ATLANTIC BEACH CLUB INC (EIN 111693785) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

WILLIAM J BUTLER

Phone

5162390600

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC BEACH CLUB INC, founded in 1939, is a community nonprofit in the Recreation & Sports sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 12% surplus.

Mission

ATLANTIC BEACH CLUB, INC. (THE "CLUB") IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SOCIAL, RECREATIONAL AND OTHER ACTIVITIES FOR ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,075,467

Investment Income $104,570

Other Revenue $3,687,278

TOTAL REVENUE $5,867,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,479,815

Fundraising Expenses $0

Other Expenses $2,694,728

TOTAL EXPENSES $5,174,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,867,315	$5,420,229	+0.1%
Expenses	$5,174,543	$4,984,168	+0.0%
Net Income	$692,772	$436,061	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

131

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$256,718

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J BUTLER	PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD DEVERNA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN FEE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES P PRUNTY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES SCHNEIDER	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARY BETH TULLY	VICE PRESIDENT	1.00	Director	$0	$0	$0
PAUL APRIGLIANO	GOVERNOR	1.00	Director	$0	$0	$0
ROBERT HELFENSTEIN	GOVERNOR	1.00	Director	$0	$0	$0
CHRIS JOHNSON	GOVERNOR	1.00	Director	$0	$0	$0
ELIZABETH GOLDEN	GOVERNOR	1.00	Director	$0	$0	$0
MARY LOU CERRATO	GOVERNOR	1.00	Director	$0	$0	$0
PAUL E DURNAN	GOVERNOR	1.00	Director	$0	$0	$0
JOSEPH SPATZ	GOVERNOR	1.00	Director	$0	$0	$0
JOHN BISHAR	GOVERNOR	1.00	Director	$0	$0	$0
JOHN W MEYER	GENERAL MANAGER	40.00	Key Emp	$245,000	$11,718	$256,718
LISA CAUSI	OFFICE MANAGER	40.00	Highest	$130,350	$23,457	$153,807
CHARLES BAY	FOOD AND BEVERAGE MANAGER	40.00	Highest	$121,800	$23,475	$145,275

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,867,315	$5,174,543	$12,189,109	$692,772
2022	$5,420,229	$4,984,168	$12,144,284	$436,061
2021	$5,626,565	$4,702,465	$12,278,794	$924,100
2020	$4,308,470	$4,038,610	$12,005,377	$269,860
2019	$5,084,309	$4,504,358	$12,221,828	$579,951
2018	$4,866,388	$4,373,946	$12,077,601	$492,442

ATLANTIC BEACH CLUB INC