GULF STREAM BATH AND TENNIS CLUB INC

EIN: 590542388 Recreation & Sports

DELRAY BEACH, FL

Total Revenue
$3,849,474
Total Expenses
$4,950,487
Total Assets
$10,864,029
Net Assets
$10,023,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
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

TO PROVIDE PLEASURE AND RECREATION TO THE MEMBERS AND THEIR GUESTS THROUGH SOCIAL AND RECREATIONAL FACILITIES SUCH AS A CLUBHOUSE, A RESTAURANT AND BAR, TENNIS COURTS, A FITNESS FACILITY, A SWIMMING POOL, AN OCEANFRONT BEACH, AND RELATED FACILITIES.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
85
Volunteers
15

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
5
$324,057
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
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
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