PENF501(c)(7) · MEDIUMNAICS 713910EIN 16-0834954
Penfield Country Club Inc
Penfield, NY · founded 1960
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.37M
▲ 4.1% YoY
FY23 Total Expenses
$4.47M
▲ 13.6% YoY
Operating Margin
-2.3%
revenue minus expenses ÷ revenue
Employees
149
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.4M
▲ 30.3% / 5y
Expenses
$4.5M
▲ 38.0% / 5y
Total Assets
$5.1M
▲ 29.0% / 5y
Total Liabilities
$3.3M
▲ 1.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $4.3M | $4.3M | $4.2M | $4.4M | +30.3% |
| Expenses | $3.2M | $3.6M | $3.6M | $3.9M | $4.5M | +38.0% |
| Net surplus | $115K | $783K | $783K | $263K | -$101K | -187.9% |
| Total assets | $4.0M | $5.0M | $5.0M | $5.3M | $5.1M | +29.0% |
| Total liabilities | $3.2M | $3.3M | $3.3M | $3.3M | $3.3M | +1.9% |
| Net assets | $787K | $1.7M | $1.7M | $2.0M | $1.9M | +139.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
LEE CASTRO COO· 40h/wk | $148,563 | — |
+ 12 unpaid officers/directors as reported (BRAD PRESTON, CHIP YATTEAU, DAVE IGOE, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Proline Concrete Of Wny Inc EDEN, NY | Pool & racquet | $101,120 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,682,991 |
| GOLF & GREENS FEES | $585,331 |
| LOCKER RENTALS & SVCS | $53,720 |
| POOL INCOME | $50,885 |
| MISCELLANEOUS INCOME | $47,880 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.6M
▼ $97K paid down
Net land, buildings & equipment
$3.7M
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $93,285 |
| Occupancy | $159,423 |
| Depreciation & depletion | $472,572 |
| Information technology | $76,668 |
| Advertising & promotion | $2,457 |
| Legal fees | $2,226 |
| Accounting fees | $20,050 |
| Other professional fees | $58,920 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ETF ADVISOR K MEP FIDUCIARY WISE LLC
pension · 34 participants · $570K assets · FY2024
PFounded in 1960, Penfield Country Club Inc reported $4.37M of revenue for FY23, at an operating margin of -2.3%. Revenue moved up 4.1% 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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