FOOD AND BEVERAGE AND RELATED 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 $4,468,683

Investment Income $0

Other Revenue $1,183,636

TOTAL REVENUE $5,652,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,832,586

Fundraising Expenses $0

Other Expenses $2,362,900

TOTAL EXPENSES $5,195,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,652,319	$4,345,217	+0.3%
Expenses	$5,195,486	$4,387,953	+0.2%
Net Income	$456,833	$-42,736	-11.7%

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

187

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

$156,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY VANDERSTYNE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATHEW HILL	TREASURER	2.00	Officer Director	$0	$0	$0
DAN O'SHEA	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA SCHOTTLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY MCADAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HESS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN KEENAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK SPATORICO	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE TROTT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHEOL KESSLER	GENERAL MANAGER (EFF 7/23)	40.00	Officer	$47,692	$450	$48,142
AMY SANTINI	GENERAL MANAGER (THRU 6/23)	40.00	Officer	$108,847	$0	$108,847

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	$5,652,319	$5,195,486	$5,273,638	$456,833
2022	$4,345,217	$4,387,953	$3,263,018	$-42,736
2021	$4,361,771	$3,964,377	$2,413,543	$397,394
2020	$2,740,567	$3,141,012	$2,021,571	$-400,445
2019	No data	No data	$1,212,708	No data