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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

HERM501(c)(7) · MEDIUMNAICS 713910EIN 54-0245390

Hermitage Country Club Inc

Manakin Sabot, VA · founded 1936

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$15.02M

▲ 3.9% YoY

FY23 Total Expenses

$13.40M

▲ 17.0% YoY

Operating Margin

10.8%

revenue minus expenses ÷ revenue

Employees

427

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$15.0M

▲ 48.0% / 5y

Expenses

$13.4M

▲ 25.2% / 5y

Total Assets

$29.1M

▲ 31.6% / 5y

Total Liabilities

$8.3M

▼ 17.0% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$10.1M	$8.7M	$12.1M	$14.5M	$15.0M	+48.0%
Expenses	$10.7M	$9.9M	$8.6M	$11.5M	$13.4M	+25.2%
Net surplus	-$559K	-$1.2M	$3.5M	$3.0M	$1.6M	-389.4%
Total assets	$22.1M	$23.0M	$25.6M	$27.8M	$29.1M	+31.6%
Total liabilities	$10.0M	$10.3M	$9.5M	$8.6M	$8.3M	-17.0%
Net assets	$12.1M	$12.6M	$16.2M	$19.2M	$20.8M	+72.0%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
STEPHEN BURKHART General Manager· 40h/wk	$304,891	$35,541
CHRISTOPHER HARRIMAN Director of Grounds· 40h/wk	$247,704	$35,830
MARK BERNSTINE DIRECTOR OF TENNIS & FITNE· 40h/wk	$222,054	$28,111
CRAIG CALLENS Director of Golf· 40h/wk	$191,929	$16,168
DENNIS MANDRAGONA EXCEUTIVE CHEF· 40h/wk	$142,924	$24,259
ROGER WOLFE Director of Finance· 40h/wk	$140,206	$19,716

+ 11 unpaid officers/directors as reported (CAROLE SCOTT, JEFF MUSSATT, JOHN MILLER, +8 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
MEMBERSHIP DUES	$7,978,650
CAPITAL DUES	$1,641,152
GOLF OPERATIONS	$1,347,466
INITIATION FEES	$1,182,950
TENNIS & POOL FEES	$169,372

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$6.7M

▼ $168K paid down

Net land, buildings & equipment

$23.0M

book value, net of depreciation

Facility age

45%

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	$204,088
Occupancy	$638,514
Depreciation & depletion	$1,341,088

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

HERMITAGE COUNTRY CLUB INC 401(K) PROFIT SHARING PLAN & TRUST

pension · 101 participants · $7.1M assets · FY2024

HERMITAGE COUNTRY CLUB, INC WELFARE PLAN

welfare · 105 participants · 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.

HFounded in 1936, Hermitage Country Club Inc reported $15.02M of revenue for FY23, at an operating margin of 10.8%. Revenue moved up 3.9% 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 Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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