CORAL CREEK CLUB MEMBER ACQUISITION CORP (EIN 874087366) - 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

2021

Legal Domicile

Principal Officer

JOE SIMAN

Phone

9416971683

Tax Period

2023-10-01 to 2024-09-30

CORAL CREEK CLUB MEMBER ACQUISITION CORP, founded in 2021, is a mid-sized nonprofit in the Recreation & Sports sector that reported $12.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $5.0M, a strong 39% operating margin.

Mission

PRIVATE MEMBER OWNED GOLF CLUB, OPERATED FOR THE MUTUAL ENJOYMENT & BENEFIT OF ITS MEMBERS & GUESTS

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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 $10,311,545

Investment Income $296,312

Other Revenue $2,276,870

TOTAL REVENUE $12,884,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,756,755

Fundraising Expenses $0

Other Expenses $4,166,972

TOTAL EXPENSES $7,923,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,884,727	$13,696,463	-0.1%
Expenses	$7,923,727	$8,836,915	-0.1%
Net Income	$4,961,000	$4,859,548	+0.0%

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

114

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

Total Directors

Key Employees

$528,517

Highest Compensated

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	VP	3.00	Officer Director	$0	$0	$0
FRAN EDWARDSON	SECRETARY	3.00	Officer Director	$0	$0	$0
JON MELZER	SECRETARY	3.00	Director	$0	$0	$0
CASEY NEWELL	TREASURER	3.00	Director	$0	$0	$0
AMY CLICK	BOARD MEMBER	3.00	Director	$0	$0	$0
BILL LAPOINT	BOARD MEMBER	3.00	Director	$0	$0	$0
FRAN EDWARDSON	BOARD MEMBER	3.00	Director	$0	$0	$0
COURTNEY MCGOVERN	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
THOMAS NOYES	GENERAL MANAGER	40.00	Key Emp	$253,709	$18,701	$272,410
ERIN STEVENS	DIRECTOR OF AGRONOMY	40.00	Key Emp	$238,594	$17,513	$256,107
JAMES LOHBAUER	DIRECTOR OF GOLF	40.00	Highest	$159,848	$18,701	$178,549
ALISON NASH	CLUBHOUSE MANAGER	40.00	Highest	$129,298	$6,141	$135,439

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	$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

CORAL CREEK CLUB MEMBER ACQUISITION CORP