THE LOXAHATCHEE CLUB INC

EIN: 592784038 Recreation & Sports

JUPITER, FL

Total Revenue
$13,643,431
Total Expenses
$15,560,223
Total Assets
$27,724,179
Net Assets
$17,304,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
DAN MYERS
Phone
5617446168
Tax Period
2023-09-01 to 2024-08-31

THE LOXAHATCHEE CLUB INC, founded in 1984, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $15.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE LOXAHATCHEE CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

THE LOXAHATCHEE CLUB PROVIDES DINING AND RECREATIONAL FACILITIES FOR ITS MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR ENDED 8/31/23 WERE 2,499,919 OF WHICH 251,575 WERE NON-MEMBER RELATED.

Program 2

THE CLUB'S REVENUE FROM PRO SHOP SALES TOTALED 731,096 FOR THE YEAR ENDED 8/31/24 OF WHICH 401,245 WAS NON-MEMBER RELATED.

Program 3

NON-MEMBER ROUNDS OF GOLF PLAYED DURING THE YEAR WERE 5,861 OUT OF A TOTAL OF 25,145 ROUNDS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,315,811
Program Service Revenue $1,096,568
Investment Income $-358,083
Other Revenue $4,589,135
TOTAL REVENUE $13,643,431

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,079,382
Fundraising Expenses $0
Other Expenses $8,480,841
TOTAL EXPENSES $15,560,223

Year-over-Year Comparison

2023 2022 Change
Revenue $13,643,431 $12,561,473 +0.1%
Expenses $15,560,223 $16,228,643 0.0%
Net Income $-1,916,792 $-3,667,170 -0.5%
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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Governance

Voting Members
6
Independent Members
6
Employees
184
Volunteers
N/A

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
4
$608,216
Total Directors
12
$608,216
Key Employees
1
$211,457
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ARMBRUST PRESIDENT N/A
Officer Director
$0 $0 $0
BOB KELLEY TREASURER EL N/A
Officer Director
$0 $0 $0
DAN MYERS SECRETARY 40.00
Officer Director
$330,928 $33,083 $364,011
MICHAEL ANANIA GOVERNOR N/A
Director
$0 $0 $0
NOREEN CULHANE GOVERNOR N/A
Director
$0 $0 $0
BOB FARRELL GOVERNOR N/A
Director
$0 $0 $0
STEPHANIE GREISCH GOVERNOR N/A
Director
$0 $0 $0
JOE NORBERG GOVERNOR N/A
Director
$0 $0 $0
BRENDA PRESCOTT GOVERNOR N/A
Director
$0 $0 $0
DAVID LEVIN HOA PRES, EX N/A
Director
$0 $0 $0
JACK NICKLAUS HONORARY GOV N/A
Director
$0 $0 $0
TARA GRIGG CFO / CONTRO 40.00
Officer Director
$225,600 $18,605 $244,205
JAMES SPRANKLE III GOLF COURSE 40.00
Highest
$267,080 $31,499 $298,579
MATT LUCCHESI GOLF PRO 40.00
Key Emp
$182,094 $29,363 $211,457
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 No data No data No data No data
2024 $13,643,431 $15,560,223 $27,724,179 $-1,916,792
2023 $12,561,473 $16,228,643 $30,540,513 $-3,667,170
2022 $11,290,558 $14,283,398 $33,280,282 $-2,992,840
2021 $11,028,424 $10,725,992 $34,160,817 $302,432
2020 $9,381,995 $11,559,935 $28,419,780 $-2,177,940
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