DELRAY CLUB INC (EIN 592075875) - 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

1981

Legal Domicile

Principal Officer

CLYDE REA III

Phone

5612786226

Tax Period

2023-01-01 to 2023-12-31

DELRAY CLUB INC, founded in 1981, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $8.6M exceeded revenue, resulting in a 32% 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 $4,549,988

Investment Income $56,971

Other Revenue $1,928,980

TOTAL REVENUE $6,535,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,489,396

Fundraising Expenses $0

Other Expenses $4,120,030

TOTAL EXPENSES $8,609,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,535,939	$4,861,730	+0.3%
Expenses	$8,609,426	$5,453,089	+0.6%
Net Income	$-2,073,487	$-591,359	+2.5%

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

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

$499,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL WENGER	2ND VICE PRESIDENT(THROUGH 4/23)/GOVENOR(AS OF 4/	1.00	Officer Director	$0	$0	$0
SAMANTHA VASSALLO	1ST VICE PRESIDENT(THROUGH 4/23)/GOVENOR(AS OF 4/	1.00	Officer Director	$0	$0	$0
CLYDE W REA	PRESIDENT (AS OF 4/23)	1.00	Officer Director	$0	$0	$0
WILLIAM PICKEN	GOVERNOR(THROUGH 4/23)/1ST VICE PRESIDENT(AS OF 4/	1.00	Officer Director	$0	$0	$0
JAMES PACE	SECRETARY	1.00	Officer Director	$0	$0	$0
SHELLY SAMUEL	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN TRUCKENBRODT	PRESIDENT (THROUGH 4/23)	1.00	Officer Director	$0	$0	$0
GERALDINE GARVEY	GOVERNOR(THROUGH 4/23)	1.00	Director	$0	$0	$0
THOMAS KOENIG	2ND VICE PRESIDENT (AS OF 4/23)	1.00	Officer	$0	$0	$0
SHANE PEACHEY	GENERAL MANAGER	50.00	Officer	$200,123	$15,113	$215,236
MICHAEL GALLIGHER	DIRECTOR OF FINANCE	40.00	Officer	$113,881	$16,199	$130,080
MIHAI RIPANU	ASSISTANT GM	50.00	Officer	$138,434	$15,452	$153,886
MARK PORCARO	EXECTIVE CHEF	50.00	Highest	$147,104	$8,475	$155,579

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	$6,535,939	$8,609,426	$21,086,176	$-2,073,487
2022	$4,861,730	$5,453,089	$22,718,548	$-591,359
2021	$3,383,841	$5,505,457	$19,659,849	$-2,121,616
2020	$4,602,598	$4,992,728	$13,612,006	$-390,130
2019	$5,063,738	$5,728,061	$12,440,445	$-664,323
2018	$5,005,240	$5,617,309	$12,353,302	$-612,069

DELRAY CLUB INC