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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

AVSP501(c)(7) · MEDIUMNAICS 713910EIN 06-0841479

Aspetuck Valley Country Club Inc

Weston, CT · founded 1968

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$10.99M

▲ 13.0% YoY

FY23 Total Expenses

$9.21M

▲ 1.4% YoY

Operating Margin

16.2%

revenue minus expenses ÷ revenue

Employees

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$11.0M

▲ 45.0% / 5y

Expenses

$9.2M

▲ 15.5% / 5y

Total Assets

$19.3M

▲ 36.8% / 5y

Total Liabilities

$8.5M

▲ 43.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.6M	$9.2M	$9.2M	$9.7M	$11.0M	+45.0%
Expenses	$8.0M	$8.8M	$8.8M	$9.1M	$9.2M	+15.5%
Net surplus	-$388K	$450K	$450K	$641K	$1.8M	-559.2%
Total assets	$14.1M	$13.9M	$13.9M	$15.8M	$19.3M	+36.8%
Total liabilities	$5.9M	$5.4M	$5.4M	$6.7M	$8.5M	+43.8%
Net assets	$8.2M	$8.5M	$8.5M	$9.1M	$10.8M	+31.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
LUCA LOWNES Golf Course Superintendent· 40h/wk	$263,285	$16,882
RENAUD AMMON General Manager· 40h/wk	$256,279	$17,557
GERARD CLINTON Executive Chef· 40h/wk	$220,598	$10,583
MICHAEL HEALY Controller· 40h/wk	$163,102	$12,192
JACK POWERS Head Golf Professional· 40h/wk	$147,312	—
DIANA NAVROTSKS Head Tennis Professional· 40h/wk	$106,777	$5,755

+ 11 unpaid officers/directors as reported (ADAM KLIMEK, ALEZANDER CHRISTON, BOB RAHILLY, +8 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
MEMBERS DUES	$5,111,350
CAPITAL IMPROVEMENT AS	$2,150,524
INITIATION FEES	$979,668

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$6.2M

▲ $1.6M new borrowing

Net land, buildings & equipment

$15.8M

book value, net of depreciation

Facility age

60%

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	$223,924
Occupancy	$656,237
Depreciation & depletion	$1,183,256
Information technology	$18,776
Office expenses	$607,934
Legal fees	$935
Accounting fees	$36,000
Other professional fees	$197,147

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

ASPETUCK VALLEY COUNTRY CLUB 401(K) PROFIT SHARING PLAN

pension · 41 participants · $4.7M 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.

AFounded in 1968, Aspetuck Valley Country Club Inc reported $10.99M of revenue for FY23, at an operating margin of 16.2%. Revenue moved up 13.0% 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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