GIBSON ISLAND CLUB INC (EIN 520326700) - 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

1921

Legal Domicile

Principal Officer

BENJAMIN S LENTZ

Phone

4102551414

Tax Period

2023-11-01 to 2024-10-31

GIBSON ISLAND CLUB INC, founded in 1921, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2023. Expenses of $11.7M left a modest 5% surplus.

Mission

TO CATER TO ITS MEMBERS' NEEDS & PROVIDE A PLACE WHERE MEMBERS CAN SOCIALIZE WITH PEERS. THE CLUB PROVIDES FACILITIES SUCH AS A MARINA, GOLF COURSE, TENNIS COURTS, & DINING ROOM

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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 $5,360,771

Investment Income $5,550

Other Revenue $6,931,142

TOTAL REVENUE $12,297,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,656,752

Fundraising Expenses $0

Other Expenses $5,015,334

TOTAL EXPENSES $11,672,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,297,463	$11,483,713	+0.1%
Expenses	$11,672,086	$11,580,806	+0.0%
Net Income	$625,377	$-97,093	-7.4%

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

179

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

Total Directors

Key Employees

$189,041

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMOND SPIKELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
MARGARET BUTLER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JESS L BAILY	SECOND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BENJAMIN S LENTZ	TREASURER	3.00	Officer Director	$0	$0	$0
ANNA KIMSEY EDWARDS	SECRETARY	3.00	Officer Director	$0	$0	$0
ASHLEY SEEN	ASSISTANT SECRETARY	3.00	Officer Director	$0	$0	$0
COURTNEY B BURNHAM	GOVERNOR	3.00	Director	$0	$0	$0
CASEY HARTE	GOVERNOR	3.00	Director	$0	$0	$0
WILLIAM J SAUERS	GOVERNOR	3.00	Director	$0	$0	$0
CHRISTINE W CROSS	GOVERNOR	3.00	Director	$0	$0	$0
RICHARD C EDMUNDS	GOVERNOR	3.00	Director	$0	$0	$0
THOMAS D FOARD	GOVERNOR	3.00	Director	$0	$0	$0
RICHARD J SKAYHAN	GOVERNOR	3.00	Director	$0	$0	$0
NINA B TRACEY	GOVERNOR	3.00	Director	$0	$0	$0
FREDERICK BEDDARD	GOVERNOR	3.00	Director	$0	$0	$0
BONITA B HEARN	GOVERNOR	3.00	Director	$0	$0	$0
ELIZABETH S HOBELMANN	GOVERNOR	3.00	Director	$0	$0	$0
SARAH KANNE	GOVERNOR	3.00	Director	$0	$0	$0
ELIZABETH E SAVAGE	GOVERNOR	3.00	Director	$0	$0	$0
JOHN BERISH	ISLAND GENERAL MANAGER	40.00	Key Emp	$160,162	$28,879	$189,041
JAMES HUDOCK	EXECUTIVE CHEF	40.00	Highest	$188,470	$26,030	$214,500
DAVID GROSSMAN	GOLF PROFESSIONAL	40.00	Highest	$160,258	$14,278	$174,536

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	$12,297,463	$11,672,086	$21,311,075	$625,377
2023	$11,483,713	$11,580,806	$20,806,096	$-97,093
2022	$10,696,940	$10,503,563	$10,937,537	$193,377
2021	$10,463,134	$9,663,249	$11,132,526	$799,885
2020	$8,869,841	$8,526,934	$10,441,756	$342,907
2019	$8,731,126	$8,785,257	$10,562,434	$-54,131
2018	$8,265,844	$8,442,116	$10,990,606	$-176,272

GIBSON ISLAND CLUB INC