BOCA WOODS COUNTRY CLUB ASSOCIATION INC (EIN 592720777) - 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

1986

Legal Domicile

Principal Officer

HOWARD MITTLEMAN

Phone

5614872800

Tax Period

2023-11-01 to 2024-10-31

BOCA WOODS COUNTRY CLUB ASSOCIATION INC, founded in 1986, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2023. Expenses of $20.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER WITH 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 $15,405,197

Investment Income $-348,922

Other Revenue $1,503,668

TOTAL REVENUE $16,559,943

Expense Breakdown

Grants Paid $5,820

Salaries & Benefits $11,736,104

Fundraising Expenses $0

Other Expenses $8,289,370

TOTAL EXPENSES $20,031,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,559,943	$15,811,012	+0.0%
Expenses	$20,031,294	$18,380,819	+0.1%
Net Income	$-3,471,351	$-2,569,807	+0.4%

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

291

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

$725,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD MITTLEMAN	PRESIDENT	30.00	Officer Director	$0	$0	$0
ARTHUR LEVINSON	SECRETARY	6.00	Officer Director	$0	$0	$0
HAROLD SCHECHTER	TREASURER	6.00	Officer Director	$0	$0	$0
JAMIE LEON	ASST. TREASURER	10.00	Officer Director	$0	$0	$0
ROZANNE DINATALE	DIRECTOR	10.00	Director	$0	$0	$0
ARLENE PRINCE	DIRECTOR	6.00	Director	$0	$0	$0
TOM PARADISE	DIRECTOR	6.00	Director	$0	$0	$0
FRANK ATCHESON	DIRECTOR	6.00	Director	$0	$0	$0
STEPHEN HORWITZ	DIRECTOR	6.00	Director	$0	$0	$0
BERNICE HIRSCHHORN	DIRECTOR	6.00	Director	$0	$0	$0
PETER BASS	DIRECTOR	6.00	Director	$0	$0	$0
PETER KAPLAN	DIRECTOR	6.00	Director	$0	$0	$0
DONNA WEINER	DIRECTOR	6.00	Director	$0	$0	$0
STEPHEN FAIN	DIRECTOR	6.00	Director	$0	$0	$0
DAVID SWEET	GM/COO	50.00	Officer	$273,037	$34,242	$307,279
TRACY BRADBURY	ASSISTANT GM	50.00	Officer	$200,372	$15,081	$215,453
MURRAY ZIRMAN	CONTROLLER (THROUGH 4/24/24)	50.00	Officer	$165,229	$37,667	$202,896
RICKE COOKE	CFO (AS OF 7/2/24)	50.00	Officer	$0	$0	$0
WILLIAM HIRCHERT	DIRECTOR OF AGRONOMY	50.00	Highest	$314,520	$38,653	$353,173
JEFFREY GULLETT	DIRECTOR OF GOLF	50.00	Highest	$200,372	$18,093	$218,465

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	$16,559,943	$20,031,294	$38,747,916	$-3,471,351
2023	$15,811,012	$18,380,819	$32,323,418	$-2,569,807
2022	$12,627,693	$15,156,958	$31,167,271	$-2,529,265
2021	$11,146,992	$13,240,381	$28,542,388	$-2,093,389
2020	$10,925,680	$12,599,572	$26,079,908	$-1,673,892
2019	$11,123,332	$12,682,438	$24,576,772	$-1,559,106
2018	$11,214,492	$12,371,055	$22,915,645	$-1,156,563

BOCA WOODS COUNTRY CLUB ASSOCIATION INC