I don't think Matrix has run out of money.They appear to be just "mothballing" the course until the real estate market turns around. The golf market is done for this course IMO.If Matrix gave up on this course as an annual membership or daily fee course, who would want to buy it and operate it. I'm sure it was a money loser.
I think a lot of the remaining annual members defected to Blue Bell CC. Another factor for the loss of members may have been the lack of a driving range/practice area.