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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

PALM501(c)(7) · CONFIRMEDNAICS 713910EIN 26-3805768

The Golf Club At Palmira Inc

Bonita Spgs, FL · founded 2009

13 filings on recordFY 2011–2023high confidence

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FY23 Total Revenue

$7.24M

▲ 8.2% YoY

FY23 Total Expenses

$7.62M

▲ 14.7% YoY

Operating Margin

-5.3%

revenue minus expenses ÷ revenue

Employees

204

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$7.2M

▲ 26.0% / 5y

Expenses

$7.6M

▲ 30.3% / 5y

Total Assets

$20.4M

▲ 80.7% / 5y

Total Liabilities

$7.3M

▲ 258.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$5.8M	$5.4M	$5.4M	$6.7M	$7.2M	+26.0%
Expenses	$5.9M	$6.8M	$6.8M	$6.7M	$7.6M	+30.3%
Net surplus	-$101K	-$1.3M	-$1.3M	$45K	-$382K	+279.3%
Total assets	$11.3M	$17.5M	$17.5M	$19.4M	$20.4M	+80.7%
Total liabilities	$2.0M	$7.2M	$7.2M	$7.6M	$7.3M	+258.8%
Net assets	$9.3M	$10.3M	$10.3M	$11.8M	$13.1M	+41.6%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MARK NENEMAN GENERAL MANA· 40h/wk	$248,820	—
ROBERT VOLPE GCM DIRECTOR· 40h/wk	$160,091	—
ERIK BAKER F&B BOH DIRE· 40h/wk	$142,248	—
NATHAN GROCE GOLF OP DIRE· 40h/wk	$141,794	—
MARY JANE CHAPPY MEMBERSHIP D· 40h/wk	$123,768	—
RON COTORAKAS F&B FOH DIRE· 40h/wk	$107,487	—

+ 9 unpaid officers/directors as reported (CARMEN GIGLIOTTI, CHET MURAWSKI, JAMES STEVEN STONE, +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
DUES	$4,938,836
TRAIL FEES	$646,405
CART AND GREEN FEES	$283,791
CART AND GREEN FEES	$264,054
OTHER	$14,108

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$4.2M

▼ $704K paid down

Net land, buildings & equipment

$14.0M

book value, net of depreciation

Facility age

20%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$238,750
Depreciation & depletion	$441,140
Advertising & promotion	$11,350
Office expenses	$18,054
Legal fees	$83,645
Other professional fees	$3,164

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

THE GOLF CLUB AT PALMIRA INC. 401(K) PLAN

pension · 76 participants · $232K assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Waiters and Waitresses Bonita Springs, FL	$42K	4	Oct 2025 → Apr 2026
Cooks, Restaurant Bonita Springs, FL	$35K	4	Oct 2025 → Apr 2026

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

TFounded in 2009, The Golf Club At Palmira Inc reported $7.24M of revenue for FY23, at an operating margin of -5.3%. Revenue moved up 8.2% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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