PHIL501(c)(7) · MEDIUMNAICS 713910EIN 23-0969350
Philadelphia Country Club
Gladwyne, PA · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$18.21M
▲ 21.9% YoY
FY23 Total Expenses
$16.50M
▲ 16.1% YoY
Operating Margin
9.4%
revenue minus expenses ÷ revenue
Employees
381
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$18.2M
▲ 48.2% / 5y
Expenses
$16.5M
▲ 35.0% / 5y
Total Assets
$36.3M
▲ 23.0% / 5y
Total Liabilities
$18.0M
▲ 14.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $12.3M | $14.0M | $14.0M | $14.9M | $18.2M | +48.2% |
| Expenses | $12.2M | $12.7M | $12.7M | $14.2M | $16.5M | +35.0% |
| Net surplus | $65K | $1.3M | $1.3M | $720K | $1.7M | +2509.5% |
| Total assets | $29.5M | $32.3M | $32.3M | $33.0M | $36.3M | +23.0% |
| Total liabilities | $15.7M | $17.3M | $17.3M | $16.4M | $18.0M | +14.5% |
| Net assets | $13.8M | $15.0M | $15.0M | $16.6M | $18.3M | +32.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JANINE BUDZIUS General Manager· 40h/wk | $371,022 | — |
MICHAEL MCNULTY GREENS SUPERINTENDANT· 40h/wk | $349,125 | — |
DAVID GILBERT Executive Chef· 40h/wk | $265,860 | — |
CHRISTOPHER MULLIN RACQUETS DIRECTOR· 40h/wk | $220,297 | — |
SCOTT REILLY Head Golf Professional· 40h/wk | $218,019 | — |
MELISSA JOHNSON CLUBHOUSE MANAGER· 40h/wk | $177,468 | — |
+ 14 unpaid officers/directors as reported (ANDREW MCCLOSKEY, BARTLETT A BASTIAN, CHARLES V CURLEY, +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 & ASSE | $12,252,661 |
| INITIATION FEES | $2,282,910 |
| GREENS, CART & RANGE F | $1,102,703 |
| LOCKERS, BAG STORAGE & | $673,563 |
| SQUASH, TENNIS, PADDLE | $324,620 |
PFounded in 1941, Philadelphia Country Club reported $18.21M of revenue for FY23, at an operating margin of 9.4%. Revenue moved up 21.9% 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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