BANYAN GOLF CLUB OF PALM BEACH INC (EIN 591411717) - 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

1972

Legal Domicile

Principal Officer

ROBERT ANTHONY

Phone

5617932800

Tax Period

2023-11-01 to 2024-10-31

BANYAN GOLF CLUB OF PALM BEACH INC, founded in 1972, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Expenses of $9.6M exceeded revenue, resulting in a 13% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,717,941

Investment Income $336,281

Other Revenue $467,121

TOTAL REVENUE $8,521,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,518,067

Fundraising Expenses $0

Other Expenses $5,108,998

TOTAL EXPENSES $9,627,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,521,343	$8,211,374	+0.0%
Expenses	$9,627,065	$8,895,795	+0.1%
Net Income	$-1,105,722	$-684,421	+0.6%

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

110

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

$230,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ANTHONY	PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD SHEERR	VICE-PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN POKOTILOW	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT BENIK	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
WENDY KAPNEK	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KOBERNICK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MOGAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY STERN	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SYLVETSKY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TROW	EX-OFFICIO	1.00	Director	$0	$0	$0
JANE ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY BIBBY	GENERAL MANAGER	40.00	Officer	$224,670	$5,747	$230,417
DAVID F EBY	DIRECTOR OF GOLF	40.00	Highest	$253,014	$561	$253,575
NATHAN WALLACE	SUPERINTENDENT	40.00	Highest	$269,035	$2,111	$271,146
DENISE CONNELL	MEMBERSHIP DIRECTOR	40.00	Highest	$170,910	$10,990	$181,900

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	$8,521,343	$9,627,065	$21,382,248	$-1,105,722
2023	$8,211,374	$8,895,795	$18,920,120	$-684,421
2022	$7,072,889	$7,867,790	$12,593,212	$-794,901
2021	$6,036,622	$7,004,375	$11,223,509	$-967,753
2020	$5,744,860	$6,759,309	$9,882,051	$-1,014,449
2019	$5,287,619	$6,360,948	$9,644,448	$-1,073,329
2018	$4,514,414	$5,112,875	$8,749,521	$-598,461

BANYAN GOLF CLUB OF PALM BEACH INC