PALMA CEIA GOLF AND COUNTRY CLUB I… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

ROBERT LEY

Phone

8132533101

Tax Period

2023-10-01 to 2024-09-30

PALMA CEIA GOLF AND COUNTRY CLUB INC, founded in 1974, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PALMA CEIA GOLF AND COUNTRY CLUB,INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 09/30/24 WAS APPROXIMATELY 41,320 OF WHICH APPROXIMATELY 3,879 ROUNDS WERE NON-MEMBER RELATED.

Program 2

TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 09/30/24 WAS $5,925,639 OF WHICH $723,052 WAS NON-MEMBER RELATED.

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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 $12,547,623

Investment Income $434,157

Other Revenue $4,193,274

TOTAL REVENUE $17,175,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,032,433

Fundraising Expenses $0

Other Expenses $7,525,945

TOTAL EXPENSES $17,558,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,175,054	$15,343,599	+0.1%
Expenses	$17,558,378	$16,923,755	+0.0%
Net Income	$-383,324	$-1,580,156	-0.8%

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

370

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

$694,182

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK SUBER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH H VARNER III	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
DAN W FIELDS III	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JIM VON THRON	TREASURER	1.00	Officer Director	$0	$0	$0
DUANE DRAPER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF BAK	DIRECTOR	1.00	Director	$0	$0	$0
KIER R COOPER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EV KELLEY JR	DIRECTOR	1.00	Director	$0	$0	$0
BRAD KIMBRO	DIRECTOR	1.00	Director	$0	$0	$0
RYAN LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MARTINO	DIRECTOR	1.00	Director	$0	$0	$0
SUZY MENDELSON	DIRECTOR	1.00	Director	$0	$0	$0
AL ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDERSON SASSO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TOZIAN	DIRECTOR	1.00	Director	$0	$0	$0
ART WELSH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEY JR	GENERAL MANAGER	40.00	Officer	$448,071	$46,899	$494,970
KAREN KING	DIRECTOR OF FINANCE	40.00	Officer	$198,433	$779	$199,212
CARSON KAMPS	GOLF COURSE SUPERINTENDENT	40.00	Highest	$283,711	$70,902	$354,613
MORTON HODGE	DIRECTOR OF GOLF	40.00	Highest	$174,045	$49,915	$223,960
MICHAEL DEL PRIORE	DIRECTOR OF TENNIS	40.00	Highest	$340,238	$63,572	$403,810

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	$17,175,054	$17,558,378	$32,016,595	$-383,324
2023	$15,343,599	$16,923,755	$29,031,879	$-1,580,156
2022	$14,375,327	$15,937,464	$26,974,141	$-1,562,137
2021	$13,458,714	$13,613,596	$26,131,016	$-154,882
2020	$11,460,706	$12,785,631	$22,830,588	$-1,324,925
2019	$12,130,348	$13,307,930	$21,078,362	$-1,177,582
2018	$13,498,882	$12,539,555	$19,405,890	$959,327

PALMA CEIA GOLF AND COUNTRY CLUB INC