Port Royal Club

What it reported doing in 2024

The port royal club (prc) is a private beach club offering dining, fitness, swimming, and social facilities for its members. The club is normally open from mid-august until mid july, when it closes for a month. The port royal clubhouse was severely damaged in hurricane ian in september 2022. The club's dining facilities have been operating via various temporary set-ups, including a dining tent and food trucks. When the new clubhouse opens, the club will resume normal operations, with modifications as needed to accommodate the new building. Under normal circumstances: the welcome back party in november welcomes members when they come into town bringing their families for the season.other parties are prepared to celebrate important dates, such as halloween, thanksgiving, christmas, new year's eve, super bowl, valentine's day, easter, memorial day and independence day. A continental breakfast is offered every morning from 7:30 to 10 a.m., except on mondays, november thru may.prc also offers a la carte lunch (12-3 p.m.) and dinner (5-9 p.m.) tuesday through saturday, closed sunday evenings may to november. Many friday nights in season, at the main dining room, there is a seafood buffet, and to finish the weekend, there is a sunday brunch and sunday sunset dinner.the club can accommodate up to 300 people for private parties including birthdays, weddings, christmas parties.the port royal club has a fitness center across the street from the clubhouse. Amenities include: technogym equipment - among the finest in the world, personal training, pilates and aerobics rooms. The members can also make appointments for massage and facial treatments.along with the fitness facilities there are nine hydro-grid tennis courts and a pro shop.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • 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

Sustainability

• Operating margin: 56.2%; rating input score 95; 95th percentile among comparable filings
• Total-asset coverage ratio: 9.85; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.11; rating input score 71; 71st percentile among comparable filings
• Officer compensation ratio: 15.2%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 10.7% per year; rating input score 100; 77th percentile among comparable filings
• Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings