ROYAL OAKS COUNTRY CLUB

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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

1945

Legal Domicile

Principal Officer

MARCIA LAFOND

Phone

3602561250

Tax Period

2024-04-01 to 2025-03-31

ROYAL OAKS COUNTRY CLUB, founded in 1945, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Expenses of $8.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

ENTITY IS A SOCIAL CLUB ORGANIZED FOR EXEMPT PURPOSES UNDER IRC CODE SECTION 501(C)(7) SERVING 736 MEMBERS. AS A SOCIAL CLUB, THE CLUB RAISES REVENUES PRIMARILY FROM ITS MEMBERS THROUGH THEIR USE OF CLUB FACILITIES AND IN CONNECTION WITH CLUB ACTIVITIES. REVENUES RAISED ARE USED TO OPERATE THE GOLF COURSE AND CLUB FACILITIES FOR THE BENEFIT OF CLUB MEMBERS AND THEIR GUESTS. THE CLUB HAS NOT BEEN REQUIRED TO COMPLETE PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS, IN PAST YEARS.

Program Service Accomplishments

Program 1

THE CLUB OFFERED A PREMIER GOLFING EXPERIENCE ALONGSIDE OPPORTUNITIES FOR VIBRANT SOCIAL CONNECTIONS AMONG A DIVERSE MEMBERSHIP.

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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 $5,071,630

Investment Income $150,461

Other Revenue $1,833,592

TOTAL REVENUE $7,055,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,207,280

Fundraising Expenses $0

Other Expenses $3,134,461

TOTAL EXPENSES $8,341,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,055,683	$7,319,543	0.0%
Expenses	$8,341,741	$8,259,455	+0.0%
Net Income	$-1,286,058	$-939,912	+0.4%

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

167

Volunteers

150

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

$285,722

Total Directors

Key Employees

$446,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG BANKS	DIRECTOR	2.00	Director	$0	$0	$0
PAT HORTSCH	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALBERT SCHLOTFELDT	EX-OFFICIO	2.00	Officer Director	$0	$0	$0
BRAD RECKORD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEREK WHITE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DANE ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
MIKE CZAJKA	DIRECTOR	2.00	Director	$0	$0	$0
DON RUSSO	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW LEE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MOORE	DIRECTOR	2.00	Director	$0	$0	$0
MARCIA LAFOND	CLUB MANAGER	40.00	Officer	$168,751	$14,114	$182,865
TAMI BRINGMAN	CONTROLLER	30.00	Officer	$94,000	$8,857	$102,857
GORDON KIYOKAWA	GREENS SUPERINTENDENT	40.00	Key Emp	$222,255	$34,461	$256,716
SCOTT LERITZ	HEAD GOLF PROFESSIONAL	40.00	Key Emp	$182,913	$6,772	$189,685

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	$7,055,683	$8,341,741	$10,852,145	$-1,286,058
2024	$7,319,543	$8,259,455	$9,935,206	$-939,912
2023	$4,801,060	$5,773,167	$8,992,422	$-972,107
2022	$4,390,626	$5,301,202	$8,489,415	$-910,576
2021	$3,769,764	$4,196,820	$7,953,214	$-427,056
2020	$4,074,899	$4,785,668	$7,124,648	$-710,769