CVHE501(c)(7) · MEDIUMNAICS 713910EIN 23-0958710
Chester Valley Golf Club
Malvern, PA · founded 1970
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.61M
▲ 11.8% YoY
FY23 Total Expenses
$5.39M
▼ 19.9% YoY
Operating Margin
29.2%
revenue minus expenses ÷ revenue
Employees
225
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.6M
▲ 58.7% / 5y
Expenses
$5.4M
▲ 24.1% / 5y
Total Assets
$12.1M
▲ 45.2% / 5y
Total Liabilities
$4.8M
▼ 9.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $4.8M | $6.9M | $6.8M | $7.6M | +58.7% |
| Expenses | $4.3M | $4.3M | $5.0M | $6.7M | $5.4M | +24.1% |
| Net surplus | $456K | $456K | $1.9M | $81K | $2.2M | +387.6% |
| Total assets | $8.3M | $8.3M | $10.2M | $10.1M | $12.1M | +45.2% |
| Total liabilities | $5.3M | $5.3M | $5.4M | $5.0M | $4.8M | -9.8% |
| Net assets | $3.0M | $3.0M | $4.8M | $5.1M | $7.3M | +142.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JORDAN POZNICK GENERAL MANAGER (BEG. 2/23)· 48h/wk | $169,543 | $3,775 |
DEREK MOHLER EMPLOYEE· 40h/wk | $142,087 | — |
KATHLEEN MCGARRY EMPLOYEE· 40h/wk | $138,983 | — |
HUGH MORAN EMPLOYEE· 40h/wk | $110,125 | $1,749 |
SAMUEL AMBROSE GOLF MANAGER· 48h/wk | $109,300 | $8,181 |
MICHAEL STABINSKI EMPLOYEE· 40h/wk | $106,823 | — |
+ 9 unpaid officers/directors as reported (CHAD ROSENBERG, CHRIS BURNS, EDWARD ELLIS, +6 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 AND ASSESSMENTS | $7,197,339 |
| GOLF & CART FEES | $701,396 |
| INITIATION FEES | $247,042 |
| POOL INCOME | $28,408 |
| RAQUET TOURNAMENT INCOME | $2,309 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.8M
▼ $259K paid down
Net land, buildings & equipment
$7.4M
book value, net of depreciation
Facility age
71%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $124,535 |
| Occupancy | $296,907 |
| Depreciation & depletion | $749,828 |
| Information technology | $222,651 |
| Advertising & promotion | $8,498 |
| Office expenses | $112,790 |
| Legal fees | $16,062 |
| Accounting fees | $4,920 |
| Other professional fees | $120,563 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CHESTER VALLEY GOLF CLUB RETIREMENT PLAN
pension · 46 participants · $821K assets · FY2024
CFounded in 1970, Chester Valley Golf Club reported $7.61M of revenue for FY23, at an operating margin of 29.2%. Revenue moved up 11.8% 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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