PVIN501(c)(7) · MEDIUMNAICS 713910EIN 21-0537130
Pine Valley Golf Club
Pine Valley, NJ · founded 1936
13 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$17.48M
▲ 11.3% YoY
FY23 Total Expenses
$15.03M
▲ 6.9% YoY
Operating Margin
14.0%
revenue minus expenses ÷ revenue
Employees
179
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$17.5M
▲ 84.7% / 5y
Expenses
$15.0M
▲ 25.2% / 5y
Total Assets
$31.9M
▲ 15.1% / 5y
Total Liabilities
$10.6M
▼ 28.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.5M | $9.5M | $9.5M | $15.7M | $17.5M | +84.7% |
| Expenses | $12.0M | $12.0M | $12.0M | $14.1M | $15.0M | +25.2% |
| Net surplus | -$2.5M | -$2.5M | -$2.5M | $1.6M | $2.5M | -196.7% |
| Total assets | $27.7M | $27.7M | $27.7M | $29.6M | $31.9M | +15.1% |
| Total liabilities | $14.9M | $14.9M | $14.9M | $10.8M | $10.6M | -28.7% |
| Net assets | $12.8M | $12.8M | $12.8M | $18.8M | $21.3M | +66.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHARLES RAUDENBUSH GENERAL MANAGER/DIR. OF GOLF· 40h/wk | $379,417 | $135,147 |
RICHARD CHRISTIAN Golf Course Superintendent· 40h/wk | $316,745 | $91,952 |
DAVID CLARK Head Golf Professional· 40h/wk | $197,060 | $48,702 |
JIM GILLESPIE IT Director· 40h/wk | $150,472 | $41,946 |
TODD BARON Caddie Master· 40h/wk | $137,980 | $38,234 |
PAUL BUNDICK Executive Chef· 40h/wk | $123,075 | $44,603 |
DAVID ANDERSON Controller· 40h/wk | $111,498 | $36,676 |
+ 6 unpaid officers/directors as reported (ANDREW J ARMSTRONG JR, BURKE F HAYES, JAMES C DAVIS, +3 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Wellnet Healthcare Admin Inc TREVOSE, PA | HEALTHCARE SVCS | $617,902 |
| Ep Builders HADDONFIELD, NJ | Construction & renovation | $263,044 |
| Northeast Mechanical Services Inc WILLIAMSTOWN, NJ | HEATING & AC SVCS | $226,978 |
| Mcdonald Sons Inc JESSUP, MD | Turf & grounds | $154,712 |
| Synergi Partners Inc FLORENCE, SC | Management services | $125,211 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DORMITORY RENTALS | $2,987,359 |
| GOLF FEES | $2,967,975 |
| SHUTTLE SERVICE | $288,334 |
| TOURNAMENT | $210,550 |
| CLUBHOUSE LOCKERS & ROOM FEES | $163,693 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$0
unchanged YoY
Net land, buildings & equipment
$10.7M
book value, net of depreciation
Facility age
51%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$0
end of year
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $276,498 |
| Occupancy | $2,291,138 |
| Depreciation & depletion | $547,191 |
| Information technology | $31,598 |
| Advertising & promotion | $0 |
| Office expenses | $697,252 |
| Legal fees | $64,095 |
| Accounting fees | $183,779 |
| Other professional fees | $50,315 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
PINE VALLEY GOLF CLUB, INC. RETIREMENT PLAN
pension · 119 participants · FY2024
| Service provider | Paid |
|---|---|
| Principal Life Insurance Company | $57,457 |
PFounded in 1936, Pine Valley Golf Club reported $17.48M of revenue for FY23, at an operating margin of 14.0%. Revenue moved up 11.3% 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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