THE CLUB AT BAREFOOT BEACH INC (EIN 650604776) - 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

1995

Legal Domicile

Principal Officer

CRAIG ROYAL

Phone

2399920024

Tax Period

2024-10-01 to 2025-09-30

THE CLUB AT BAREFOOT BEACH INC, founded in 1995, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 99% operating deficit.

Mission

PROVIDE SOCIAL AMENITIES SUCH AS BEACH ACCESS, TENNIS, SWIMMING, AND DINING TO THE MEMBERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,817,792

Investment Income $44,247

Other Revenue $-420,686

TOTAL REVENUE $2,441,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,486,969

Fundraising Expenses $0

Other Expenses $3,365,374

TOTAL EXPENSES $4,852,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,441,353	$7,450,112	-0.7%
Expenses	$4,852,343	$5,183,345	-0.1%
Net Income	$-2,410,990	$2,266,767	-2.1%

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

$325,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TEONA WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
BRETT SHOCKLEY	DIRECTOR	0.50	Director	$0	$0	$0
RALPH SBROGNA	DIRECTOR	0.50	Director	$0	$0	$0
RHETT ROBICHEAUX	GENERAL MANAGER	40.00	Officer	$298,779	$26,702	$325,481
WILLIAM TOLER	PRESIDENT	0.50	Officer	$0	$0	$0
CLYDE BEVERUNG	VICE PRESIDENT	0.50	Officer	$0	$0	$0
CRAIG ROYAL	TREASURER	0.50	Officer	$0	$0	$0
BRYAN PUTT	SECRETARY	0.50	Officer	$0	$0	$0
LAZARO GARCIA	EXECUTIVE CHEF	40.00	Highest	$153,882	$4,369	$158,251

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	$2,441,353	$4,852,343	$19,603,236	$-2,410,990
2024	$7,450,112	$5,183,345	$20,412,477	$2,266,767
2023	$9,197,540	$4,666,787	$16,321,264	$4,530,753
2022	$1,897,533	$3,547,266	$11,436,338	$-1,649,733
2021	$4,464,586	$3,496,962	$10,296,529	$967,624
2020	$3,495,097	$3,333,879	$9,183,832	$161,218
2019	$3,831,815	$3,541,295	$8,928,410	$290,520
2018	$3,505,182	$3,448,257	$8,774,453	$56,925

THE CLUB AT BAREFOOT BEACH INC