TERRAVITA COUNTRY 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

1998

Legal Domicile

Principal Officer

DUANE FURUKAWA

Phone

4804883456

Tax Period

2024-05-01 to 2025-04-30

TERRAVITA COUNTRY CLUB INC, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $7.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.1M left a modest 14% surplus.

Mission

TO PRESERVE, ENHANCE AND EXPAND THE SERVICES, FUNCTIONS AND PHYSICAL FACILITIES PROVIDED FOR OUR MEMBERS WITH THE APPROPRIATE FISCAL RESPONSIBILITY. THE QUALITY OF THE CLUB EXPERIENCE IS OUR FIRST PRIORITY.

Program Service Accomplishments

Program 1

TO PROVIDE SOCIAL & RECREATIONAL ACTIVITIES TO APPROXIMATELY 1,380 MEMBERSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,920,151

Investment Income $137,071

Other Revenue $977,953

TOTAL REVENUE $7,035,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,353,599

Fundraising Expenses $0

Other Expenses $2,724,381

TOTAL EXPENSES $6,077,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,035,175	$6,386,168	+0.1%
Expenses	$6,077,980	$5,889,142	+0.0%
Net Income	$957,195	$497,026	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WEINER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL GREIG	TREASURER	2.00	Director	$0	$0	$0
SHARON FOSTER	SECRETARY	2.00	Director	$0	$0	$0
DUANE FURUKAWA	DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL GASS	DIRECTOR	2.00	Director	$0	$0	$0
JON FARIS	DIRECTOR	2.00	Director	$0	$0	$0
GARY GEMOLL	PRESIDENT	5.00	Officer 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
2025	$7,035,175	$6,077,980	$19,158,171	$957,195
2024	$6,386,168	$5,889,142	$18,410,584	$497,026
2023	$5,618,929	$5,426,975	$17,748,805	$191,954
2022	$5,225,595	$4,932,299	$17,616,729	$293,296
2021	$4,985,142	$4,215,245	$17,362,184	$769,897