RVAR501(c)(7) · MEDIUMNAICS 713910EIN 22-1220580
Raritan Valley Country Club
Bridgewater, NJ · founded 1924
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.34M
▲ 0.1% YoY
FY23 Total Expenses
$5.82M
▲ 6.5% YoY
Operating Margin
-9.1%
revenue minus expenses ÷ revenue
Employees
137
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.3M
▲ 32.4% / 5y
Expenses
$5.8M
▲ 28.1% / 5y
Total Assets
$12.1M
▲ 14.2% / 5y
Total Liabilities
$7.1M
▲ 51.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.0M | $5.2M | $5.2M | $5.3M | $5.3M | +32.4% |
| Expenses | $4.5M | $5.0M | $5.0M | $5.5M | $5.8M | +28.1% |
| Net surplus | -$518K | $226K | $226K | -$138K | -$488K | -5.9% |
| Total assets | $10.6M | $11.9M | $11.9M | $11.7M | $12.1M | +14.2% |
| Total liabilities | $4.7M | $5.8M | $5.8M | $6.2M | $7.1M | +51.1% |
| Net assets | $6.0M | $6.0M | $6.0M | $5.5M | $5.1M | -14.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PATRICK J BOUCHER General Manager· 50h/wk | $214,761 | $23,526 |
JAMES RUSNIC Golf Course Superintendent· 60h/wk | $156,265 | $7,605 |
FILOMENA LOMBADI Executive Chef· 60h/wk | $121,305 | $15,000 |
+ 12 unpaid officers/directors as reported (CATHY KITCHEN, JAMES J HANNAN, JOHN DEAMORIN, +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 | $3,688,605 |
| INITIATION FEES | $93,500 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.7M
▲ $2.6M new borrowing
Net land, buildings & equipment
$7.9M
book value, net of depreciation
Facility age
56%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $168,981 |
| Occupancy | $363,729 |
| Depreciation & depletion | $618,495 |
| Information technology | $54,605 |
| Advertising & promotion | $53,902 |
| Office expenses | $142,396 |
| Legal fees | $1,235 |
| Accounting fees | $20,000 |
| Other professional fees | $238,827 |
RFounded in 1924, Raritan Valley Country Club reported $5.34M of revenue for FY23, at an operating margin of -9.1%. Revenue moved up 0.1% 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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