CORAL CREEK CLUB MEMBER ACQUISITION CORP

EIN: 874087366 Recreation & Sports

PLACIDA, FL

Total Revenue
$10,209,428
Total Expenses
$8,102,782
Total Assets
$28,554,312
Net Assets
$10,914,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
JOE SIMAN
Phone
9416971683
Tax Period
2024-10-01 to 2025-09-30

CORAL CREEK CLUB MEMBER ACQUISITION CORP, founded in 2021, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 21% operating margin.

Mission

CORAL CREEK CLUB IS A PRIVATE MEMBER OWNED GOLF CLUB, OPERATED FOR THE MUTUAL ENJOYMENT AND BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

TAX EXEMPT CLUB ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,224,354
Investment Income $194,275
Other Revenue $1,790,799
TOTAL REVENUE $10,209,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,621,510
Fundraising Expenses $0
Other Expenses $4,481,272
TOTAL EXPENSES $8,102,782

Year-over-Year Comparison

2024 2023 Change
Revenue $10,209,428 $12,884,727 -0.2%
Expenses $8,102,782 $7,923,727 +0.0%
Net Income $2,106,646 $4,961,000 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
102
Volunteers
11

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
5
$0
Total Directors
11
$0
Key Employees
3
$597,259
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE MORRISON PRESIDENT 3.00
Officer Director
$0 $0 $0
TED DEVNEW PRESIDENT 3.00
Officer Director
$0 $0 $0
DAN DANIEL VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
JON MELZER SECRETARY 3.00
Officer Director
$0 $0 $0
CASEY NEWELL TREASURER 3.00
Officer Director
$0 $0 $0
AMY CLICK BOARD MEMBER 3.00
Director
$0 $0 $0
BILL LAPOINT BOARD MEMBER 3.00
Director
$0 $0 $0
COLLIN CARRICO BOARD MEMBER 3.00
Director
$0 $0 $0
JIM MURPHY BOARD MEMBER 3.00
Director
$0 $0 $0
ZAYRA CALDERON BOARD MEMBER 3.00
Director
$0 $0 $0
LINDSAY HOOPER BOARD MEMBER 3.00
Director
$0 $0 $0
TEEJAY ALDERDICE GENERAL MANAGER 40.00
Key Emp
$200,193 $5,024 $205,217
ERIN STEVENS DIRECTOR OF AGRONOMY 40.00
Key Emp
$160,384 $12,877 $173,261
CHRISTOPHER VANUS CFO 40.00
Key Emp
$198,129 $20,652 $218,781
JAMES LOHBAUER DIRECTOR OF GOLF 40.00
Highest
$207,401 $19,566 $226,967
ALISON NASH CLUBHOUSE MANAGER 40.00
Highest
$126,943 $6,114 $133,057
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 $10,209,428 $8,102,782 $28,554,312 $2,106,646
2024 $12,884,727 $7,923,727 $27,353,929 $4,961,000
2023 $13,696,463 $8,836,915 $24,330,995 $4,859,548
2022 $800,258 $1,652,238 $14,118,650 $-851,980
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