THE BEACH CLUB INC (EIN 591216007) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

E CRAIG COATS

Phone

5618424874

Tax Period

2022-12-01 to 2023-11-30

THE BEACH CLUB INC, founded in 1967, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $13.8M exceeded revenue, resulting in a 59% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,188,125

Investment Income $-1,316,354

Other Revenue $1,835,793

TOTAL REVENUE $8,707,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,130,790

Fundraising Expenses $0

Other Expenses $6,696,593

TOTAL EXPENSES $13,827,383

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,707,564	$6,827,939	+0.3%
Expenses	$13,827,383	$11,570,744	+0.2%
Net Income	$-5,119,819	$-4,742,805	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

141

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

$468,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E CRAIG COATS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR BRUCE OUELLETTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL H AGNELLO	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIGH LARMOYEUX	SECRETARY	1.00	Officer Director	$0	$0	$0
VICTORIA JOHNSTON	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL DASHIELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON J GUARI	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
GARY WOODFIELD	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BRINKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHAW	GENERAL MANAGER	40.00	Officer	$330,384	$10,850	$341,234
DAVID MOSS	COMPTROLLER	40.00	Officer	$120,731	$6,982	$127,713
MATTHEW SOBON	CHEF	40.00	Highest	$194,846	$10,442	$205,288
LARRY KLIMANTIRIS	DIRECTOR OF FINANCE/HR	40.00	Highest	$153,558	$10,593	$164,151
FRANK VERMEER	TENNIS DIRECTOR	40.00	Highest	$182,878	$11,541	$194,419

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	No data	No data	No data	No data
2023	$8,707,564	$13,827,383	$45,944,937	$-5,119,819
2022	$6,827,939	$11,570,744	$43,282,976	$-4,742,805
2021	$8,080,302	$10,733,695	$37,147,281	$-2,653,393
2020	$7,792,748	$9,906,738	$38,804,938	$-2,113,990
2019	$7,165,145	$9,650,117	$35,848,418	$-2,484,972
2018	$8,182,954	$8,329,624	$33,377,709	$-146,670

THE BEACH CLUB INC