PORT501(c)(7) · MEDIUMNAICS 713910EIN 01-0142660

Portland Country Club

Falmouth, ME · founded 1934
13 filings on recordFY 20122024medium confidence
FY24 Total Revenue
$5.92M
▲ 6.0% YoY
FY24 Total Expenses
$5.11M
▲ 2.2% YoY
Operating Margin
13.7%
revenue minus expenses ÷ revenue
Employees
140
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$5.9M
▲ 22.8% / 5y
4.85.75.75.65.9
Expenses
$5.1M
▲ 24.7% / 5y
4.14.64.65.05.1
Total Assets
$17.0M
▲ 35.1% / 5y
12.615.815.816.017.0
Total Liabilities
$3.9M
▲ 40.5% / 5y
2.84.14.13.73.9

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$4.8M$5.7M$5.7M$5.6M$5.9M+22.8%
Expenses$4.1M$4.6M$4.6M$5.0M$5.1M+24.7%
Net surplus$725K$1.1M$1.1M$588K$813K+12.1%
Total assets$12.6M$15.8M$15.8M$16.0M$17.0M+35.1%
Total liabilities$2.8M$4.1M$4.1M$3.7M$3.9M+40.5%
Net assets$9.8M$11.7M$11.7M$12.3M$13.1M+33.6%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther
James Gusella
General Manager· 40h/wk
$272,262$32,691
Daniel Venezio
Head Golf Professional· 40h/wk
$139,219$18,501
Elaine Runyon
Controller· 40h/wk
$126,099$16,939
James Christie
Golf Superintendent· 40h/wk
$125,012$25,511
Thomas A Dillman
Head Rackets Pro· 40h/wk
$113,645$16,799
Kenneth MacDonald
Executive Chef· 40h/wk
$112,969$5,455

+ 13 unpaid officers/directors as reported (Arthur W Batson III, Edward S McKersie, Eugene G Ardito, +10 more)

Top contractors

FY24 · vendors paid $100k+ as reported
VendorServicePaid
Turf Rehab
Cambridge, NY
Landscaping$347,261
Optimum Inc
Portland, ME
Construction and renovations$113,855
86 & Co
Appleton, ME
Staffing solutions$100,401

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
Membership dues$4,425,329
Admission fees$461,803
Green fees$342,300
Equipment rental fees$316,339
Racket sports and pool$228,375

PFounded in 1934, Portland Country Club reported $5.92M of revenue for FY24, at an operating margin of 13.7%. Revenue moved up 6.0% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.

Source documents
Form 990, FY2024 · period ending Sun Mar 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Fri Mar 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Thu Mar 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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