GULF STREAM BATH AND TENNIS 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

1990

Legal Domicile

Principal Officer

ALEX G POWER

Phone

5612722101

Tax Period

2024-06-01 to 2025-05-31

GULF STREAM BATH AND TENNIS CLUB INC, founded in 1990, is a community nonprofit in the Recreation & Sports sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE GULF STREAM BATH AND TENNIS CLUB IS A SOCIAL CLUB, THE TAX PURPOSE OF WHICH IS TO PROVIDE FOR THE OPERATION OF A PRIVATE RECREATIONAL AND SOCIAL CLUB WITH CERTAIN BEACH, TENNIS, FITNESS, RESTAURANT, SWIMMING, AND RELATED FACILITIES FOR THE USE OF MEMBERS OF TEH CLUB AND THEIR GUESTS.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES FOOD AND BEVERAGE SERVICE ON APPROXIMATELY 220 DAYS THROUGHOUT THE YEAR. DURING FISCAL 2024-2025, GROSS REVENUES FROM FOOD AND BEVERAGE TOTALED $2,486,083 (OF WHICH $17,676 WAS...

THE CLUB PROVIDES FOOD AND BEVERAGE SERVICE ON APPROXIMATELY 220 DAYS THROUGHOUT THE YEAR. DURING FISCAL 2024-2025, GROSS REVENUES FROM FOOD AND BEVERAGE TOTALED $2,486,083 (OF WHICH $17,676 WAS NON-MEMBER RELATED) AND EXPENSES WERE $3,285,913.

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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 $4,175,870

Investment Income $25,065

Other Revenue $-351,461

TOTAL REVENUE $3,849,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,841,870

Fundraising Expenses $0

Other Expenses $3,108,617

TOTAL EXPENSES $4,950,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,849,474	$5,225,967	-0.3%
Expenses	$4,950,487	$6,297,065	-0.2%
Net Income	$-1,101,013	$-1,071,098	+0.0%

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

$324,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE F HAYES	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX G POWER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS L BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY W GRAZIANO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
BETTINA SMITH	GOVERNOR	1.00	Director	$0	$0	$0
THOMAS M STANLEY	GOVERNOR	1.00	Director	$0	$0	$0
JOHN VANDERSLICE	GOVERNOR	1.00	Director	$0	$0	$0
GEORGE DEB BELL JR	GOVERNOR	1.00	Director	$0	$0	$0
S CURTISS ROACH	GOVERNOR	1.00	Director	$0	$0	$0
W FREDERICK SOUDER	GOVERNOR	1.00	Director	$0	$0	$0
EMILY STARKEY	GOVERNOR	1.00	Director	$0	$0	$0
RANDOLPH C HARRELL	GOVERNOR	1.00	Director	$0	$0	$0
NANCY L HELMUTH	GOVERNOR	1.00	Director	$0	$0	$0
KEVIN J MARONI	GOVERNOR	1.00	Director	$0	$0	$0
JORGETTE D SMITH	GOVERNOR	1.00	Director	$0	$0	$0
MICHAEL J TERRITO	GENERAL MANAGER/COO	40.00	Officer	$307,811	$16,246	$324,057
DENZIL PIETERS	DIRECTOR OF TENNIS	40.00	Highest	$199,684	$22,381	$222,065
CAREY SAVONA	EXECUTIVE CHEF	40.00	Highest	$205,267	$17,054	$222,321
REBEKAH MCGREE	CLUBHOUSE MANAGER	40.00	Highest	$172,977	$4,309	$177,286

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	$3,849,474	$4,950,487	$10,864,029	$-1,101,013
2024	$5,225,967	$6,297,065	$10,473,434	$-1,071,098
2023	$4,693,526	$5,687,992	$10,078,227	$-994,466
2022	$4,387,347	$4,950,408	$10,931,489	$-563,061
2021	$4,047,781	$4,661,539	$10,583,013	$-613,758
2020	$3,714,694	$4,752,322	$11,048,952	$-1,037,628
2019	$4,623,708	$4,602,544	$11,358,248	$21,164
2018	$5,611,944	$3,972,956	$11,970,746	$1,638,988

GULF STREAM BATH AND TENNIS CLUB INC