LAKE MERCED GOLF CLUB (EIN 940615130) - 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

1922

Legal Domicile

Principal Officer

WILSON LEUNG

Phone

6507752233

Tax Period

2024-01-01 to 2024-12-31

LAKE MERCED GOLF CLUB, founded in 1922, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Expenses of $14.0M left a modest 5% surplus.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT 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 $12,635,561

Investment Income $90,529

Other Revenue $1,977,228

TOTAL REVENUE $14,703,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,772,363

Fundraising Expenses $0

Other Expenses $6,184,514

TOTAL EXPENSES $13,956,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,703,318	$15,411,757	0.0%
Expenses	$13,956,877	$13,998,309	0.0%
Net Income	$746,441	$1,413,448	-0.5%

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

183

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

$508,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY YEE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
JARED POTTER	SECRETARY	1.00	Officer Director	$0	$0	$0
CLIFFORD LAI	CFO	1.00	Officer Director	$0	$0	$0
WILSON LEUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIP JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK CAMPION	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LEUNG	DIRECTOR	1.00	Director	$0	$0	$0
ADAM STALEY	DIRECTOR	1.00	Director	$0	$0	$0
NICK BAILEY	GENERAL MANAGER	40.00	Officer	$465,362	$43,124	$508,486
MATTHEW DACHOWSKI	GOLF COURSE SUPERINTENDENT	40.00	Highest	$363,857	$32,379	$396,236
PATRICK STEFFES	HEAD GOLF PROFESSIONAL	40.00	Highest	$288,449	$17,227	$305,676
ROBERT MAZER	FOOD AND BEVERAGE MANAGER	40.00	Highest	$156,268	$16,308	$172,576
BRIAN PAUL	MEMBERSHIP DIRECTOR	1.00	Highest	$143,796	$6,996	$150,792
KIMBERLY WILCOX	CONTROLLER	40.00	Highest	$138,681	$9,836	$148,517

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	$14,703,318	$13,956,877	$30,677,080	$746,441
2023	$15,411,757	$13,998,309	$31,967,420	$1,413,448
2022	$9,676,216	$12,554,475	$32,240,497	$-2,878,259
2021	$11,360,590	$9,529,151	$22,000,882	$1,831,439
2020	$8,584,005	$7,463,402	$15,607,939	$1,120,603
2019	$7,834,920	$8,446,946	$14,501,371	$-612,026
2018	$7,509,732	$7,596,574	$15,309,726	$-86,842

LAKE MERCED GOLF CLUB