WOOD501(c)(7) · MEDIUMNAICS 713910EIN 52-0535740
Woodmont Country Club
Rockville, MD · founded 1951
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$25.39M
▲ 5.7% YoY
FY23 Total Expenses
$25.97M
▲ 12.7% YoY
Operating Margin
-2.3%
revenue minus expenses ÷ revenue
Employees
517
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$25.4M
▲ 13.1% / 5y
Expenses
$26.0M
▲ 19.4% / 5y
Total Assets
$64.3M
▲ 15.8% / 5y
Total Liabilities
$35.1M
▲ 16.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $22.5M | $22.1M | $22.1M | $24.0M | $25.4M | +13.1% |
| Expenses | $21.8M | $20.9M | $20.9M | $23.1M | $26.0M | +19.4% |
| Net surplus | $701K | $1.2M | $1.2M | $965K | -$580K | -182.7% |
| Total assets | $55.5M | $56.2M | $56.2M | $58.5M | $64.3M | +15.8% |
| Total liabilities | $30.0M | $27.4M | $27.4M | $29.0M | $35.1M | +16.9% |
| Net assets | $25.5M | $28.8M | $28.8M | $29.6M | $29.2M | +14.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAVID DORN Director of Golf· 40h/wk | $394,835 | $11,927 |
BRUCE LIPKA Director of Racquets· 40h/wk | $355,984 | $4,337 |
RYAN SEVERIDT DIRECTOR OF GREENS & GROUNDS· 40h/wk | $339,022 | $29,583 |
JOE ROEDIGER COO· 40h/wk | $337,095 | $16,742 |
JUAN CARLOS ESCUDERO DIRECTOR FO JUNIOR TENNIS· 40h/wk | $277,396 | $31,086 |
MICHAEL SHEPPARD Director of Finance· 40h/wk | $199,934 | $23,405 |
+ 26 unpaid officers/directors as reported (ADAM ROFFMAN, ALAN BUBES, ALAN LEVINE, +23 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Safe Shield Consultants DBA Signal 88 Se LAUREL, MD | Security & staffing | $145,372 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $14,907,000 |
| CAPITAL ASSESSMENT | $2,166,428 |
| INITIATION FEES | $1,638,650 |
| GOLF REVENUES | $1,594,076 |
| GUEST FEES | $991,066 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$14.7M
▲ $5.9M new borrowing
Net land, buildings & equipment
$55.0M
book value, net of depreciation
Facility age
38%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $376,365 |
| Occupancy | $1,654,880 |
| Depreciation & depletion | $3,325,987 |
| Information technology | $374,105 |
| Office expenses | $244,505 |
| Legal fees | $16,605 |
| Accounting fees | $80,838 |
| Other professional fees | $374,517 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WOODMONT COUNTRY CLUB WELFARE BENEFIT PLAN
welfare · 162 participants · FY2024
WOODMONT COUNTRY CLUB 401(K) PLAN
pension · 181 participants · FY2024
| Service provider | Paid |
|---|---|
| Principal Life Insurance Company | $63,237 |
WFounded in 1951, Woodmont Country Club reported $25.39M of revenue for FY23, at an operating margin of -2.3%. Revenue moved up 5.7% 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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