Civic Intelligence

Twin Isles Country Clubinc

EIN 59-2542237 • 501(c)7 • Punta Gorda, FL

Profile

The club provides golf tennis and other related services as well as clubhouse facilities for its members.

301 Madrid BoulevardPunta Gorda, FL 33950

twinislescc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.80x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.97x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2020

Net Margin

16th percentile

-8.1%

Higher net margin than 16% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2020

Asset Growth

10th percentile

-9.1%

Faster asset growth than 10% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-6.8%

Faster revenue growth than 17% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,542,806

Down $255,171 (-9.1%) from 2019

Liabilities

Down

$2,041,105

Down $83,117 (-3.9%) from 2019

Net Assets

Down

$501,701

Down $172,054 (-26%) from 2019

Revenue

Down

$2,112,613

Down $154,805 (-6.8%) from 2019

Expenses

Down

$2,284,667

Down $33,514 (-1.4%) from 2019

Net Income

Down

-$172,054

Down $121,291 (-239%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,722,079Liabilities 2011: $2,374,882Net Assets 2011: $1,347,1972011Assets 2012: $3,476,720Liabilities 2012: $2,423,318Net Assets 2012: $1,053,4022012Assets 2013: $3,206,869Liabilities 2013: $2,220,023Net Assets 2013: $986,8462013Assets 2014: $2,904,142Liabilities 2014: $1,917,334Net Assets 2014: $986,8082014Assets 2015: $2,759,534Liabilities 2015: $1,890,445Net Assets 2015: $869,0892015Assets 2016: $2,604,727Liabilities 2016: $1,880,991Net Assets 2016: $723,7362016Assets 2017: $2,507,352Liabilities 2017: $1,884,137Net Assets 2017: $623,2152017Assets 2018: $2,517,370Liabilities 2018: $1,792,852Net Assets 2018: $724,5182018Assets 2019: $2,797,977Liabilities 2019: $2,124,222Net Assets 2019: $673,7552019Assets 2020: $2,542,806Liabilities 2020: $2,041,105Net Assets 2020: $501,7012020

Highlighted filing

2020

Assets$2,542,806
Liabilities$2,041,105
Net Assets$501,701

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,363,966Expenses 2011: $2,184,337Net Income 2011: $179,6292011Revenue 2012: $1,946,374Expenses 2012: $2,240,169Net Income 2012: -$293,7952012Revenue 2013: $1,976,800Expenses 2013: $2,043,356Net Income 2013: -$66,5562013Revenue 2014: $2,132,769Expenses 2014: $2,132,803Net Income 2014: -$342014Revenue 2015: $2,030,347Expenses 2015: $2,148,066Net Income 2015: -$117,7192015Revenue 2016: $2,048,641Expenses 2016: $2,193,994Net Income 2016: -$145,3532016Revenue 2017: $2,118,128Expenses 2017: $2,218,649Net Income 2017: -$100,5212017Revenue 2018: $2,302,450Expenses 2018: $2,201,147Net Income 2018: $101,3032018Revenue 2019: $2,267,418Expenses 2019: $2,318,181Net Income 2019: -$50,7632019Revenue 2020: $2,112,613Expenses 2020: $2,284,667Net Income 2020: -$172,0542020

Highlighted filing

2020

Revenue$2,112,613
Expenses$2,284,667
Net Income-$172,054

Filings

Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 21, 2019
Return Version
2018v3.1
Gross Receipts
$2,621,469
Mission and Program Overview

Mission

The club provides golf tennis and other related services as well as clubhouse facilities for its members.

The club provides golf, tennis and other related services as well as clubhouse facilities for its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,195,070$2,034,177▼ $160,893
Cash and Non-Interest-Bearing Accounts$51,200$205,597▲ $154,397
Accounts Receivable$142,076$142,483▲ $407
Inventories for Sale or Use$71,259$70,022▼ $1,237
Total Assets$2,507,352$2,517,370▲ $10,018
Other Assets Total$47,747$65,091▲ $17,344
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,116,509$1,038,409▼ $78,100
Other Liabilities$263,354$302,601▲ $39,247
Deferred Revenue$199,208$227,631▲ $28,423
Accounts Payable and Accrued Expenses$305,066$224,211▼ $80,855
Total Liabilities$1,884,137$1,792,852▼ $91,285
Net Assets / Fund Balance
Unrestricted Net Assets$623,215$724,518▲ $101,303
Total Net Assets Fund Balance$623,215$724,518▲ $101,303
Total Liabilities and Net Assets / Fund Balance$2,507,352$2,517,370▲ $10,018

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,300,134$4,626,381$5,926,515
Land$734,043-$734,043
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed BoutonPresident
Alan BoyntonPast Preside
Judy VanderweeleSecretary
Diane KandisTreasuer
Vince PedalinoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,543,648
Investment Income
$911
Other Revenue
$757,891
Change in Net Assets
$101,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,302,450
Total Revenue per Audited Statements
$2,302,450
Total Revenue per Form 990
$2,302,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,267,382
Salaries, Compensation, and Employee Benefits$933,765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$862,598
Fees for Services Other---$861,661
Depreciation Depletion---$219,509
Other Employee Benefits---$71,167
Insurance---$66,872
Interest---$57,814
Travel---$48,148
Advertising---$7,878
Fees for Services Accounting---$5,500
Total Functional Expenses$0$0$0$2,201,147

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,201,147
Total Expenses per Audited Statements$2,201,147
Total Expenses per Form 990$2,201,147
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Members$125,000
Prepaid Capital$122,127
Accrued Expenses$14,545
Sales Tax$13,428
Golf Shop Credit$11,135
Accrued Payroll$10,893
Server Tips$3,035
Security Deposit$950
Accrued Pro Shop$943
Christmas Fund$545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is review with finance committee prior to issue

Form 990, Page 6, Part VI, Line 19

Governing documents are available to public upon request

Filing and Contact Details

Filer

Filer Name
Twin Isles Country Clubinc
EIN
59-2542237
Phone
9416371232
Address
301 MADRID BOULEVARD, PUNTA GORDA, FL 33950

Signing Officer

Name
Ed Bouton
Title
President
Phone
9416371232
Signed
2019-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Bouton
Formed
1985
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mdennis Modrak CPA
Address
438 INTERSTATE CT, SARASOTA, FL 34240-8765
Preparer
M Dennis Modrak CPA
Phone
9413064698
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The club provides golf tennis and other related services as well as clubhouse facilities for its members

Form 990, Part IX, Line 11G

Bank charges 30,314 0 0 cable & phone 6,051 0 0 cart lease expense 90,089 0 0 contract services 122,965 0 0 equipment rental 1,144 0 0 data processing 5,244 0 0 dining expenses 26,840 0 0 driving range expense 1,816 0 0 dues and subscriptions 1,613 0 0 electricity 40,246 0 0 entertainment 3,513 0 0 fuel 10,502 0 0 legal fees 2,198 0 0 linen service 7,605 0 0 miscellaneous 26,533 0 0 office supplies 6,764 0 0 pest control 13,368 0 0 pool expense 4,356 0 0 promotions 3,801 0 0 repairs and maint 112,346 0 0 security-alarm system 649 0 0 taxes and licenses 35,298 0 0 tournaments 10,217 0 0 uniforms 1,944 0 0 water 11,491 0 0 cleaning 9,158 0 0 nonmember ub bank charges 23,819 0 0 ub cable and phone 4,755 0 0 ub cart lease 70,785 0 0 ub data processing 4,120 0 0 ub driving range 1,426 0 0 ub dues and subscriptions 1,267 0 0 ub entertainment 2,761 0 0 ub equipment rental 898 0 0 ub fuel 8,252 0 0 ub legal fees 1,727 0 0 ub linen service 5,976 0 0 ub office supplies 5,315 0 0 ub pest control 10,503 0 0 ub pool expense 3,423 0 0 ub security-alarm system 510 0 0 ub uniforms 1,528 0 0 ub taxes & licenses 27,735 0 0 ub electric 31,621 0 0 ub promotions 2,987 0 0 ub water 9,029 0 0 ub cleaning 7,196 0 0 ub dining 21,088 0 0 ub tournaments 8,027 0 0 ub miscellaneous 20,848 0 0 total 861,661 0 0

Raw XML Appendix324 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEW WITH FINANCE COMMITTEE PRIOR TO ISSUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK CHARGES 30,314 0 0 CABLE & PHONE 6,051 0 0 CART LEASE EXPENSE 90,089 0 0 CONTRACT SERVICES 122,965 0 0 EQUIPMENT RENTAL 1,144 0 0 DATA PROCESSING 5,244 0 0 DINING EXPENSES 26,840 0 0 DRIVING RANGE EXPENSE 1,816 0 0 DUES AND SUBSCRIPTIONS 1,613 0 0 ELECTRICITY 40,246 0 0 ENTERTAINMENT 3,513 0 0 FUEL 10,502 0 0 LEGAL FEES 2,198 0 0 LINEN SERVICE 7,605 0 0 MISCELLANEOUS 26,533 0 0 OFFICE SUPPLIES 6,764 0 0 PEST CONTROL 13,368 0 0 POOL EXPENSE 4,356 0 0 PROMOTIONS 3,801 0 0 REPAIRS AND MAINT 112,346 0 0 SECURITY-ALARM SYSTEM 649 0 0 TAXES AND LICENSES 35,298 0 0 TOURNAMENTS 10,217 0 0 UNIFORMS 1,944 0 0 WATER 11,491 0 0 CLEANING 9,158 0 0 NONMEMBER UB BANK CHARGES 23,819 0 0 UB CABLE AND PHONE 4,755 0 0 UB CART LEASE 70,785 0 0 UB DATA PROCESSING 4,120 0 0 UB DRIVING RANGE 1,426 0 0 UB DUES AND SUBSCRIPTIONS 1,267 0 0 UB ENTERTAINMENT 2,761 0 0 UB EQUIPMENT RENTAL 898 0 0 UB FUEL 8,252 0 0 UB LEGAL FEES 1,727 0 0 UB LINEN SERVICE 5,976 0 0 UB OFFICE SUPPLIES 5,315 0 0 UB PEST CONTROL 10,503 0 0 UB POOL EXPENSE 3,423 0 0 UB SECURITY-ALARM SYSTEM 510 0 0 UB UNIFORMS 1,528 0 0 UB TAXES & LICENSES 27,735 0 0 UB ELECTRIC 31,621 0 0 UB PROMOTIONS 2,987 0 0 UB WATER 9,029 0 0 UB CLEANING 7,196 0 0 UB DINING 21,088 0 0 UB TOURNAMENTS 8,027 0 0 UB MISCELLANEOUS 20,848 0 0 TOTAL 861,661 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02507352
IRS990/TotalAssetsEOYAmt02517370
IRS990/TotalAssetsGrp/BOYAmt02507352
IRS990/TotalAssetsGrp/EOYAmt02517370
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02201147
IRS990/TotalGrossUBIAmt0714049
IRS990/TotalLiabilitiesBOYAmt01884137
IRS990/TotalLiabilitiesEOYAmt01792852
IRS990/TotalLiabilitiesGrp/BOYAmt01884137
IRS990/TotalLiabilitiesGrp/EOYAmt01792852
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0623215
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0724518
IRS990/TotalProgramServiceRevenueAmt01543648
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01588401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02302450
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0714049
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02507352
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02517370
IRS990/TravelGrp/TotalAmt048148
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0623215
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0724518
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0TWINISLESCC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ED BOUTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09416371232
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWIN ISLES COUNTRY CLUBINC
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0592542237
ReturnHeader/Filer/PhoneNum09416371232
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 MADRID BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0PUNTA GORDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033950
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId011D08EB2F5BE2EC3AE7D51D9233745753A7734C1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DA0BFC1D7EEB97DFC8E3018F2B497D4275FCE6DA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-10-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:46:14
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MDENNIS MODRAK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0438 INTERSTATE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0342408765
ReturnHeader/PreparerPersonGrp/PhoneNum09413064698
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M DENNIS MODRAK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-06T11:46:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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