BONITA BAY CLUB (EIN 270155624) - 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

NOREEN HARRINGTON

Phone

2399495048

Tax Period

2023-07-01 to 2024-06-30

BONITA BAY CLUB, founded in 2009, is a mid-sized nonprofit in the Recreation & Sports sector that reported $39.0M in total revenue in fiscal year 2023. Expenses of $48.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

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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 $35,191,819

Investment Income $-393,325

Other Revenue $4,219,774

TOTAL REVENUE $39,018,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,755,969

Fundraising Expenses $0

Other Expenses $22,672,319

TOTAL EXPENSES $48,428,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,018,268	$36,929,293	+0.1%
Expenses	$48,428,288	$48,622,654	0.0%
Net Income	$-9,410,020	$-11,693,361	-0.2%

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

602

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

$1,109,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LIESMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM DAUWALTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NOREEN HARRINGTON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID TREADWELL	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL FISSEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DRAGOON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEATHERBIE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK KINZIE	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WATTON	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK FUNG	GENERAL MANAGER	50.00	Officer	$792,273	$42,410	$834,683
REBECCA HUNTER	DIRECTOR OF FINANCE	40.00	Officer	$247,949	$27,259	$275,208
HAL AKINS	DIRECTOR OF GOLF COURSE OP	40.00	Highest	$461,439	$40,871	$502,310
PAULA SCHEB	DIRECTOR OF SPORTS	40.00	Highest	$244,863	$28,387	$273,250
EJ MCDONNELL	DIRECTOR OF GOLF	40.00	Highest	$347,991	$19,160	$367,151
RICHARD BRUMM	DIRECTOR OF CULINARY	40.00	Highest	$265,280	$19,137	$284,417
JOSEPH ELWELL	ASSISTANT GENERAL MANAGER	40.00	Highest	$256,010	$35,007	$291,017

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	No data	No data	No data	No data
2024	$39,018,268	$48,428,288	$126,123,618	$-9,410,020
2023	$36,929,293	$48,622,654	$115,343,543	$-11,693,361
2022	$34,339,776	$39,861,902	$103,917,338	$-5,522,126
2021	$30,477,869	$35,787,703	$91,256,016	$-5,309,834
2020	$29,482,397	$35,634,435	$89,144,198	$-6,152,038
2019	$31,344,004	$34,532,581	$84,626,437	$-3,188,577
2018	$27,818,810	$31,801,992	$78,654,108	$-3,983,182

BONITA BAY CLUB