CORAL BAY CLUB INC (EIN 566025472) - 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

1957

Legal Domicile

Principal Officer

SAM SUGG

Phone

2527265139

Tax Period

2023-01-01 to 2023-12-31

CORAL BAY CLUB INC, founded in 1957, is a community nonprofit in the Recreation & Sports sector that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 63% operating margin.

Mission

THE MISSION OF THE CORAL BAY CLUB, INC. IS TO PROVIDE RECREATIONAL, DINING, AND SOCIAL FACILITIES FOR APPROXIMATELY 600 MEMBERS.

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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 $2,144,639

Program Service Revenue $7,762,890

Investment Income $-1,460,589

Other Revenue $938,235

TOTAL REVENUE $9,385,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,699,328

Fundraising Expenses $0

Program Expenses $3,454,579

Other Expenses $1,755,251

TOTAL EXPENSES $3,454,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,385,175	$3,644,177	+1.6%
Expenses	$3,454,579	$3,556,848	0.0%
Net Income	$5,930,596	$87,329	+66.9%

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

148

Volunteers

N/A

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

$276,878

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HAROLDSON	EX-OFFICIO	0.00	Officer Director	$0	$0	$0
SAM SUGG	PRESIDENT	0.00	Officer Director	$0	$0	$0
GEORGE T BARNES	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DON WILLIAMSON	TREASURER	0.00	Officer Director	$0	$0	$0
PARKER CHESNUTT HONEYCUTT	SECRETARY	0.00	Officer Director	$0	$0	$0
MARCI GODWIN	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN FRAZIER	BOARD MEMBER	0.00	Director	$0	$0	$0
KRISTY HARVEY	BOARD MEMBER	0.00	Director	$0	$0	$0
LILIAN LAWRENCE	BOARD MEMBER	0.00	Director	$0	$0	$0
BESS WALKER	BOARD MEMBER	0.00	Director	$0	$0	$0
LINDA STAUNCH	BOARD MEMBER	0.00	Director	$0	$0	$0
ALICIA ALFORD	BOARD MEMBER	0.00	Director	$0	$0	$0
MITCHELL OAKLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN PETERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
O TEMPLE SLOAN III	BOARD MEMBER	0.00	Director	$0	$0	$0
RONNIE BATCHELOR	BOARD MEMBER	0.00	Director	$0	$0	$0
TAMMY J ROYS	GENERAL MANAGER/COO	40.00	Key Emp	$276,878	$0	$276,878

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	No data	No data	No data	No data
2023	$9,385,175	$3,454,579	$13,714,520	$5,930,596
2022	$3,644,177	$3,556,848	$7,677,907	$87,329
2022	$3,644,177	$3,556,848	$7,256,807	$87,329
2021	$3,974,460	$3,177,896	$7,401,665	$796,564
2021	$3,974,460	$3,326,773	$6,980,565	$647,687
2020	$2,879,533	$3,014,349	$6,401,182	$-134,816

CORAL BAY CLUB INC