THE BROKEN SOUND CLUB 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

1986

Legal Domicile

Principal Officer

KEN KOSAK

Phone

5612416834

Tax Period

2023-10-01 to 2024-09-30

THE BROKEN SOUND CLUB INC, founded in 1986, is a mid-sized nonprofit in the Recreation & Sports sector that reported $50.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $62.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

BROKEN SOUND COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL SERVICES.

Program Service Accomplishments

Program 1

THE CLUB MAINTAINS AND OPERATES TWO 18 HOLE GOLF COURSES. ROUNDS PLAYED DURING THE YEAR WERE APPROXIMATELY 52,000 OF WHICH 130 WERE NONMEMBER RELATED.

Program 2

THE CLUB MAINTAINS DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS. TOTAL FOOD AND BEVERAGE SALES FOR THE YEAR WAS $8,974,841 OF WHICH $2,367,434 WAS NONMEMBER.

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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 $45,846,477

Investment Income $291,017

Other Revenue $4,373,470

TOTAL REVENUE $50,510,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,961,911

Fundraising Expenses $0

Other Expenses $31,748,978

TOTAL EXPENSES $62,710,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,510,964	$42,775,229	+0.2%
Expenses	$62,710,889	$54,814,811	+0.1%
Net Income	$-12,199,925	$-12,039,582	+0.0%

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

524

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

$218,594

Total Directors

Key Employees

$280,051

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BAUER DAVID	PRESIDENT	10.00	Officer Director	$0	$0	$0
MINERVA MATTHEW	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SCHAFFER DEAN	TREASURER	5.00	Officer Director	$0	$0	$0
TARLER GENE	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVIDSON LARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
GOLDWERT DALIT	BOARD MEMBER	1.00	Director	$0	$0	$0
HOENIG GEORGE	BOARD MEMBE	1.00	Director	$0	$0	$0
HOFFBERGER ROBYN	BOARD MEMBER	1.00	Director	$0	$0	$0
NHAISI VICTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSEN TERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
STECKER ARIANA	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN KOSAK	COO & GENERAL MANAGER (AS OF 1/24)	40.00	Officer	$0	$0	$0
PAT SORENSON	CHIEF FINANCIAL OFFICER (AS OF 1/24)	40.00	Officer	$0	$0	$0
LISA HUTCHERSON	DIRECTOR OF FINANCE (THROUGH 11/23)	40.00	Officer	$212,328	$6,266	$218,594
LORANT BOTHA	ASSISTANT GENERAL MANAGER (THROUGH 10/23)	40.00	Key Emp	$268,517	$11,534	$280,051
RICHARD SUTTON	DIRECTOR OF GOLF	40.00	Highest	$172,249	$15,853	$188,102
TOMAS DIAZ	DIRECTOR OF FACILITIES	40.00	Highest	$195,522	$12,077	$207,599
JORGE RODRIGUEZ	CHEF (THROUGH 12/23)	40.00	Highest	$164,913	$7,854	$172,767
JESSICA GONZALEZ	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$157,570	$3,439	$161,009
JEFFREY WABER	DIRECTOR OF GOLF	40.00	Highest	$158,825	$14,356	$173,181

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	$50,510,964	$62,710,889	$116,243,423	$-12,199,925
2023	$42,775,229	$54,814,811	$112,075,543	$-12,039,582
2022	$38,229,245	$42,149,054	$102,881,119	$-3,919,809
2021	$29,709,984	$33,704,987	$75,034,452	$-3,995,003
2020	$31,545,213	$36,710,215	$64,846,013	$-5,165,002
2019	$32,758,266	$40,471,510	$62,854,049	$-7,713,244
2018	$33,297,303	$38,162,022	$64,885,969	$-4,864,719