ARCO501(c)(7) · MEDIUMNAICS 713910EIN 22-0740670
Arcola Country Club
Paramus, NJ · founded 1946
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.29M
▲ 28.0% YoY
FY23 Total Expenses
$7.73M
▲ 4.5% YoY
Operating Margin
24.8%
revenue minus expenses ÷ revenue
Employees
165
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.3M
▲ 48.4% / 5y
Expenses
$7.7M
▲ 12.6% / 5y
Total Assets
$16.1M
▲ 41.7% / 5y
Total Liabilities
$6.9M
▲ 1.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.9M | $7.6M | $7.6M | $8.0M | $10.3M | +48.4% |
| Expenses | $6.9M | $6.3M | $6.3M | $7.4M | $7.7M | +12.6% |
| Net surplus | $68K | $1.3M | $1.3M | $639K | $2.6M | +3684.6% |
| Total assets | $11.4M | $12.9M | $12.9M | $13.6M | $16.1M | +41.7% |
| Total liabilities | $6.8M | $6.8M | $6.8M | $7.0M | $6.9M | +1.9% |
| Net assets | $4.6M | $6.0M | $6.0M | $6.7M | $9.2M | +100.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL DOTTI GC SUPRINTENDENT· 75h/wk | $242,737 | $12,830 |
CHAD CHADWELL General Manager· 45h/wk | $196,428 | $9,529 |
PAUL WALSTAD FMR CONTROLLER/BUSINESS MANAGER· 45h/wk | $150,443 | $4,498 |
ANGEL CAMACHO EXCEUTIVE CHEF· 45h/wk | $144,353 | $6,813 |
GRANT STURGEON Head Golf Professional· 45h/wk | $113,698 | $6,342 |
+ 12 unpaid officers/directors as reported (ALEX VON SUMMER, ANTHONY LABOZZETTA, CHRIS LACK, +9 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 | $3,981,844 |
| CAPITAL ASSESSMENTS | $2,752,614 |
| INITATION FEE | $938,827 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.2M
▼ $197K paid down
Net land, buildings & equipment
$10.1M
book value, net of depreciation
Facility age
66%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $190,479 |
| Occupancy | $717,789 |
| Depreciation & depletion | $772,853 |
| Office expenses | $493,815 |
| Legal fees | $30,000 |
| Other professional fees | $69,172 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ARCOLA COUNTRY CLUB 401(K) PROFIT SHARING PLAN AND TRUST
pension · 56 participants · $1.4M assets · FY2024
AFounded in 1946, Arcola Country Club reported $10.29M of revenue for FY23, at an operating margin of 24.8%. Revenue moved up 28.0% 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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