Coral Ridge Yacht Club

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

16 people listed

NADINE ROCKWELL (GENERAL MANAGER (THROUGH 9/1/24)): $199,256 total reported compensation
KIM LODOVICO (CONTROLLER): $162,019 total reported compensation
STEVEN ZOBEL (HEAD CHEF): $120,076 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To bind the club's members together under a common purpose directed at pleasure and recreation.

The club provides food, beverage, entertainment, and dockage for yacht club members.

Revenue model: Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -10%; rating input score 13; 13th percentile among comparable filings
Total-asset coverage ratio: 2.64; rating input score 70; 70th percentile among comparable filings
Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
Officer compensation ratio: 8.9%; rating input score 33; 33rd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
Asset growth: 18.4% per year; rating input score 100; 81st percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $199K · 16 people listed · 2 of 6 pay-setting controls reported
Consistency: 13 of 13 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 13 filing years from 2012 to 2024
Contacts: How to reach this organization
Money network: 4 filed money-flow records
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Signals prioritize questions for review. They are not findings of misconduct.