MICHELBOOK ESTATES INC (EIN 930517948) - Form 990 Financial Analysis & Trantor Score

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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

1964

Legal Domicile

Principal Officer

LUCAS MILLER

Phone

5034722129

Tax Period

2024-01-01 to 2024-12-31

MICHELBOOK ESTATES INC, founded in 1964, is a community nonprofit in the Recreation & Sports sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES AN 18-HOLE GOLF COURSE, DINING AND LOUNGE FACILITIES TO ITS 400 ACTIVE MEMBERS, SOLELY FOR THEIR PLEASURE AND RECREATION.

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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 $3,121,197

Investment Income $12,902

Other Revenue $53,762

TOTAL REVENUE $3,187,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,559,477

Fundraising Expenses $0

Program Expenses $3,210,008

Other Expenses $1,650,531

TOTAL EXPENSES $3,210,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,187,861	$2,945,106	+0.1%
Expenses	$3,210,008	$2,937,100	+0.1%
Net Income	$-22,147	$8,006	-3.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES THOMPSON	DIRECTOR	5.00	Director	$0	$0	$0
WESLEY DOMECK	DIRECTOR	5.00	Director	$0	$0	$0
LUCAS MILLER	GENERAL MANAGER	5.00	Officer Director	$0	$0	$0
BRIAN TURNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
REID TRAMELLI	DIRECTOR	5.00	Director	$0	$0	$0
CALLI DALY	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS CARNAHAN	DIRECTOR	5.00	Director	$0	$0	$0
CAROLE BENEDICT	TREASURER	5.00	Officer Director	$0	$0	$0
JENNIFER GOODLING	DIRECTOR	5.00	Director	$0	$0	$0
JANE NEWMAN	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
2024	$3,187,861	$3,210,008	$3,690,477	$-22,147
2023	$2,945,106	$2,937,100	$3,834,019	$8,006
2022	$2,676,550	$2,554,283	$3,483,990	$122,267
2021	$2,530,717	$2,125,912	$3,055,098	$404,805
2020	$2,067,731	$1,987,926	$2,705,912	$79,805
2019	$2,047,457	$2,087,224	$2,543,827	$-39,767
2018	$1,827,069	$1,993,584	$2,359,432	$-166,515

MICHELBOOK ESTATES INC