OCEAN CLUB OF FLORIDA INC (EIN 590970226) - 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

1962

Legal Domicile

Principal Officer

DIANE PYE

Phone

5613745090

Tax Period

2024-05-01 to 2025-04-30

OCEAN CLUB OF FLORIDA INC, founded in 1962, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $7.5M exceeded revenue, resulting in a 16% 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 $4,498,462

Investment Income $177,385

Other Revenue $1,809,175

TOTAL REVENUE $6,485,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,440,457

Fundraising Expenses $0

Other Expenses $3,066,679

TOTAL EXPENSES $7,507,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,485,022	$6,107,522	+0.1%
Expenses	$7,507,136	$6,936,456	+0.1%
Net Income	$-1,022,114	$-828,934	+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

138

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

$395,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN WEAVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHLEY PARRIOTT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BEBE DUKE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRUCE WARWICK	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG WHITING	BOARD MEMBER	2.00	Director	$0	$0	$0
ELEANOR BIERBOWER	BOARD MEMBER	2.00	Director	$0	$0	$0
GREG ZINK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES TAMMARO	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE PARKE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN BACKER	TREASURER AND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY RITTER	TREASURER AND VICE PRESIDENT (OUTGOING)	2.00	Officer Director	$0	$0	$0
LISA SUNSHINE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY SULLIVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MITCH ENGEL	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL RIDDER	BOARD MEMBER (OUTGOING)	2.00	Director	$0	$0	$0
SUSAN HOOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
SUZANNE LYMAN	SECRETARY AND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WALTER BURKE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH PAVONE	GENERAL MANAGER	40.00	Officer	$349,849	$45,172	$395,021
ANTHONY MARAZITA	EXECUTIVE CHEF	40.00	Highest	$198,877	$34,242	$233,119
DIANE PYE	CONTROLLER	40.00	Highest	$167,862	$8,109	$175,971
SCOTT REINMUND	TENNIS PRO	40.00	Highest	$171,430	$24,387	$195,817
STEVEN LOBDELL	ASST. GM	40.00	Highest	$108,198	$17,130	$125,328
WARREN BEAUDRY	FACILITIES DIRECTOR	40.00	Highest	$109,304	$11,303	$120,607

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	$6,485,022	$7,507,136	$19,242,564	$-1,022,114
2024	$6,107,522	$6,936,456	$18,533,342	$-828,934
2023	$5,439,281	$6,698,571	$11,645,619	$-1,259,290
2022	$4,033,373	$4,867,445	$11,203,795	$-834,072
2021	$4,569,005	$5,124,100	$6,668,610	$-555,095
2020	$4,241,621	$4,864,810	$5,215,521	$-623,189
2019	$4,306,652	$4,837,961	$5,365,126	$-531,309
2018	$4,091,883	$4,543,147	$5,198,776	$-451,264

OCEAN CLUB OF FLORIDA INC