TRAD501(c)(7) · MEDIUMNAICS 713910EIN 26-1808354
Tradition Golf Club
La Quinta, CA · founded 2009
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$17.70M
▲ 18.5% YoY
FY23 Total Expenses
$16.83M
▲ 15.2% YoY
Operating Margin
5.0%
revenue minus expenses ÷ revenue
Employees
231
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$17.7M
▲ 2.1% / 5y
Expenses
$16.8M
▲ 56.8% / 5y
Total Assets
$50.0M
▲ 19.2% / 5y
Total Liabilities
$12.7M
▲ 51.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $17.3M | $16.4M | $16.4M | $14.9M | $17.7M | +2.1% |
| Expenses | $10.7M | $13.3M | $13.3M | $14.6M | $16.8M | +56.8% |
| Net surplus | $6.6M | $3.0M | $3.0M | $330K | $876K | -86.7% |
| Total assets | $41.9M | $47.5M | $47.5M | $48.2M | $50.0M | +19.2% |
| Total liabilities | $8.4M | $11.4M | $11.4M | $11.8M | $12.7M | +51.8% |
| Net assets | $33.6M | $36.1M | $36.1M | $36.4M | $37.3M | +11.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAKEN BROADHEAD DIR. OF AGRO· 40h/wk | $295,129 | $46,686 |
HEIDI RISK Chief Financial Officer· 40h/wk | $231,189 | $44,211 |
JERRY HIXSON DIR. OF GOLF· 40h/wk | $224,740 | $42,851 |
KYLE DRAPER COO/SECRETAR· 40h/wk | $184,233 | $33,600 |
JAIME GUADALUPE EXECUTIVE CH· 40h/wk | $166,975 | $9,622 |
MELISSA GLAZIER DIR. OF FITN· 40h/wk | $154,165 | $35,363 |
+ 7 unpaid officers/directors as reported (DAN DEVLIN, DON VODRA, JOE O'BRIEN, +4 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Sks Construction Services PALM SPRINGS, CA | Construction & renovation | $666,539 |
| Landscapes Unlimited LLC LINCOLN, NE | COURSE CONSTRUC | $314,035 |
| Variable Speed Solutions Inc HUNTINGTON BEACH, CA | Turf & grounds | $174,876 |
| Go Green Solutions PALM DESERT, CA | WASTE HAULING | $174,600 |
| Computer Consultants PALM DESERT, CA | Professional services | $124,394 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| CAP FUNDS & TRANSFERS FESS | $2,705,113 |
| CART & GREENS FEES - MEMBERS | $655,725 |
| HOA MAINTENANCE REVENUES | $592,601 |
| SPA AND FITNESS CENTER | $428,792 |
| CART & GREENS FEES - NON-MEMB | $25,900 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$36.2M
book value, net of depreciation
Facility age
22%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $245,127 |
| Depreciation & depletion | $1,775,008 |
| Advertising & promotion | $144,951 |
| Office expenses | $412,139 |
| Legal fees | $176,628 |
| Other professional fees | $488,640 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
TRADITION GOLF CLUB 401(K) PLAN
pension · 127 participants · $4.0M assets · FY2024
TFounded in 2009, Tradition Golf Club reported $17.70M of revenue for FY23, at an operating margin of 5.0%. Revenue moved up 18.5% 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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