THE GOLF CLUB AT PALMIRA INC (EIN 263805768) - 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

2009

Legal Domicile

Principal Officer

PETER A PHELPS

Phone

2399494466

Tax Period

2023-01-01 to 2023-12-31

THE GOLF CLUB AT PALMIRA INC, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE CLUB OWNS AND OPERATES A PRIVATE COUNTRY CLUB FOR THE RECREATION, PLEASURE AND BENEFIT OF 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 $6,147,194

Investment Income $110,360

Other Revenue $985,410

TOTAL REVENUE $7,242,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,996,804

Fundraising Expenses $0

Other Expenses $3,628,092

TOTAL EXPENSES $7,624,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,242,964	$6,695,031	+0.1%
Expenses	$7,624,896	$6,650,080	+0.1%
Net Income	$-381,932	$44,951	-9.5%

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

204

Volunteers

N/A

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

$248,820

Total Directors

Key Employees

$160,091

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK NENEMAN	GENERAL MANA	40.00	Officer	$248,820	$0	$248,820
ROBERT VOLPE	GCM DIRECTOR	40.00	Key Emp	$160,091	$0	$160,091
ERIK BAKER	F&B BOH DIRE	40.00	Highest	$142,248	$0	$142,248
NATHAN GROCE	GOLF OP DIRE	40.00	Highest	$141,794	$0	$141,794
MARY JANE CHAPPY	MEMBERSHIP D	40.00	Highest	$123,768	$0	$123,768
RON COTORAKAS	F&B FOH DIRE	40.00	Highest	$107,487	$0	$107,487
PAUL ATKINSON	DIRECTOR	4.00	Director	$0	$0	$0
SUZANNE BRETT	SECRETARY	4.00	Officer Director	$0	$0	$0
KATHY CLEMENS	DIRECTOR	4.00	Director	$0	$0	$0
CARMEN GIGLIOTTI	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT LONG	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT MORRISON	VICE-PRESIDE	4.00	Officer Director	$0	$0	$0
CHET MURAWSKI	TREASURER	4.00	Officer Director	$0	$0	$0
PETER A PHELPS	PRESIDENT	N/A	Officer Director	$0	$0	$0
JAMES STEVEN STONE	DIRECTOR	4.00	Director	$0	$0	$0

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	$7,242,964	$7,624,896	$20,421,894	$-381,932
2022	$6,695,031	$6,650,080	$19,395,690	$44,951
2021	$5,448,490	$6,777,699	$17,478,158	$-1,329,209
2020	$5,609,733	$5,813,331	$12,150,779	$-203,598
2019	$5,750,084	$5,850,789	$11,300,526	$-100,705
2018	$5,547,928	$5,737,012	$10,374,007	$-189,084

THE GOLF CLUB AT PALMIRA INC