Club Index›CT›SSII

MoreRankings The Ledger Methodpublic IRS Form 990 records

The Annual Register

Country Club Intel

The Annual Register

Country Club Intel

Data from public IRS Form 990 · ProPublica Nonprofit Explorer

SSII501(c)(7) · MEDIUMNAICS 713910EIN 06-0536020

Silver Spring Country Club Incorporated

Ridgefield, CT · founded 1954

12 filings on recordFY 2011–2023medium confidence

Compare to peers →

FY23 Total Revenue

$10.69M

▲ 8.6% YoY

FY23 Total Expenses

$10.15M

▲ 7.3% YoY

Operating Margin

5.1%

revenue minus expenses ÷ revenue

Employees

258

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.7M

▲ 41.3% / 5y

Expenses

$10.1M

▲ 40.9% / 5y

Total Assets

$17.8M

▲ 31.8% / 5y

Total Liabilities

$2.2M

▲ 228.3% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.6M	$9.6M	$9.6M	$9.8M	$10.7M	+41.3%
Expenses	$7.2M	$8.7M	$8.7M	$9.5M	$10.1M	+40.9%
Net surplus	$363K	$846K	$846K	$381K	$540K	+48.6%
Total assets	$13.5M	$17.4M	$17.4M	$16.8M	$17.8M	+31.8%
Total liabilities	$662K	$2.7M	$2.7M	$1.7M	$2.2M	+228.3%
Net assets	$12.9M	$14.7M	$14.7M	$15.1M	$15.7M	+21.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KARL HABIB General Manager· 40h/wk	$299,387	$11,954
WILLIAM CYGAN Golf Course Superintendent· 40h/wk	$260,525	$9,186
ROBERTO BIANCO RACQUETS PRO· 40h/wk	$185,956	$1,451
PATRICK LANGAN Head Golf Professional· 40h/wk	$179,543	$1,451
KEVIN AQUINO Executive Chef· 40h/wk	$152,053	$3,092
JAMIE SANTACROCE Controller· 40h/wk	$149,808	$3,557
KEVIN DUFFY CLUBHOUSE MANAGER· 40h/wk	$108,423	—

+ 13 unpaid officers/directors as reported (ALISON LOMBARDI, BOB JONES, CARL KLEIN, +10 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Rogers Mccagg NORWALK, CT	Course architecture	$478,595
Doyle Coffin Architecture RIDGEFIELD, CT	Course architecture	$184,106
Clark Construction NEW MILFORD, CT	Construction & renovation	$179,407

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$5,246,415
INITIATION FEES	$1,264,989
SPECIAL ASSESSMENT	$688,459
CAPITAL ASSESSMENT	$604,798

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$16.6M

book value, net of depreciation

Facility age

63%

accumulated depreciation ÷ cost — higher = older plant

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	$154,020
Occupancy	$757,003
Depreciation & depletion	$2,027,425
Information technology	$20,648
Office expenses	$264,164
Legal fees	$16,518
Accounting fees	$30,120
Other professional fees	$90,318

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.

SFounded in 1954, Silver Spring Country Club Incorporated reported $10.69M of revenue for FY23, at an operating margin of 5.1%. Revenue moved up 8.6% 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)

+ 9 more · via ProPublica

The Quarterly · free