TEDE501(c)(7) · MEDIUMNAICS 713910EIN 04-1895530

Tedesco Country Club

Marblehead, MA · founded 1934
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$9.13M
▲ 10.7% YoY
FY23 Total Expenses
$8.15M
▲ 9.9% YoY
Operating Margin
10.7%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$9.1M
▲ 40.1% / 5y
6.57.37.38.29.1
Expenses
$8.2M
▲ 28.1% / 5y
6.46.66.67.48.2
Total Assets
$21.9M
▲ 17.5% / 5y
18.719.919.921.421.9
Total Liabilities
$6.2M
▼ 4.2% / 5y
6.56.06.06.76.2

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$6.5M$7.3M$7.3M$8.2M$9.1M+40.1%
Expenses$6.4M$6.6M$6.6M$7.4M$8.2M+28.1%
Net surplus$153K$772K$772K$829K$978K+537.7%
Total assets$18.7M$19.9M$19.9M$21.4M$21.9M+17.5%
Total liabilities$6.5M$6.0M$6.0M$6.7M$6.2M-4.2%
Net assets$12.1M$13.9M$13.9M$14.7M$15.7M+29.1%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
MICHAEL MCGILLICUDDY
General Manager· 50h/wk
$340,941$38,110
RYAN TRAIN
Head Golf Professional· 50h/wk
$166,463$24,805
PETER HASAK
SUPER/GROUNDS· 50h/wk
$157,580$37,233
DAVID TOLLERUD
Executive Chef· 50h/wk
$114,134
DAO VO
FACILITIES· 50h/wk
$103,735$22,464

+ 9 unpaid officers/directors as reported (BRAD TUFTS, FRANK SWEENY, JAMES MCCATHERN, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$4,365,649
INITIATION FEES$885,370
CAPITAL ASSESSMENT$727,718

TFounded in 1934, Tedesco Country Club reported $9.13M of revenue for FY23, at an operating margin of 10.7%. Revenue moved up 10.7% 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, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 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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