THE PALMS GOLF CLUB (EIN 330775273) - 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

1997

Principal Officer

OLYNN ROACH JR

Phone

7607712606

Tax Period

2023-10-01 to 2024-09-30

THE PALMS GOLF CLUB, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $5.8M left a modest 9% surplus.

Mission

ORGANIZATION OF PRIVATE GOLF CLUB.

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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 $6,274,957

Investment Income $53,040

Other Revenue $33,416

TOTAL REVENUE $6,361,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,291,255

Fundraising Expenses $0

Program Expenses $5,806,835

Other Expenses $3,515,580

TOTAL EXPENSES $5,806,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,361,413	$4,780,060	+0.3%
Expenses	$5,806,835	$6,449,681	-0.1%
Net Income	$554,578	$-1,669,621	-1.3%

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

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

$93,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK HEINEN	CEO	40.00	Officer	$93,462	$0	$93,462
RIGOBERTO REGALADO	COURSE MAINT	40.00	Highest	$163,858	$0	$163,858
OLYNN ROACH JR	BOARD PRESID	2.00	Director	$0	$0	$0
EDDIE FADEL	SECRETARY	2.00	Director	$0	$0	$0
SHAWN BOYD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK SHEEHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF STRAUSS	BOARD MEMBER	2.00	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	$6,361,413	$5,806,835	$9,589,451	$554,578
2023	$4,780,060	$6,449,681	$8,826,296	$-1,669,621
2022	$5,011,843	$5,522,145	$8,665,345	$-510,302
2021	$4,820,221	$4,551,442	$9,446,097	$268,779

THE PALMS GOLF CLUB