HERMITAGE MEMBERS CLUB INC

EIN: 850829370 Recreation & Sports

WILMINGTON, VT

Total Revenue
$14,284,321
Total Expenses
$11,195,169
Total Assets
$26,202,535
Net Assets
$24,111,225
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VT
Principal Officer
MATTHEW CARTER
Phone
8022754225
Tax Period
2024-05-01 to 2025-04-30

HERMITAGE MEMBERS CLUB INC, founded in 2019, is a mid-sized nonprofit in the Recreation & Sports sector that reported $14.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 22% operating margin.

Mission

THE HERMITAGE CLUB AT HAYSTACK MOUNTAIN IS A PRIVATE MOUNTAIN CLUB OFFERING WINTER SPORTS RECREATION WITH EXCEPTIONAL SNOW QUALITY AND UNCROWDED SKI SLOPES, WITH A COMMITMENT TO FISCAL RESPONSIBILITY. WE ARE FAMILY-FOCUSED, AND FOSTER A WARM AND INVITING COMMUNITY WHERE OUR MEMBERS DEVELOP LASTING FRIENDSHIPS THROUGH A SHARED ENJOYMENT OF OUR ICONIC SKI LODGE, BEAUTIFUL MOUNTAIN TERRAIN, AND QUALITY AMENITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,512
Program Service Revenue $13,499,064
Investment Income $463,239
Other Revenue $300,506
TOTAL REVENUE $14,284,321

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,665,710
Fundraising Expenses $0
Other Expenses $6,529,459
TOTAL EXPENSES $11,195,169

Year-over-Year Comparison

2024 2023 Change
Revenue $14,284,321 $12,358,341 +0.2%
Expenses $11,195,169 $9,443,327 +0.2%
Net Income $3,089,152 $2,915,014 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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

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Governance

Voting Members
10
Independent Members
10
Employees
420
Volunteers
75

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
4
$0
Total Directors
6
$0
Key Employees
2
$476,347
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS MILLIGAN DIRECTOR 5.00
Director
$0 $0 $0
LISA PACHECO ROBB DIRECTOR 5.00
Director
$0 $0 $0
ALEX NIVELLE DIRECTOR 5.00
Director
$0 $0 $0
JEREMY PICINNI DIRECTOR 5.00
Director
$0 $0 $0
CHRIS CROFT BOARD EMERITUS 5.00
Director
$0 $0 $0
JEFF KOSLOWSKY DIRECTOR 5.00
Director
$0 $0 $0
STUART KOVENSKY PRESIDENT 15.00
Officer
$0 $0 $0
MEGAN HODGSON VICE PRESIDENT 5.00
Officer
$0 $0 $0
JUSTIN BRADBURN TREASURER 5.00
Officer
$0 $0 $0
TIM TREANOR SECRETARY 5.00
Officer
$0 $0 $0
WILLIAM BENNEYAN EXECUTIVE DIRECTOR /GM 60.00
Key Emp
$294,231 $0 $294,231
PAUL JORDAN DIRECTOR OF CLUBHOUSE OPERATIONS 60.00
Key Emp
$182,116 $0 $182,116
AARON SHERRITT DIRECTOR OF MOUNTAIN OPERA 60.00
Highest
$149,558 $0 $149,558
MATTHEW CARTER CEO 40.00
Highest
$108,034 $0 $108,034
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
2025 $14,284,321 $11,195,169 $26,202,535 $3,089,152
2024 $12,358,341 $9,443,327 $23,884,888 $2,915,014
2023 $12,180,959 $7,932,695 $21,315,373 $4,248,264
2022 $12,455,538 $7,013,226 $17,351,315 $5,442,312
2021 $7,728,520 $6,648,198 $15,825,561 $1,080,322
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