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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

INWO501(c)(7) · MEDIUMNAICS 713910EIN 11-0908748

Inwood Country Club

Inwood, NY · founded 1934

14 filings on recordFY 2010–2023medium confidence

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FY23 Total Revenue

$7.80M

▼ 9.0% YoY

FY23 Total Expenses

$7.48M

▼ 3.1% YoY

Operating Margin

4.2%

revenue minus expenses ÷ revenue

Employees

116

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$7.8M

▲ 18.2% / 5y

Expenses

$7.5M

▲ 20.6% / 5y

Total Assets

$10.7M

▲ 5.9% / 5y

Total Liabilities

$11.1M

▼ 17.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$6.6M	$7.6M	$7.6M	$8.6M	$7.8M	+18.2%
Expenses	$6.2M	$6.9M	$6.9M	$7.7M	$7.5M	+20.6%
Net surplus	$399K	$693K	$693K	$863K	$324K	-18.8%
Total assets	$10.1M	$11.4M	$11.4M	$10.9M	$10.7M	+5.9%
Total liabilities	$13.4M	$13.0M	$13.0M	$11.6M	$11.1M	-17.5%
Net assets	-$3.4M	-$1.6M	-$1.6M	-$731K	-$406K	-87.9%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JAMES BUONAIUTO General Manager· 40h/wk	$187,116	—
TIMOTHY FALVEY Golf Course Superintendent· 40h/wk	$170,038	$9,057
JOSEPH COMUNALE Executive Chef· 40h/wk	$150,646	$25,813
DEANN PARSONS-LOPEZ Controller· 40h/wk	$135,908	—
KYLE HIGGINS Head Golf Professional· 40h/wk	$126,787	—

+ 12 unpaid officers/directors as reported (BRIAN ZIEGLER, DAN FAIRCLOUGH, DANIEL FRIEDMAN, +9 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	$4,473,977
CAPITAL ASSESSMENTS	$427,840
INITIATION FEES	$288,984
DEBT ASSESSMENT & SURC	$148,143

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$9.8M

▼ $285K paid down

Net land, buildings & equipment

$9.1M

book value, net of depreciation

Facility age

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	$360,000
Occupancy	$694,726
Office expenses	$168,387
Legal fees	$20,735
Accounting fees	$20,602
Other professional fees	$97,961

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

INWOOD COUNTRY CLUB INC 401K PLAN

pension · 38 participants · $20K 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.

IFounded in 1934, Inwood Country Club reported $7.80M of revenue for FY23, at an operating margin of 4.2%. Revenue moved down 9.0% 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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