RIVIERA COUNTRY CLUB OF CORAL GABLES INC

EIN: 590539247

CORAL GABLES, FL

Total Revenue
$31,052,242
Total Expenses
$28,368,842
Total Assets
$70,245,093
Net Assets
$37,842,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
FL
Principal Officer
ALEXANDER P ADAMS
Phone
3056615331
Tax Period
2023-10-01 to 2024-09-30

RIVIERA COUNTRY CLUB OF CORAL GABLES INC, founded in 1945, is a mid-sized nonprofit that reported $31.1M in total revenue in fiscal year 2023. Expenses of $28.4M left a modest 9% surplus.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,565,391
Program Service Revenue $12,447,621
Investment Income $867,647
Other Revenue $2,171,583
TOTAL REVENUE $31,052,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,155,934
Fundraising Expenses $0
Program Expenses $0
Other Expenses $12,212,908
TOTAL EXPENSES $28,368,842

Year-over-Year Comparison

2023 2022 Change
Revenue $31,052,242 $29,374,560 +0.1%
Expenses $28,368,842 $27,372,884 +0.0%
Net Income $2,683,400 $2,001,676 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
363
Volunteers
13

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
7
$929,950
Total Directors
13
$0
Key Employees
8
$1,978,333
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SNURE GENERAL MANAGER 60.0
Officer
$547,370 $34,757 $582,127
PATRICK SALTER DIRECTOR OF AGRONOMY 60.0
Key Emp
$453,020 $27,038 $480,058
DANIEL PELLA DIRECTOR FINANCE & ACCOUNTING 60.0
Officer
$325,034 $22,789 $347,823
GERALD LEWIS EXECUTIVE CHEF 60.0
Key Emp
$304,987 $20,921 $325,908
JOSEPH LUDEMAN HEAD GOLF PROFESSIONAL 60.0
Key Emp
$274,131 $0 $274,131
EMMANUEL PALACIOS GOLF PROFESSIONAL 55.0
Key Emp
$221,321 $0 $221,321
MICHEL LIENDO FOOD & BEVERAGE MANAGER 55.0
Key Emp
$192,159 $0 $192,159
NESTOR DELGADO GOLF PROFESSIONAL 55.0
Key Emp
$170,765 $0 $170,765
KATHLEEN PHANG CATERING DIRECTOR 55.0
Key Emp
$161,439 $0 $161,439
CASEY SHOFFIT GOLF PROFESSIONAL 55.0
Key Emp
$152,552 $0 $152,552
HELENE KAPPLER PALMIOTTO TENNIS PROFESSIONAL 55.0
Highest
$147,795 $0 $147,795
JUSTIN TOUCHSTONE TENNIS PROFESSIONAL 55.0
Highest
$140,783 $0 $140,783
FRANCES LAPOINTE ASST DIR FINANCE & ACCOUNTING 55.0
Highest
$139,768 $0 $139,768
JUAN ALVAREZ TENNIS PROFESSIONAL 55.0
Highest
$130,568 $0 $130,568
ANDREW NOTTENKAMPER ASST DIR AGRONOMY & BUILDING 55.0
Highest
$130,076 $0 $130,076
ABLERTO J ARAZOZA PRESIDENT 5.0
Officer Director
$0 $0 $0
ALEXANDER P ADAMS PRESIDENT ELECT 5.0
Officer Director
$0 $0 $0
NATHAN B ZEDER VICE PRESIDENT 5.0
Officer Director
$0 $0 $0
SHERRILL W HUDSON TREASURER 5.0
Officer Director
$0 $0 $0
JOSE ORTIZ SECRETARY 5.0
Officer Director
$0 $0 $0
ROBERT A BAER DIRECTOR 5.0
Director
$0 $0 $0
RALPH BRU DIRECTOR 5.0
Director
$0 $0 $0
LUIS DELGADO DIRECTOR 5.0
Director
$0 $0 $0
JOHN T DOWNEY DIRECTOR 5.0
Director
$0 $0 $0
CHERYL GOLDSTEIN DIRECTOR 5.0
Director
$0 $0 $0
FRANCISCO J GRANDE DIRECTOR 5.0
Director
$0 $0 $0
GEORGE C KAKOURIS DIRECTOR 5.0
Director
$0 $0 $0
WAYNE WITHERS DIRECTOR 5.0
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
2024 $31,052,242 $28,368,842 $70,245,093 $2,683,400
2023 $29,374,560 $27,372,884 $69,700,732 $2,001,676
2022 $25,990,671 $23,801,121 $65,873,463 $2,189,550
2021 $21,710,203 $21,436,096 $63,238,082 $274,107
2020 $17,138,272 $20,735,718 $62,251,353 $-3,597,446
2019 $10,446,119 $19,212,235 $62,418,135 $-8,766,116
2018 $15,874,011 $16,256,428 $55,876,552 $-382,417
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