The Surf Club Incorporated (EIN 560421616) - 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

1941

Legal Domicile

Principal Officer

Christopher N Reid

Phone

9102562496

Tax Period

2024-12-01 to 2025-11-30

The Surf Club Incorporated, founded in 1941, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 27% operating margin.

Mission

Social 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,837,600

Investment Income $1,412,120

Other Revenue $1,810,233

TOTAL REVENUE $5,059,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,845,812

Fundraising Expenses $0

Program Expenses $3,466,270

Other Expenses $1,868,450

TOTAL EXPENSES $3,714,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,059,953	$3,587,065	+0.4%
Expenses	$3,714,262	$3,177,571	+0.2%
Net Income	$1,345,691	$409,494	+2.3%

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher N Reid	President	1.00	Officer Director	$0	$0	$0
William W Stanfield	Vice President	1.00	Officer Director	$0	$0	$0
Jerry A Mannen Jr	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
John M Tetterton Jr	Immediate Past President	1.00	Director	$0	$0	$0
Howard A Penton III	Director	1.00	Director	$0	$0	$0
Raiford Trask III	Director	1.00	Director	$0	$0	$0
W Chris Ward	Director	1.00	Director	$0	$0	$0
D Clinton North III	Director	1.00	Director	$0	$0	$0
David Sprunt	Director	1.00	Director	$0	$0	$0
Gerald D Hardison Jr	Director	1.00	Director	$0	$0	$0
Patrick O'Keefe	General Manager	50.00	Officer	$40,000	$0	$40,000
Scott Schwartz	Executive Chef	50.00	Highest	$139,512	$0	$139,512
Stacey Worrell	Comptroller	50.00	Highest	$128,521	$6,300	$134,821
Andrew Venables	Food & Beverage Manager	50.00	Highest	$128,057	$0	$128,057
Darrin Darazsdi	Club Manager	50.00	Highest	$119,807	$3,350	$123,157
Keith Logar	Former General Manager	50.00		$289,104	$19,500	$308,604
Hiroshi Osono	Former Executive Chef	50.00		$113,054	$5,200	$118,254

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	$5,059,953	$3,714,262	$12,770,401	$1,345,691
2024	$3,587,065	$3,177,571	$12,218,669	$409,494
2023	$2,853,533	$2,884,179	$10,873,699	$-30,646
2022	$3,570,201	$2,834,365	$10,545,345	$735,836
2021	$3,481,235	$2,530,641	$10,487,188	$950,594
2020	$2,666,184	$2,326,213	$9,175,155	$339,971
2019	$2,970,311	$2,387,312	$8,747,503	$582,999
2018	$3,197,062	$2,381,338	$8,164,384	$815,724

The Surf Club Incorporated