Hobe Sound Golf 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

1987

Legal Domicile

Principal Officer

Robert Kozik

Phone

7725464600

Tax Period

2021-01-01 to 2021-12-31

Hobe Sound Golf Club Inc, founded in 1987, is a community nonprofit in the Recreation & Sports sector that reported $3.8M in total revenue in fiscal year 2021. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

To bind members together by a common objective directed at pleasure and recreation.

Program Service Accomplishments

Program 1

The Club maintains and operates an 18 hole golf course. Total rounds played during the year were approximately 22,560 by members and 1,606 by non-members.

Program 2

The Club maintains a dining facility for the benefit of the members and their guests. Total food and beverage sales for the year were $634,241, of which $42,296 were for non-members.

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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 $2,618,340

Program Service Revenue $709,251

Investment Income $249

Other Revenue $427,696

TOTAL REVENUE $3,755,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,061,073

Fundraising Expenses $0

Other Expenses $2,451,866

TOTAL EXPENSES $4,512,939

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,755,536	$3,231,655	+0.2%
Expenses	$4,512,939	$4,063,909	+0.1%
Net Income	$-757,403	$-832,254	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President	1.00	Officer Director	$0	$0	$0
N/A	Vice President	1.00	Officer Director	$0	$0	$0
N/A	Secretary	1.00	Officer Director	$0	$0	$0
N/A	Treasurer	1.00	Officer Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0
Sue McMurdy	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0

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
2021	$3,755,536	$4,512,939	$16,046,996	$-757,403