The Misquamicut Club
Nonprofit profile at a glance
- EIN
- 050183985
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Westerly, RI, USA
- Phone
- 4013488577
- Rating confidence
- Limited
Reported finances
- Revenue
- $8,728,169
- Expenses
- $7,563,730
- Assets
- $17,298,999
- Liabilities
- $11,059,371
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- JOHN B DAUKAS JR (PRESIDENT)
- JOAN BETH BROWN (VICE PRESIDENT)
- F GREGORY AHERN (VICE PRESIDENT)
- LAURA LAZARUS (VICE PRESIDENT)
- THOMAS P KELLOGG (VICE PRESIDENT)
- THOMAS D O'CONNOR JR (VICE PRESIDENT)
Highest reported compensation
- PHILIP KORETSKI (GENERAL MANAGER): $317,332 total reported compensation
- DEAN BOZAK (GOLF COURSE SUPERINTENDENT): $239,535 total reported compensation
- ANTHONY FRATTARELLI (CFO): $205,610 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A private country club providing golf, tennis, swimming, food and beverage service for its members and their guests.
What it reported doing in 2024
Food and beverage operation - to provide members and their guests with an opportunity for dining and socializing.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating 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: 75
- Accountability: 79
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 5th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 13.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.29; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 12.3%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 21 of 21 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $317K · 25 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $704K reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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: 4 of 8 not reported.
- Moderate — Transparency & Controls: Schedule M noncash within contributions did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 24/100.