TWIN LAKES GOLF & 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

1968

Legal Domicile

Principal Officer

TOM COBURN

Phone

2538380432

Tax Period

2023-01-01 to 2023-12-31

TWIN LAKES GOLF & COUNTRY CLUB, founded in 1968, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 9% surplus.

Mission

PROVIDING RECREATIONAL FACILITIES FOR MEMBERS

Program Service Accomplishments

Program 1

Expenses: $3,578,810

THE PURPOSE OF THE CLUB IS TO PROVIDE AND MAINTAIN THE GROUNDS, FACILITIES, AND SERVICES FOR ITS MEMBERS, THEIR IMMEDIATE FAMILY, AND GUESTS TO ENJOY AND PROMOTE THE GAME OF GOLF AND OTHER RECREATION SPORTS, SUCH AS SWIMMING AND TENNIS AND TO ENJOY THE SOCIAL AMENITIES AND ACTIVITIES PROVIDED.

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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 $3,894,550

Investment Income $14,914

Other Revenue $31,691

TOTAL REVENUE $3,941,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,928,256

Fundraising Expenses $0

Program Expenses $3,578,810

Other Expenses $1,650,554

TOTAL EXPENSES $3,578,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,941,155	$3,327,919	+0.2%
Expenses	$3,578,810	$3,469,127	+0.0%
Net Income	$362,345	$-141,208	-3.6%

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

Volunteers

N/A

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

$126,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYCE LANDRUD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TRACE HARRELL	SECRETARY	5.00	Director	$0	$0	$0
ISAAC CANO	TRUSTEE	3.00	Director	$0	$0	$0
JEFF EBERLE	TRUSTEE	3.00	Director	$0	$0	$0
DENISE HARRELL	TRUSTEE	3.00	Director	$0	$0	$0
RICH PRICE	TRUSTEE	3.00	Director	$0	$0	$0
TIM SCHEUFFELE	TRUSTEE	3.00	Director	$0	$0	$0
DAN SMITH	TRUSTEE	3.00	Director	$0	$0	$0
TOM COBURN	GENERAL MANAGER	3.00	Director	$0	$0	$0
DAVID HOBSON	GENERAL MANAGER	40.00	Officer	$126,587	$0	$126,587

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	$3,941,155	$3,578,810	$2,504,782	$362,345
2022	$3,327,919	$3,469,127	$2,098,493	$-141,208
2021	$3,147,877	$2,841,885	$2,262,157	$305,992
2020	$2,563,520	$2,461,282	$1,519,836	$102,238
2019	$2,870,831	$2,987,837	$1,702,573	$-117,006
2018	$2,809,905	$2,942,372	$1,639,363	$-132,467