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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

WARW501(c)(7) · MEDIUMNAICS 713910EIN 05-0235015

Warwick Country Club

Warwick, RI · founded 1926

13 filings on recordFY 2012–2023medium confidence

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FY23 Total Revenue

$4.71M

▼ 6.1% YoY

FY23 Total Expenses

$4.12M

▲ 10.2% YoY

Operating Margin

12.4%

revenue minus expenses ÷ revenue

Employees

186

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$4.7M

▲ 47.8% / 5y

Expenses

$4.1M

▲ 28.9% / 5y

Total Assets

$9.2M

▲ 65.9% / 5y

Total Liabilities

$3.2M

▼ 9.3% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.2M	$5.4M	$5.4M	$5.0M	$4.7M	+47.8%
Expenses	$3.2M	$3.5M	$3.5M	$3.7M	$4.1M	+28.9%
Net surplus	-$12K	$1.9M	$1.9M	$1.3M	$586K	-5151.4%
Total assets	$5.5M	$7.3M	$7.3M	$8.1M	$9.2M	+65.9%
Total liabilities	$3.5M	$3.2M	$3.2M	$2.8M	$3.2M	-9.3%
Net assets	$2.0M	$4.0M	$4.0M	$5.3M	$6.0M	+199.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
RICK SHAUNNESSY GENERAL MANA· 40h/wk	$155,798	$21,049
STEVE THYS GOLF SUPERIN· 40h/wk	$134,964	$22,394
MATTHEW WALSH GOLF PROFESS· 40h/wk	$103,096	$17,396
JULIE NAHAS GENERAL MANA· 40h/wk	$100,577	$8,568
ROBERT POULIN Controller· 40h/wk	$91,615	$10,913

+ 10 unpaid officers/directors as reported (ANGELLA FRANKLIN, JENNIFER TOMASSI, JOSEPH MCGAIR, +7 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	$3,280,562
GOLF CART RENTALS	$222,722
GREEN FEES	$172,302
GREEN FEES - UNRELATED INCOME	$125,715
GOLF CART RENTALS - UNRELATED	$73,174

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$1.7M

▲ $98K new borrowing

Net land, buildings & equipment

$5.0M

book value, net of depreciation

Facility age

57%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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

FY23 · Form 990, Part IX

Insurance	$170,280
Occupancy	$392,817
Depreciation & depletion	$483,483
Office expenses	$178,174
Legal fees	$3,926
Accounting fees	$33,000
Other professional fees	$60,600

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

WARWICK COUNTRY CLUB INC 401(K) PROFIT SHARING PLAN & TRUST

pension · 2 participants · $34K 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.

WFounded in 1926, Warwick Country Club reported $4.71M of revenue for FY23, at an operating margin of 12.4%. Revenue moved down 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

▸ 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)

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