THE PALMS GOLF CLUB

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Principal Officer

MARK SHEEHAN

Phone

7607712606

Tax Period

2024-10-01 to 2025-09-30

THE PALMS GOLF CLUB, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $6.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

ORGANIZATION OF PRIVATE GOLF CLUB.

Program Service Accomplishments

Program 1

Expenses: $5,497,342 Revenue: $6,511,025

OPERATION AND MAINTENANCE OF GOLF CLUB FOR THE EXCLUSIVE PLEASURE AND RECREATION OF ITS MEMBERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,416,216

Investment Income $25,624

Other Revenue $107,967

TOTAL REVENUE $6,549,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,269,946

Fundraising Expenses $0

Program Expenses $5,497,342

Other Expenses $3,227,396

TOTAL EXPENSES $5,497,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,549,807	$6,361,413	+0.0%
Expenses	$5,497,342	$5,806,835	-0.1%
Net Income	$1,052,465	$554,578	+0.9%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$214,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK HEINEN	CEO	40.00	Officer	$200,000	$14,541	$214,541
RIGOBERTO REGALADO	COURSE MAINT	40.00	Highest	$163,020	$17,722	$180,742
MARK SHEEHAN	CURRENT BOAR	2.00	Director	$0	$0	$0
OLYNN ROACH JR	FYE BOARD PR	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
LUCY BUTLER	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
2025	$6,549,807	$5,497,342	$10,684,394	$1,052,465
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