ROYAL PALM YACHT AND COUNTRY CLUB INC (EIN 590873777) - 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

1960

Legal Domicile

Principal Officer

BEN KENNEDY

Phone

5613952100

Tax Period

2024-01-01 to 2024-12-31

ROYAL PALM YACHT AND COUNTRY CLUB INC, founded in 1960, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $23.9M exceeded revenue, resulting in a 15% operating deficit.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,546,417

Investment Income $-22,456

Other Revenue $4,283,658

TOTAL REVENUE $20,807,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,451,268

Fundraising Expenses $0

Other Expenses $11,430,069

TOTAL EXPENSES $23,881,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,807,619	$15,700,314	+0.3%
Expenses	$23,881,337	$19,673,339	+0.2%
Net Income	$-3,073,718	$-3,973,025	-0.2%

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

271

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

$798,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON TAGGART	COMMODORE	8.00	Officer Director	$0	$0	$0
JOHN HOLTZ	VICE COMMODORE	8.00	Officer Director	$0	$0	$0
BRETT FRAZEE	REAR COMMODORE	8.00	Officer Director	$0	$0	$0
BEN KENNEDY	SECRETARY	8.00	Officer Director	$0	$0	$0
FORREST HEATHCOTT	TREASURER	8.00	Officer Director	$0	$0	$0
BRYAN GENTILE	GOVERNOR	8.00	Director	$0	$0	$0
PETE AUSTIN	GOVERNOR	8.00	Director	$0	$0	$0
DOUG FASH	GOVERNOR	8.00	Director	$0	$0	$0
SUE COUGHLN	GOVERNOR	8.00	Director	$0	$0	$0
ROB OOSTERHUIS	GENERAL MANAGER/COO	50.00	Officer	$530,872	$35,242	$566,114
JAIME PICACHE	CFO	50.00	Officer	$210,723	$21,417	$232,140
MARK STEPHENS	GOLF COURSE SUPERINDENDENT	50.00	Highest	$232,620	$10,078	$242,698
RAFAEL CURBELO	TENNIS DIRECTOR	50.00	Highest	$224,870	$21,442	$246,312
MICHAEL SHANLEY	MEMBERSHIP DIRECTOR	50.00	Highest	$212,927	$4,966	$217,893
SILVIA DISDERI	TENNIS DIRECTOR	50.00	Highest	$190,423	$10,418	$200,841
BRIANA PESTO	ASSISTANT GENERAL MANAGER	50.00	Highest	$190,592	$0	$190,592

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	$20,807,619	$23,881,337	$56,605,460	$-3,073,718
2023	$15,700,314	$19,673,339	$58,796,783	$-3,973,025
2022	$17,532,677	$20,467,545	$43,790,846	$-2,934,868
2021	$15,345,430	$17,935,228	$46,256,364	$-2,589,798
2020	$11,824,327	$14,855,998	$47,041,755	$-3,031,671
2019	$12,558,600	$15,840,496	$44,755,146	$-3,281,896
2018	$12,198,616	$15,232,887	$46,322,253	$-3,034,271

ROYAL PALM YACHT AND COUNTRY CLUB INC