BOCA GROVE GOLF & TENNIS CLUB INC (EIN 592197326) - 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

1982

Legal Domicile

Principal Officer

MARC GILLMAN

Phone

5614875300

Tax Period

2021-01-01 to 2021-12-31

BOCA GROVE GOLF & TENNIS CLUB INC, founded in 1982, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2021. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $14.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BIND THE CLUB'S MEMBERS TOGETHER BY A COMMON PURPOSE 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,284,298

Investment Income $38,180

Other Revenue $2,634,478

TOTAL REVENUE $11,956,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,328,588

Fundraising Expenses $0

Other Expenses $6,696,746

TOTAL EXPENSES $14,025,334

Year-over-Year Comparison

	2021	2020	Change
Revenue	$11,956,956	$8,903,972	+0.3%
Expenses	$14,025,334	$11,814,383	+0.2%
Net Income	$-2,068,378	$-2,910,411	-0.3%

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

234

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

$497,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC GILLMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE SAGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDY STALLONE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM PERILSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY COHEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN COHN	DIRECTOR	1.00	Director	$0	$0	$0
MARLA GREENSPAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JOLLY	GENERAL MANAGER	55.00	Officer	$271,403	$5,267	$276,670
RONALD R MARCUCCI	CHIEF FINANCIAL OFFICER (THROUGH 6/21)	55.00	Officer	$116,978	$2,651	$119,629
PATRICK SHALLOO	CHIEF FINANCIAL OFFICER (AS OF 6/21)	55.00	Officer	$100,950	$0	$100,950
DOMINICK LAUDIA	EXECUTIVE CHEF (THROUGH 10/21)	55.00	Highest	$187,139	$8,524	$195,663
DAVID SIRKO	EXECUTIVE CHEF (AS OF 10/21)	55.00	Highest	$109,901	$8,605	$118,506
RAFAEL BARAJAS	GOLF COURSE SUPERINTENDENT	55.00	Highest	$231,920	$9,969	$241,889
RICHARD CENTERBAR	HEAD TENNIS PRO	55.00	Highest	$140,045	$7,743	$147,788
DAVID SCHLUETER	DIRECTOR OF FITNESS	55.00	Highest	$109,663	$9,671	$119,334

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
2021	$11,956,956	$14,025,334	No data	$-2,068,378
2020	$8,903,972	$11,814,383	$33,310,975	$-2,910,411
2019	$10,460,086	$13,017,846	$32,381,000	$-2,557,760
2018	$9,801,986	$12,456,632	$31,779,217	$-2,654,646

BOCA GROVE GOLF & TENNIS CLUB INC