SAKO501(c)(7) · MEDIUMNAICS 713910EIN 05-0213430
Sakonnet Golf Club
L Compton, RI · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.80M
▼ 10.8% YoY
FY23 Total Expenses
$3.83M
▲ 7.7% YoY
Operating Margin
-0.7%
revenue minus expenses ÷ revenue
Employees
108
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.8M
▲ 47.2% / 5y
Expenses
$3.8M
▲ 45.4% / 5y
Total Assets
$7.9M
▲ 17.2% / 5y
Total Liabilities
$801K
▲ 242.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.6M | $3.0M | $3.0M | $4.3M | $3.8M | +47.2% |
| Expenses | $2.6M | $3.0M | $3.0M | $3.6M | $3.8M | +45.4% |
| Net surplus | -$51K | -$47K | -$47K | $704K | -$28K | -44.1% |
| Total assets | $6.8M | $6.7M | $6.7M | $8.1M | $7.9M | +17.2% |
| Total liabilities | $234K | $259K | $259K | $949K | $801K | +242.1% |
| Net assets | $6.5M | $6.4M | $6.4M | $7.2M | $7.1M | +9.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MATTHEW ALWIN Head Golf Professional· 40h/wk | $153,045 | — |
MATTHEW CHOUINARD LINKS SUPERINTENDENT· 40h/wk | $137,174 | — |
DENNIS SONNENBURG General Manager· 40h/wk | $109,007 | — |
+ 13 unpaid officers/directors as reported (ADAM SHERER, ALAN M GARDNER, BENJAMIN MCCLEARY, +10 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 |
|---|---|
| GENERAL AND ADMINISTRATIVE INCOME | $2,686,099 |
| GOLF REVENUE | $770,921 |
| INITIATION FEES | $395,298 |
| PADDLE TENNIS REVENUE | $108,595 |
| LAND ASSESSMENT | $8,429 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$6.2M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $132,775 |
| Occupancy | $206,822 |
| Depreciation & depletion | $495,716 |
| Information technology | $23,754 |
| Office expenses | $6,817 |
| Legal fees | $9,375 |
| Accounting fees | $36,080 |
| Other professional fees | $28,758 |
SFounded in 1945, Sakonnet Golf Club reported $3.80M of revenue for FY23, at an operating margin of -0.7%. Revenue moved down 10.8% 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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