| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.0M | $4.1M | $4.8M | $5.0M | $4.8M | +18.3% |
| Expenses | $4.2M | $4.3M | $4.6M | $5.5M | $6.4M | +55.3% |
| Net surplus | -$112K | -$150K | $269K | -$510K | -$1.7M | +1389.6% |
| Total assets | $9.1M | $9.1M | $9.4M | $8.7M | $8.8M | -2.6% |
| Total liabilities | $1.6M | $1.8M | $1.8M | $1.6M | $3.4M | +117.6% |
| Net assets | $7.5M | $7.3M | $7.6M | $7.1M | $5.4M | -27.9% |
| Officer · Employee | Reportable | Other |
|---|---|---|
P DAVID BAUCOM CM/COO· 40h/wk | $192,814 | $42,000 |
RIGOBERTO REGALADO COURSE MAINT· 40h/wk | $163,858 | $40,000 |
+ 5 unpaid officers/directors as reported (JIM KING, MARK HOPEE, RICHARD KNEE, +2 more)
| Vendor | Service | Paid |
|---|---|---|
COACHELLA VALLEY CATERING LA QUINTA, CA | CATERING SRVCS | $320,703 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $3,260,000 |
| GOLF RELATED | $996,681 |
| FOOD & BEVERAGE RELATED | $498,852 |
| GOLF RELATED - NM | $26,405 |
TThe Palms Golf Club Inc reported $4.78M of revenue for FY23, at an operating margin of -34.9%. Revenue moved down 4.6% 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.