BANYAN GOLF CLUB OF PALM BEACH INC

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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

2024-11-01 to 2025-10-31

BANYAN GOLF CLUB OF PALM BEACH INC, founded in 1972, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 18% operating margin.

Mission

BANYAN GOLF CLUB OF PALM BEACH, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

TAX EXEMPT CLUB ACTIVITIES.

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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 $10,408,631

Investment Income $472,154

Other Revenue $2,040,936

TOTAL REVENUE $12,921,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,930,505

Fundraising Expenses $0

Other Expenses $5,711,557

TOTAL EXPENSES $10,642,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,921,721	$8,521,343	+0.5%
Expenses	$10,642,062	$9,627,065	+0.1%
Net Income	$2,279,659	$-1,105,722	-3.1%

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

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

Total Directors

Key Employees

$652,767

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	1.00	Officer Director	$0	$0	$0
STEVEN POKOTILOW	SECRETARY	1.00	Officer Director	$0	$0	$0
BJ 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 MORGAN	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
JANE ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY BIBBY	GENERAL MANAGER	40.00	Key Emp	$332,152	$18,836	$350,988
NATHAN WALLACE	SUPERINTENDANT	40.00	Key Emp	$293,834	$7,945	$301,779
DAVID EBY	DIRECTOR OF GOLF	40.00	Highest	$248,164	$23,266	$271,430
DENISE CONNEL	MEMBERSHIP COORDINATOR	40.00	Highest	$175,266	$5,093	$180,359
CHRISTOPHER STANKO	GOLF PRO	40.00	Highest	$170,413	$2,615	$173,028
OSMAR VASQUEZ	CHEF	40.00	Highest	$120,098	$3,273	$123,371

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	$12,921,721	$10,642,062	$24,448,115	$2,279,659
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