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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RUMS501(c)(7) · MEDIUMNAICS 713910EIN 21-0553100

Rumson Country Club

Rumson, NJ · founded 1934

14 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$15.10M

▲ 27.2% YoY

FY23 Total Expenses

$12.18M

▲ 12.5% YoY

Operating Margin

19.3%

revenue minus expenses ÷ revenue

Employees

266

headcount as reported on filing

The Five-Year Picture

FY2020 — FY2023 · as filed

Revenue

$15.1M

▲ 28.9% / 5y

Expenses

$12.2M

▲ 22.2% / 5y

Total Assets

$30.8M

▲ 42.6% / 5y

Total Liabilities

$6.4M

▲ 428.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY20	FY20	FY21	FY22	FY23	Δ total
Revenue	$11.7M	$11.7M	$11.7M	$11.9M	$15.1M	+28.9%
Expenses	$10.0M	$10.0M	$10.0M	$10.8M	$12.2M	+22.2%
Net surplus	$1.8M	$1.8M	$1.8M	$1.0M	$2.9M	+66.9%
Total assets	$21.6M	$21.6M	$21.6M	$25.9M	$30.8M	+42.6%
Total liabilities	$1.2M	$1.2M	$1.2M	$4.4M	$6.4M	+428.5%
Net assets	$20.4M	$20.4M	$20.4M	$21.5M	$24.4M	+19.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
BEN STOVER DIRECTOR OF GROUNDS & FACILITIES· 40h/wk	$287,211	$27,279
RAFAEL COUTINHO RACQUETS DIRECTOR· 40h/wk	$211,269	$14,233
SUSAN PINTO Chief Financial Officer· 40h/wk	$204,412	$13,864
CINDY WILLIAMS DIRECTOR OF CLUB OPERATIOS· 40h/wk	$174,211	$12,900
ROB ALBANESE Food & Beverage Director· 40h/wk	$143,923	$522
DAN BENJAMIN Executive Chef· 40h/wk	$141,323	$22,800
KELLY LADOW Head Golf Professional· 40h/wk	$132,190	$22,621

+ 14 unpaid officers/directors as reported (ART TILDELY, DAVID TIERNEY, DENIS DEVINE, +11 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	$6,175,894
BUILDING ASSESSMENT	$2,862,837
INITIATION FEES	$714,953
CAPITAL ASSESSMENTS	$634,164
PROPERTY TAX ASSESSMEN	$134,804

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$3.3M

▲ $255K new borrowing

Net land, buildings & equipment

$22.0M

book value, net of depreciation

Facility age

42%

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	$483,847
Occupancy	$1,162,596
Depreciation & depletion	$1,235,718
Information technology	$113,056
Office expenses	$340,786
Legal fees	$303,585
Accounting fees	$33,600
Other professional fees	$40,581

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

RUMSON COUNTRY CLUB 401K PLAN

pension · 79 participants · $3.7M 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.

RFounded in 1934, Rumson Country Club reported $15.10M of revenue for FY23, at an operating margin of 19.3%. Revenue moved up 27.2% 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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