GRAND HARBOR GOLF & BEACH CLUB INC (EIN 650302339) - 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

1991

Legal Domicile

Principal Officer

MICHAEL GIBSON

Phone

7727789000

Tax Period

2023-10-01 to 2024-09-30

GRAND HARBOR GOLF & BEACH CLUB INC, founded in 1991, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2023. Expenses of $18.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BIND ITS MEMBERS TOGETHER BY 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 $12,935,517

Investment Income $353,652

Other Revenue $2,668,624

TOTAL REVENUE $15,957,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,724,803

Fundraising Expenses $0

Other Expenses $8,537,039

TOTAL EXPENSES $18,261,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,957,793	N/A	N/A
Expenses	$18,261,842	N/A	N/A
Net Income	$-2,304,049	$0	N/A

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

281

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

$611,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS KRUGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN DONOHUE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH POJANOWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG GERMER	TREASURER	1.00	Officer Director	$0	$0	$0
SIMON CALDECOTT	GOVERNOR	1.00	Director	$0	$0	$0
ROGER ANDRUS	GOVERNOR	1.00	Director	$0	$0	$0
KIM STROM	GOVERNOR	1.00	Director	$0	$0	$0
LYNDA BUTLER	GOVERNOR	1.00	Director	$0	$0	$0
TIM CUTLER	GOVERNOR	1.00	Director	$0	$0	$0
MICHAEL GIBSON	COO & GENERAL MANAGER & CEO	45.00	Officer	$499,865	$17,688	$517,553
JENNIFER MOORE	CFO	45.00	Officer	$91,058	$2,505	$93,563
JOSH BREDA	DIRECTOR OF AGRONOMY	45.00	Highest	$193,539	$13,742	$207,281
TROY PARE	DIRECTOR OF GOLF	45.00	Highest	$183,238	$14,311	$197,549
SHAIN RODRIGUES	ASSISANT GM	45.00	Highest	$183,158	$13,354	$196,512
JOE FERRO	EXECUTIVE CHEF	45.00	Highest	$162,559	$2,589	$165,148
MATTHEW DEPINO	DIRECTOR OF FACILITIES	45.00	Highest	$157,288	$13,640	$170,928

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	$15,957,793	$18,261,842	$46,260,518	$-2,304,049
2023	$5,091,184	$5,838,665	$40,766,547	$-747,481

GRAND HARBOR GOLF & BEACH CLUB INC