ANRM501(c)(7) · MEDIUMNAICS 713910EIN 54-0126270
Army Navy Country Club
Arlington, VA · founded 1941
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$45.28M
▲ 5.4% YoY
FY23 Total Expenses
$37.99M
▲ 15.9% YoY
Operating Margin
16.1%
revenue minus expenses ÷ revenue
Employees
689
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$45.3M
▲ 39.9% / 5y
Expenses
$38.0M
▲ 13.7% / 5y
Total Assets
$113.4M
▲ 30.1% / 5y
Total Liabilities
$52.0M
▲ 18.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $32.4M | $33.1M | $33.1M | $43.0M | $45.3M | +39.9% |
| Expenses | $33.4M | $25.5M | $25.5M | $32.8M | $38.0M | +13.7% |
| Net surplus | -$1.1M | $7.6M | $7.6M | $10.2M | $7.3M | -791.2% |
| Total assets | $87.1M | $88.4M | $88.4M | $99.4M | $113.4M | +30.1% |
| Total liabilities | $44.0M | $44.5M | $44.5M | $45.2M | $52.0M | +18.2% |
| Net assets | $43.2M | $44.0M | $44.0M | $54.1M | $61.4M | +42.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Patrick S King General Manager/Chief Operating Officer· 40h/wk | $562,304 | $23,600 |
Joseph H F Wang Director of Racquet Sports· 40h/wk | $323,402 | $44,192 |
Bradley D Myers Head Golf Professional· 40h/wk | $244,142 | $15,156 |
Neil R Bennett Director of Adult Programs - Tennis· 40h/wk | $235,887 | $21,654 |
Michael A King Greens Superintendent-Arlington· 40h/wk | $218,484 | $41,421 |
Andrew R Welch Director of Clubhouse Operations-ARL· 40h/wk | $203,998 | $40,169 |
Donald D Nicholson Chief Financial Officer· 40h/wk | $202,227 | $19,161 |
Gregory J Paukstis Director of Junior Programs - Tennis· 40h/wk | $199,838 | $41,470 |
David A Dawson Director of Facilities· 20h/wk | $191,509 | $15,280 |
Diana C H Wang Director of Marketing & Communications· 40h/wk | $185,458 | $25,855 |
Joseph R Betcher Greens Superintendent-Fairfax· 40h/wk | $180,559 | $22,241 |
Douglas G Anderson Executive Chef-ARL· 40h/wk | $151,491 | $34,408 |
Jean Marc G Krone Tennis Instructor - Junior Program· 40h/wk | $145,926 | $17,237 |
Dennis T Williams Controller· 40h/wk | $133,770 | $19,897 |
Michael A Palamara Director of Clubhouse Operations-FFX· 40h/wk | $122,724 | $34,999 |
+ 40 unpaid officers/directors as reported (Abraham Melles, Beverly S Winston, CAPT David J Graff, +37 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Ashburn Asphalt LLC Broadlands, VA | Cart Path Repairs | $2,527,424 |
| Usedo Park Services LLC Falls Church, VA | Security & staffing | $1,753,615 |
| Building Maintenance Services LLC New York, NY | Engineer Services | $897,663 |
| Intreegue Design Inc Baltimore, MD | Pool & racquet | $731,628 |
| David A Dawson PE Sterling, VA | Management services | $193,200 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Membership Dues | $20,065,979 |
| Athletic & Junior Program Fees | $4,495,679 |
| Membership Assessments | $3,876,125 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$40.4M
▲ $7.3M new borrowing
Net land, buildings & equipment
$71.5M
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $286,006 |
| Occupancy | $4,214,695 |
| Depreciation & depletion | $6,112,707 |
| Information technology | $274,230 |
| Office expenses | $811,230 |
| Legal fees | $9,733 |
| Accounting fees | $56,081 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ARMY NAVY COUNTRY CLUB 401(K) PLAN
pension · 376 participants · FY2024
ARMY NAVY COUNTRY CLUB
welfare · 247 participants · FY2024
| Service provider | Paid |
|---|---|
| Empower Annuity Insurance Company | $35,398 |
| Kestra Advisory Services LLC | $30,000 |
| Empower Advisory Group, LLC | $5,952 |
AFounded in 1941, Army Navy Country Club reported $45.28M of revenue for FY23, at an operating margin of 16.1%. Revenue moved up 5.4% 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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