NEW INDIAN RIVER CLUB INC (EIN 264830028) - 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

JOSEPH MARCELLE

Phone

7727700757

Tax Period

2024-10-01 to 2025-09-30

NEW INDIAN RIVER CLUB INC, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 15% operating margin.

Mission

PRIVATE GOLF CLUB INCLUDES A FULLY EQUIPPED CLUBHOUSE AND GOLF COURSE, LOCATED IN VERO BEACH, FLORIDA FOR THE RECREATION, PLEASURE AND BENEFIT OF ITS MEMBERS AND THEIR GUESTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,554,805

Investment Income $26,674

Other Revenue $337,864

TOTAL REVENUE $6,919,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,779,672

Fundraising Expenses $195,202

Program Expenses $4,122,683

Other Expenses $3,099,364

TOTAL EXPENSES $5,879,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,919,343	$5,910,798	+0.2%
Expenses	$5,879,036	$5,249,727	+0.1%
Net Income	$1,040,307	$661,071	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BOYD	PRESIDENT	5.00	Officer Director	$0	$0	$0
RUSTY NEWHOUSE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE SHANLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JOSEPH MARCELLE	TREASURER	5.00	Officer Director	$0	$0	$0
FERNANDO ARROYO	DIRECTOR	5.00	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
2025	$6,919,343	$5,879,036	$10,434,768	$1,040,307
2024	$5,910,798	$5,249,727	$9,134,323	$661,071
2023	$4,468,243	$4,495,262	$7,293,668	$-27,019
2022	$4,266,242	$3,396,308	$6,695,156	$869,934
2021	$3,712,737	$3,541,388	$3,847,600	$171,349
2020	$3,475,613	$3,217,858	$3,756,101	$257,755
2019	$3,179,150	$3,335,194	$2,913,944	$-156,044
2018	$3,223,848	$3,177,916	$2,835,082	$45,932

NEW INDIAN RIVER CLUB INC