| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.5M | $7.1M | $7.1M | $7.0M | $8.4M | +53.9% |
| Expenses | $5.5M | $5.9M | $5.9M | $6.7M | $8.1M | +46.7% |
| Net surplus | -$26K | $1.2M | $1.2M | $303K | $356K | -1478.6% |
| Total assets | $9.4M | $12.2M | $12.2M | $19.0M | $18.7M | +97.4% |
| Total liabilities | $1.2M | $1.2M | $1.2M | $7.7M | $7.0M | +476.4% |
| Net assets | $8.2M | $11.0M | $11.0M | $11.3M | $11.6M | +41.4% |
| Officer · Employee | Reportable | Other |
|---|---|---|
BRIAN MORES Golf Course Superintendent· 40h/wk | $168,500 | $797 |
CHARLES MERRIMAN GENERAL MANAGER (FROM 4/2023)· 40h/wk | $141,538 | $8,000 |
WILLIAM SKELNIK GENERAL MANAGER (THRU 1/2023)· 40h/wk | $61,861 | $1,855 |
+ 15 unpaid officers/directors as reported (FRED CASTILLO, GREG BAUR, JAMES RIEBANDT, +12 more)
No contractors reported.
| Line item | Amount |
|---|---|
| CLUB MEMBER DUES | $3,176,492 |
| GOLF OPERATIONS | $837,128 |
| TENNIS & SWIMMING | $134,859 |
| LOCKER ROOMS | $83,819 |
| OTHER | $46,080 |
IFounded in 1959, Inverness Golf Club reported $8.41M of revenue for FY23, at an operating margin of 4.2%. Revenue moved up 19.6% 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.