STON501(c)(7) · MEDIUMNAICS 713910EIN 06-1272803
Stonington Country Club Inc
Stonington, CT · founded 1991
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.81M
▲ 9.8% YoY
FY23 Total Expenses
$3.43M
▲ 14.6% YoY
Operating Margin
10.0%
revenue minus expenses ÷ revenue
Employees
70
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.8M
▲ 95.1% / 5y
Expenses
$3.4M
▲ 65.1% / 5y
Total Assets
$10.1M
▲ 28.4% / 5y
Total Liabilities
$2.2M
▲ 32.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.0M | $3.1M | $3.1M | $3.5M | $3.8M | +95.1% |
| Expenses | $2.1M | $2.7M | $2.7M | $3.0M | $3.4M | +65.1% |
| Net surplus | -$125K | $430K | $430K | $476K | $380K | -403.8% |
| Total assets | $7.8M | $9.2M | $9.2M | $9.7M | $10.1M | +28.4% |
| Total liabilities | $1.6M | $2.2M | $2.2M | $2.2M | $2.2M | +32.5% |
| Net assets | $6.2M | $7.0M | $7.0M | $7.5M | $7.9M | +27.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Robin Rasch General Manager· 60h/wk | $123,792 | — |
Wayne Lagasse Golf Course Superintendent· 37.5h/wk | $115,156 | — |
+ 16 unpaid officers/directors as reported (Christine Grady, Dan Russo, David Rezendes, +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 |
|---|---|
| Dues, Assess & Initiation | $2,568,302 |
| Social Events | $300,264 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.9M
▼ $59K paid down
Net land, buildings & equipment
$9.0M
book value, net of depreciation
Facility age
36%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $131,013 |
| Occupancy | $117,554 |
| Depreciation & depletion | $301,187 |
| Information technology | $0 |
| Advertising & promotion | $10,823 |
| Office expenses | $8,305 |
| Legal fees | $0 |
| Accounting fees | $6,693 |
| Other professional fees | $0 |
SFounded in 1991, Stonington Country Club Inc reported $3.81M of revenue for FY23, at an operating margin of 10.0%. Revenue moved up 9.8% 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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