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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Portland Country Club

Falmouth, ME · founded 1934

13 filings on recordFY 2012–2024medium confidence

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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

Expenses

$5.1M

▲ 24.7% / 5y

Total Assets

$17.0M

▲ 35.1% / 5y

Total Liabilities

$3.9M

▲ 40.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY20	FY21	FY22	FY23	FY24	Δ 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 · Employee	Reportable	Other
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

Vendor	Service	Paid
Turf Rehab Cambridge, NY	Turf & grounds	$347,261
Optimum Inc Portland, ME	Construction & renovation	$113,855
86 & Co Appleton, ME	Security & staffing	$100,401

Revenue by activity

FY24 · dues, greens fees, dining, and other sources

Line item	Amount
Membership dues	$4,425,329
Admission fees	$461,803
Green fees	$342,300
Equipment rental fees	$316,339
Racket sports and pool	$228,375

Balance sheet & capital

FY24 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$12.6M

book value, net of depreciation

Facility age

48%

accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY24 · Form 990, Part IX

Insurance	$112,597
Occupancy	$828,810
Depreciation & depletion	$909,042
Information technology	$61,807
Advertising & promotion	$36,413
Office expenses	$130,365
Legal fees	$2,455
Accounting fees	$17,350
Other professional fees	$236,966

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

PORTLAND COUNTRY CLUB 401(K) PLAN

pension · 53 participants · $4.2M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

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)

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