Civic Intelligence

The Town Club

EIN 93-0298400 • 501(c)7 • Portland, OR

Profile

Private membership social club whose activities are solely for the recreation, pleasure and other nonprofitable purposes of its members.

2115 SW Salmon StreetPortland, OR 97205-1559

www.thetownclub.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.02x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

9th percentile

0.06x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

70th percentile

10%

Higher net margin than 70% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$143,816

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Asset Growth

62nd percentile

4.5%

Faster asset growth than 62% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

3.1%

Faster revenue growth than 38% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,681,109

Up $328,556 (+4.5%) from 2023

Liabilities

Down

$120,055

Down $157,356 (-57%) from 2023

Net Assets

Up

$7,561,054

Up $485,912 (+6.9%) from 2023

Revenue

Up

$1,939,691

Up $57,465 (+3.1%) from 2023

Expenses

Up

$1,742,080

Up $22,735 (+1.3%) from 2023

Net Income

Up

$197,611

Up $34,730 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,535,570Liabilities 2010: $167,945Net Assets 2010: $3,367,6252010Assets 2011: $3,739,447Liabilities 2011: $128,562Net Assets 2011: $3,610,8852011Assets 2012: $3,804,404Liabilities 2012: $73,199Net Assets 2012: $3,731,2052012Assets 2013: $4,094,332Liabilities 2013: $85,487Net Assets 2013: $4,008,8452013Assets 2014: $4,461,240Liabilities 2014: $65,528Net Assets 2014: $4,395,7122014Assets 2015: $4,621,085Liabilities 2015: $62,119Net Assets 2015: $4,558,9662015Assets 2016: $4,913,214Liabilities 2016: $56,351Net Assets 2016: $4,856,8632016Assets 2017: $5,449,673Liabilities 2017: $52,758Net Assets 2017: $5,396,9152017Assets 2018: $5,665,896Liabilities 2018: $55,272Net Assets 2018: $5,610,6242018Assets 2019: $6,224,852Liabilities 2019: $68,724Net Assets 2019: $6,156,1282019Assets 2020: $6,488,787Liabilities 2020: $53,307Net Assets 2020: $6,435,4802020Assets 2021: $7,469,942Liabilities 2021: $53,499Net Assets 2021: $7,416,4432021Assets 2022: $7,247,441Liabilities 2022: $273,991Net Assets 2022: $6,973,4502022Assets 2023: $7,352,553Liabilities 2023: $277,411Net Assets 2023: $7,075,1422023Assets 2024: $7,681,109Liabilities 2024: $120,055Net Assets 2024: $7,561,0542024

Highlighted filing

2024

Assets$7,681,109
Liabilities$120,055
Net Assets$7,561,054

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,144,1172010Expenses 2011: $1,143,4332011Expenses 2012: $1,299,1352012Expenses 2013: $1,240,6202013Revenue 2014: $1,548,324Expenses 2014: $1,222,915Net Income 2014: $325,4092014Revenue 2015: $1,361,938Expenses 2015: $1,154,473Net Income 2015: $207,4652015Revenue 2016: $1,476,594Expenses 2016: $1,162,082Net Income 2016: $314,5122016Revenue 2017: $1,509,487Expenses 2017: $1,162,204Net Income 2017: $347,2832017Revenue 2018: $1,575,969Expenses 2018: $1,369,279Net Income 2018: $206,6902018Revenue 2019: $1,790,589Expenses 2019: $1,376,505Net Income 2019: $414,0842019Revenue 2020: $1,628,812Expenses 2020: $1,376,605Net Income 2020: $252,2072020Revenue 2021: $1,829,532Expenses 2021: $1,425,816Net Income 2021: $403,7162021Revenue 2022: $1,773,282Expenses 2022: $1,519,226Net Income 2022: $254,0562022Revenue 2023: $1,882,226Expenses 2023: $1,719,345Net Income 2023: $162,8812023Revenue 2024: $1,939,691Expenses 2024: $1,742,080Net Income 2024: $197,6112024

Highlighted filing

2024

Revenue$1,939,691
Expenses$1,742,080
Net Income$197,611

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.12$7.56$1.94$1.74$0.20
2023Detailed filing. Detailed filing data is available for this year.$7.35$0.28$7.08$1.88$1.72$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.25$0.27$6.97$1.77$1.52$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.47$0.05$7.42$1.83$1.43$0.40
2020Detailed filing. Detailed filing data is available for this year.$6.49$0.05$6.44$1.63$1.38$0.25
2019Detailed filing. Detailed filing data is available for this year.$6.22$0.07$6.16$1.79$1.38$0.41
2018Detailed filing. Detailed filing data is available for this year.$5.67$0.06$5.61$1.58$1.37$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.45$0.05$5.40$1.51$1.16$0.35
2016Detailed filing. Detailed filing data is available for this year.$4.91$0.06$4.86$1.48$1.16$0.31
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.06$4.56$1.36$1.15$0.21
2014Detailed filing. Detailed filing data is available for this year.$4.46$0.07$4.40$1.55$1.22$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$0.09$4.01$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.07$3.73$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.13$3.61$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.17$3.37$1.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 2, 2025
Return Version
2023v6.0
Gross Receipts
$4,298,564
Mission and Program Overview

Mission

Private membership social club whose activities are solely for the recreation, pleasure and other nonprofitable purposes of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,570,922$4,139,873▲ $568,951
Land, Buildings, and Equipment, Net$2,763,879$2,951,624▲ $187,745
Savings and Temporary Cash Investments$530,348$373,508▼ $156,840
Accounts Receivable$124,441$84,048▼ $40,393
Prepaid Expenses and Deferred Charges$88,860$82,519▼ $6,341
Inventories for Sale or Use$39,383$35,017▼ $4,366
Cash and Non-Interest-Bearing Accounts$234,720$14,520▼ $220,200
Total Assets$7,352,553$7,681,109▲ $328,556
Liabilities
Accounts Payable and Accrued Expenses$277,411$120,055▼ $157,356
Total Liabilities$277,411$120,055▼ $157,356
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,321,145$5,564,363▲ $243,218
Net Assets With Donor Restrictions$1,753,997$1,996,691▲ $242,694
Total Net Assets Fund Balance$7,075,142$7,561,054▲ $485,912
Total Liabilities and Net Assets / Fund Balance$7,352,553$7,681,109▲ $328,556

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,533,079$1,533,588$3,066,667
Other Land Buildings$1,299,112$1,234,678$2,075,143
Land$119,433-$119,433
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Cindy NorstromGeneral Mana$125,568$18,248$143,816

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$27,224
Program Service Revenue
$1,492,092
Investment Income
$385,771
Other Revenue
$34,604
Change in Net Assets
$197,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,739,441
Revenue Not Reported on Financial Statements
$200,250
Revenue Not Reported on Form 990
$1,106,721
Other Revenue Adjustments
$200,250
Total Revenue per Audited Statements
$2,846,162
Total Revenue per Form 990
$1,939,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$874,570
Salaries, Compensation, and Employee Benefits$867,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$440,830
Depreciation Depletion---$168,677
Other Employee Benefits---$136,654
Payroll Taxes---$128,101
Current Officers, Directors, Trustees, and Key Employees---$125,568
Insurance---$97,867
Other Expenses---$68,369
Occupancy---$68,036
Fees for Service Investment Mgmnt Fees---$38,469
Pension Plan Contributions---$36,357
Office Expenses---$31,021
Information Technology---$30,945
All Other Expenses---$17,017
Fees for Services Other---$13,099
Total Functional Expenses$0$0$0$1,742,080

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,560,500
Expenses per Audited Statements$1,742,080
Total Expenses per Form 990$1,742,080
Expenses Not Reported on Form 990$818,420
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

All members are individuals

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the general manager before filing and copies are provided to governing body after filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to annually disclose potential conflicts of interest. The finance committee monitors conflicts of interest on a ongoing basis.

Form 990, Page 6, Part VI, Line 15A

On an annual basis the governing board reviews the general manager's compensation and considers many factors including but not limited to performance, length of service and comparable compensation in similar organizations. As part of the review the board obtains information on comparable salaries paid by other social clubs.

Form 990, Page 6, Part VI, Line 19

Governing documents, financial statements and policies are only available to management, board of governors and to members upon request.

Filing and Contact Details

Filer

Filer Name
The Town Club
EIN
93-0298400
Phone
5032264084
Address
2115 SW SALMON STREET, PORTLAND, OR 97205-1559

Signing Officer

Name
Cindy Norstrom
Title
General Manager
Phone
5032264084
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs Richard Church
Formed
1928
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
42

Preparer

Firm
ROSTAD & ENGLISH CPA'S PC
Address
8405 SW BARBUR BLVD, PORTLAND, OR 97219
Preparer
Michael W English
Phone
5039772266
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The club is exempt from federal and state income taxes under section 501 (c)(7) of the internal revenue code and is not a private foundation, and therefore no provision for federal income taxes has been made. However, federal, state and local taxes are assessed on interest and dividend income and from realized gains from the club's investments and non-member business. Management believes that there are no uncertain tax positions. The club's tax returns remain subject to audit by the irs for three years after filing. At october 31, 2024, the returns for tax years, 2020, 2021, 2022 and 2023 remain open.

Schedule D, Page 4, Part XI, Line 2D

Dining room expenses offset to revenue 818,420

Schedule D, Page 4, Part XI, Line 4B

New member capital assessments 200,250

Schedule D, Page 4, Part XII, Line 2D

Dining room expenses offset to revenue 818,420

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalRevenueAmt01882226
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02075143
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IRS990ScheduleD/RevenueNotReportedAmt01106721
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0200250
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION, AND THEREFORE NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. HOWEVER, FEDERAL, STATE AND LOCAL TAXES ARE ASSESSED ON INTEREST AND DIVIDEND INCOME AND FROM REALIZED GAINS FROM THE CLUB'S INVESTMENTS AND NON-MEMBER BUSINESS. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE CLUB'S TAX RETURNS REMAIN SUBJECT TO AUDIT BY THE IRS FOR THREE YEARS AFTER FILING. AT OCTOBER 31, 2024, THE RETURNS FOR TAX YEARS, 2020, 2021, 2022 AND 2023 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DINING ROOM EXPENSES OFFSET TO REVENUE 818,420
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NEW MEMBER CAPITAL ASSESSMENTS 200,250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DINING ROOM EXPENSES OFFSET TO REVENUE 818,420
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE INDIVIDUALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE GENERAL MANAGER BEFORE FILING AND COPIES ARE PROVIDED TO GOVERNING BODY AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE MONITORS CONFLICTS OF INTEREST ON A ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS THE GOVERNING BOARD REVIEWS THE GENERAL MANAGER'S COMPENSATION AND CONSIDERS MANY FACTORS INCLUDING BUT NOT LIMITED TO PERFORMANCE, LENGTH OF SERVICE AND COMPARABLE COMPENSATION IN SIMILAR ORGANIZATIONS. AS PART OF THE REVIEW THE BOARD OBTAINS INFORMATION ON COMPARABLE SALARIES PAID BY OTHER SOCIAL CLUBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE ONLY AVAILABLE TO MANAGEMENT, BOARD OF GOVERNORS AND TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/EOYAmt0120055
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IRS990/TotalOtherCompensationAmt018248
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IRS990/TotalReportableCompFromOrgAmt0125568
IRS990/TotalRevenueGrp/ExclusionAmt062094
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01591456
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01939691
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0258917
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07352553
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07681109
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02115 SW SALMON ST
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THETOWNCLUB.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY NORSTROM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05032264084
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TOWN CLUB
ReturnHeader/Filer/BusinessNameControlTxt0TOWN
ReturnHeader/Filer/EIN0930298400
ReturnHeader/Filer/PhoneNum05032264084
ReturnHeader/Filer/USAddress/AddressLine1Txt02115 SW SALMON STREET
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd0972051559
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200260950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSTAD & ENGLISH CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08405 SW BARBUR BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097219
ReturnHeader/PreparerPersonGrp/PhoneNum05039772266
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL W ENGLISH
ReturnHeader/ReturnTs02025-09-08T19:51:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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