THE PORT ROYAL CLUB INC

EIN: 590876282

NAPLES, FL

Total Revenue
$28,136,146
Total Expenses
$12,312,910
Total Assets
$121,297,469
Net Assets
$107,498,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
FL
Principal Officer
MICHAEL CHAFFEE
Phone
2392617615
Tax Period
2024-08-01 to 2025-07-31

THE PORT ROYAL CLUB INC, founded in 1959, is a mid-sized nonprofit that reported $28.1M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15.8M, a strong 56% operating margin.

Mission

THE PORT ROYAL CLUB WAS ESTABLISHED IN 1959. IT IS A PRIVATE BEACH CLUB OFFERING DINING, FITNESS, SWIMMING AND SOCIAL SERVICES FOR ITS MEMBERS. PORT ROYAL PROPERTY OWNERSHIP IS REQUIRED FOR MEMBERSHIP. THE CLUB IS OPEN FROM MID-AUGUST TO MID-JULY, WHEN IT CLOSES FOR A MONTH.

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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 $8,615,094
Investment Income $3,995,882
Other Revenue $15,525,170
TOTAL REVENUE $28,136,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,307,911
Fundraising Expenses $0
Other Expenses $7,004,999
TOTAL EXPENSES $12,312,910

Year-over-Year Comparison

2024 2023 Change
Revenue $28,136,146 $35,545,630 -0.2%
Expenses $12,312,910 $10,126,199 +0.2%
Net Income $15,823,236 $25,419,431 -0.4%
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
84
Volunteers
30

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
$0
Total Directors
13
$0
Key Employees
1
$662,834
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY CARLSON PRESIDENT/EXECUTIVE COMMITTEE CHAIR 15.00
Officer Director
$0 $0 $0
ROBERT KOHLHEPP VICE PRESIDENT/LONG RANGE PLANNING COMMITTEE CHAIR 10.00
Officer Director
$0 $0 $0
JULIE KUKK VICE PRESIDENT/COMMUNICATION COMMITTEE CHAIR 10.00
Officer Director
$0 $0 $0
TOM REUSCHE TREASURER/FINANCE COMMITTEE CHAIR 15.00
Officer Director
$0 $0 $0
FRANK HALLINAN SECRETARY (FORMER)/DIRECTOR 5.00
Officer Director
$0 $0 $0
JILL MILLER MEMBERSHIP COMMITTEE CHAIR 5.00
Director
$0 $0 $0
CAROLE GAUNT EDUCATION COMMITTEE CHAIR 5.00
Director
$0 $0 $0
SUE MCVICKERS HOUSE COMMITTEE CHAIR (CURRENT) 5.00
Director
$0 $0 $0
JAY WEISS BUILDING AND GROUNDS COMMITEE CHAIR (CURRENT) 5.00
Director
$0 $0 $0
HENRY SAAD GOVERNANCE COMMITTEE CHAIR 5.00
Director
$0 $0 $0
BILL STRONG SECRETARY (CURRENT) 5.00
Director
$0 $0 $0
DICK DELBELLO SPORTS COMMITTEE CHAIR (CURRENT) 5.00
Director
$0 $0 $0
DAVID SMALL COMPENSATION AND BENEFITS COMMITTEE CHAIR 5.00
Director
$0 $0 $0
JEFFREY HARTIGAN CHIEF OPERATING OFFICER 40.00
Key Emp
$625,007 $37,827 $662,834
KATHLEEN HOEFT FITNESS DIRECTOR 40.00
Highest
$159,013 $13,843 $172,856
LOUIS VOSLOO TENNIS DIRECTOR 40.00
Highest
$263,549 $32,208 $295,757
FRANCO MATA TENNIS PRO 40.00
Highest
$122,178 $18,677 $140,855
LILLA OSTERLOH TENNIS PRO 40.00
Highest
$146,969 $13,073 $160,042
EVELYN GOMEZ DIRECTOR OF HR 40.00
Highest
$112,473 $11,314 $123,787
CHARLES ACUNA PERSONAL TRAINER 40.00
Highest
$101,863 $6,753 $108,616
BETHANY BOHALL FORMER INTERIM CFO 40.00
$195,482 $13,976 $209,458
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 $28,136,146 $12,312,910 $121,297,469 $15,823,236
2024 $35,545,630 $10,126,199 $104,894,321 $25,419,431
2023 $31,835,287 $12,651,762 $74,410,136 $19,183,525
2022 $18,441,217 $16,465,262 $59,906,964 $1,975,955
2021 $20,854,822 $13,326,155 $57,658,613 $7,528,667
2020 $15,792,719 $11,906,488 $47,090,308 $3,886,231
2019 $15,040,216 $11,985,896 $42,470,237 $3,054,320
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