| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.0M | $7.0M | $7.0M | $6.1M | $7.4M | -8.3% |
| Expenses | $8.2M | $6.6M | $6.6M | $7.7M | $8.1M | -2.1% |
| Net surplus | -$179K | $403K | $403K | -$1.5M | -$678K | +278.1% |
| Total assets | $17.7M | $20.8M | $20.8M | $19.5M | $18.3M | +3.4% |
| Total liabilities | $2.3M | $4.6M | $4.6M | $5.5M | $4.9M | +117.2% |
| Net assets | $15.4M | $16.2M | $16.2M | $14.0M | $13.4M | -13.3% |
| Officer · Employee | Reportable | Other |
|---|---|---|
WILLIAM ROCCO Golf Course Superintendent· 50h/wk | $318,701 | $16,452 |
WILLIAM SHAW GENERAL MANAGER & COO· 50h/wk | $270,192 | $14,167 |
JOHN BOULWARE Controller· 50h/wk | $146,942 | $8,840 |
KEVIN WOOD PGA PROFESSIONAL· 50h/wk | $122,541 | $10,202 |
PATRICIA MAILLET General Manager· 50h/wk | $118,130 | $23,051 |
+ 10 unpaid officers/directors as reported (ALEX TATUM, CHARLES H MAHONEY, DAVID DEBIASE, +7 more)
| Vendor | Service | Paid |
|---|---|---|
KEVIN WOOD BURLINGTON, MA | PRO SHOP | $267,110 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND GOLF PRIVILEG | $5,294,096 |
| GOLF | $1,261,480 |
| INITIATION FEES | $393,000 |
| SWIM | $20,506 |
TFounded in 1965, The Salem Country Club Incorporated reported $7.38M of revenue for FY23, at an operating margin of -9.2%. Revenue moved up 20.1% 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.