SWHA501(c)(7) · MEDIUMNAICS 713910EIN 11-3774878

Shadow Wood Country Club Inc

Estero, FL · founded 2010
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$22.67M
▲ 15.6% YoY
FY23 Total Expenses
$26.55M
▲ 12.2% YoY
Operating Margin
-17.1%
revenue minus expenses ÷ revenue
Employees
417
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$22.7M
▲ 53.7% / 5y
14.815.517.719.622.7
Expenses
$26.6M
▲ 51.5% / 5y
17.517.919.323.726.6
Total Assets
$65.2M
▲ 79.7% / 5y
36.348.155.158.665.2
Total Liabilities
$18.9M
▲ 171.7% / 5y
7.016.517.316.618.9

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$14.8M$15.5M$17.7M$19.6M$22.7M+53.7%
Expenses$17.5M$17.9M$19.3M$23.7M$26.6M+51.5%
Net surplus-$2.8M-$2.4M-$1.7M-$4.1M-$3.9M+39.8%
Total assets$36.3M$48.1M$55.1M$58.6M$65.2M+79.7%
Total liabilities$7.0M$16.5M$17.3M$16.6M$18.9M+171.7%
Net assets$29.3M$31.6M$37.8M$42.0M$46.3M+57.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
BRIAN BARTOLEC
General Manager· 40h/wk
$1,037,248$36,166
SOREN SPIERS
CHIEF FINANCIAL OFFICER (THROUGH 6/23)· 40h/wk
$506,219$25,533
RICHARD CRISANTI
Executive Chef· 40h/wk
$375,129$26,214
ANDY SCRIVNER
Assistant General Manager· 40h/wk
$347,880$33,358
ERIC RUHA
DIRECTOR OF AGRONOMY· 40h/wk
$333,074$39,937
DANITA OSBORN
Membership Director· 40h/wk
$201,994$21,456
CHARLES WOLF
CLUBHOUSE MANAGER· 40h/wk
$145,926$12,118
MATTHEW SPIERS
CHIEF FINANCIAL OFFICER (AS OF 6/23)· 40h/wk
$103,923$3,333

+ 10 unpaid officers/directors as reported (DAVID VAN VILET, GERALD VOTTA, GREG DEVOU, +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 itemAmount
MEMBERSHIP DUES$14,924,324
GREENS & CART FEES$3,848,923
LOCKER FEES$94,023
TENNIS FEES$40,952

SFounded in 2010, Shadow Wood Country Club Inc reported $22.67M of revenue for FY23, at an operating margin of -17.1%. Revenue moved up 15.6% 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)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click