Spring Brook Country Club
Nonprofit profile at a glance
- EIN
- 221298220
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Morristown, NJ, USA
- Phone
- 9735396660
- Rating confidence
- Limited
Reported finances
- Revenue
- $12,956,142
- Expenses
- $10,477,928
- Assets
- $20,451,564
- Liabilities
- $10,016,953
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- JOHN MUSTION (PRESIDENT)
- DAVE ALBRIGHT (VICE PRESIDENT)
Highest reported compensation
- HRISTO LUKOV (CURRENT - GM/COO): $235,891 total reported compensation
- JOSEPH SCIOSCIA (GREENS SUPER): $206,668 total reported compensation
- RICHARD VIOLANTE (DIRECTOR OF FINANCE): $190,182 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
Tax exempt club activities.
Operating model
- Revenue model
- Earned-program. 99% 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 88
- Accountability: 95
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.1%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.95; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 10.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $236K · 17 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $167K reported
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.