| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.7M | $3.8M | $4.2M | $3.4M | +25.8% |
| Expenses | $2.8M | $2.8M | $3.3M | $3.5M | $3.7M | +32.4% |
| Net surplus | -$113K | -$113K | $500K | $746K | -$326K | +189.7% |
| Total assets | $4.4M | $4.4M | $4.9M | $5.7M | $5.4M | +22.5% |
| Total liabilities | $57K | $57K | $100K | $99K | $126K | +121.3% |
| Net assets | $4.3M | $4.3M | $4.8M | $5.6M | $5.3M | +21.2% |
| Officer · Employee | Reportable | Other |
|---|---|---|
COCO XIE General Manager· 40h/wk | $123,355 | — |
+ 9 unpaid officers/directors as reported (BARRY BERMAN, CHERYL VOLLWEILER, ED PHELAN, +6 more)
| Vendor | Service | Paid |
|---|---|---|
AQUATIC RECREATIONAL MANAGEMENT INC NEW YORK, NY | POOL MANAGEMENT | $336,090 |
FAIRWAY GOLF CAR CORP MEDFORD, NY | NEW GOLF CARTS | $238,000 |
JT MASONRY & LANDSCAPING INC LEVITTOWN, NY | CONSTRUCTION | $148,504 |
ROBERT GUIDO EAST ATLANTIC BEACH, NY | GOLF PRO | $131,737 |
RAINBOW MAINTENANCE NORTH AMITYVILLE, NY | CLEANING | $100,855 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,725,628 |
| GOLF CART RENTAL | $275,452 |
| OTHER PROGRAM FEES | $133,751 |
| SOCIAL ACTIVITIES | $132,548 |
| GOLF CART RENTAL | $48,609 |
TFounded in 1996, Towers Country Club Inc reported $3.40M of revenue for FY24, at an operating margin of -9.6%. Revenue moved down 19.7% 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.