RIHO501(c)(7) · MEDIUMNAICS 713910EIN 05-0208030
Rhode Island Country Club
Barrington, RI · founded 1934
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.11M
▲ 6.1% YoY
FY23 Total Expenses
$6.03M
▲ 5.0% YoY
Operating Margin
1.4%
revenue minus expenses ÷ revenue
Employees
242
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.1M
▲ 36.9% / 5y
Expenses
$6.0M
▲ 19.8% / 5y
Total Assets
$14.0M
▲ 74.6% / 5y
Total Liabilities
$6.8M
▲ 592.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $5.1M | $5.1M | $5.8M | $6.1M | +36.9% |
| Expenses | $5.0M | $5.2M | $5.2M | $5.7M | $6.0M | +19.8% |
| Net surplus | -$566K | -$130K | -$130K | $21K | $85K | -115.1% |
| Total assets | $8.0M | $10.6M | $10.6M | $13.3M | $14.0M | +74.6% |
| Total liabilities | $976K | $3.8M | $3.8M | $6.3M | $6.8M | +592.3% |
| Net assets | $7.0M | $6.8M | $6.8M | $7.0M | $7.2M | +2.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ANDREW HANNAH Golf Course Superintendent· 40h/wk | $174,719 | $10,727 |
KYLE PHELPS Head Golf Professional· 40h/wk | $141,454 | $11,151 |
PHIL FOZO FORMER CLUB MANAGER· 40h/wk | $139,487 | $3,131 |
JAY DWYER Controller· 40h/wk | $129,083 | — |
ANTHONY GLIECO Executive Chef· 40h/wk | $119,272 | $12,757 |
+ 16 unpaid officers/directors as reported (ANDREW RESMINI, CHRISTOPHER COLEMAN, CHRISTOPHER PATTON, +13 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $4,561,149 |
| GREENS FEES | $437,536 |
| CART RENTALS | $338,682 |
| TOURNAMENT & HANDICAP FEES | $275,568 |
| POOL INCOME | $58,255 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.2M
▲ $46K new borrowing
Net land, buildings & equipment
$9.2M
book value, net of depreciation
Facility age
61%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $117,278 |
| Occupancy | $522,549 |
| Depreciation & depletion | $1,043,531 |
| Information technology | $9,658 |
| Office expenses | $66,722 |
| Legal fees | $11,374 |
| Accounting fees | $24,710 |
| Other professional fees | $331,461 |
RFounded in 1934, Rhode Island Country Club reported $6.11M of revenue for FY23, at an operating margin of 1.4%. Revenue moved up 6.1% 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.
Source documents
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