LANGLEY, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)USELESS BAY GOLF & COUNTRY CLUB INC, founded in 1967, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 19% operating margin.
PROVIDE A PLACE FOR MEMBERS TO GATHER, SOCIALIZE, RECREATE, AND EXERCISE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,500,102 | $6,033,964 | +0.1% |
| Expenses | $5,246,352 | $5,333,153 | 0.0% |
| Net Income | $1,253,750 | $700,811 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANA BOLLINGER | PRESIDENT | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| DEAN OLMSTEAD | PRESIDENT (THRU 08/24) | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATHAN WARE | VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD SHEETS | TREASURER | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| AL FITZ | SECRETARY | 1.20 |
Officer
Director
|
$0 | $0 | $0 |
| EILEEN BRENNAN | SECRETARY (THRU 08/24) | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LESLIE GRIMM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY MERRITT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEAN OLMSTEAD | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| BOB MCCLAIN | BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| PLATO KARAFELIS | BOARD MEMBER | 1.70 |
Director
|
$0 | $0 | $0 |
| SUE ROCKWELL | BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| STEVE DAVIS | BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| TED HAWKSFORD | GENERAL MANAGER | 40.00 |
Officer
|
$128,926 | $26,172 | $155,098 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,500,102 | $5,246,352 | $7,904,847 | $1,253,750 |
| 2023 | $6,033,964 | $5,333,153 | $6,758,122 | $700,811 |
| 2022 | $3,748,304 | $3,555,370 | $6,576,205 | $192,934 |
| 2021 | $3,416,531 | $2,436,311 | $6,566,298 | $980,220 |
| 2020 | $2,617,281 | $2,050,084 | $4,392,607 | $567,197 |
| 2019 | $2,478,116 | $2,054,800 | $4,039,747 | $423,316 |
Compare USELESS BAY GOLF & COUNTRY CLUB INC with other nonprofits in Washington and across the country.