Colony Club

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

27 people listed

ARTHUR MAGUIRE (GENERAL MANAGER TO 9/2024): $659,492 total reported compensation
FRANK GODDEL (CFO): $452,563 total reported compensation
BERNARD LIBERATORE (EXECUTIVE CHEF): $319,396 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To operate as a private social club organized for the members social pleasures.

Tax exempt club activities.

Revenue model: Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 98%; rating input score 98; 29th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: -13.1%; rating input score 8; 8th percentile among comparable filings
Total-asset coverage ratio: 0.87; rating input score 31; 31st percentile among comparable filings
Liabilities to assets ratio: 0.15; rating input score 66; 66th percentile among comparable filings
Officer compensation ratio: 9.9%; rating input score 20; 20th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 5% per year; rating input score 100; 44th percentile among comparable filings
Asset growth: 5.3% per year; rating input score 100; 38th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 20 of 20 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $659K · 27 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $848K reported
Consistency: 14 of 14 current checks pass
Schedules: 5 filed schedules · includes major donors, grants, and executive pay
Filing history: 7 filing years from 2018 to 2024
Contacts: How to reach this organization
Money network: 8 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 8/100.
Review — Accountability: Governance controls: Audit committee oversight not reported.
Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
High — Sustainability: Officer compensation ratio scored 20/100.