WASH501(c)(7) · MEDIUMNAICS 713910EIN 54-0426360
Washington Golf And Country Club Inc
Arlington, VA · founded 1938
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$22.22M
▲ 3.0% YoY
FY23 Total Expenses
$21.13M
▲ 7.0% YoY
Operating Margin
4.9%
revenue minus expenses ÷ revenue
Employees
521
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$22.2M
▲ 43.1% / 5y
Expenses
$21.1M
▲ 32.6% / 5y
Total Assets
$52.0M
▲ 12.9% / 5y
Total Liabilities
$15.8M
▼ 4.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $15.5M | $21.1M | $21.1M | $21.6M | $22.2M | +43.1% |
| Expenses | $15.9M | $18.1M | $18.1M | $19.7M | $21.1M | +32.6% |
| Net surplus | -$396K | $3.0M | $3.0M | $1.8M | $1.1M | -377.3% |
| Total assets | $46.0M | $48.5M | $48.5M | $50.4M | $52.0M | +12.9% |
| Total liabilities | $16.6M | $15.2M | $15.2M | $15.4M | $15.8M | -4.6% |
| Net assets | $29.5M | $33.2M | $33.2M | $35.1M | $36.2M | +22.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PATRICK TOBEY General Manager· 60h/wk | $379,807 | $60,090 |
GERSON MENDEZ Director of Racquets· 50h/wk | $241,169 | $21,625 |
ANDREW ROBERTSON GREEN SUPERINTENDENT· 50h/wk | $228,230 | $28,376 |
JAY DUFTY Director of Golf· 50h/wk | $219,807 | $9,085 |
JACK LEWIS Head Golf Professional· 45h/wk | $186,863 | $15,013 |
STEVE LAWSON Assistant General Manager· 45h/wk | $160,031 | $13,795 |
ROBERT FERGUSON HEAD WOMEN'S GOLF COACH· 45h/wk | $155,994 | $25,754 |
FRANK FERGUSON Head Golf Professional· 45h/wk | $132,996 | $19,209 |
NEVIN XAVIER DIRECTOR OF FOOD & BEVERAGE· 45h/wk | $121,339 | $10,132 |
JOEL NASH Controller· 45h/wk | $115,680 | $23,615 |
+ 12 unpaid officers/directors as reported (CLAYTON HEIL, DAVE DINARDO, DELK HAMAKER, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Fj Corbett FAIRFAX, VA | Construction & renovation | $389,361 |
| Edward Don & Company CHICAGO, IL | Food & beverage | $276,301 |
| Selective Insurance PITTSBURGH, PA | Professional services | $226,999 |
| E&B Contractors LLC GERMANTOWN, MD | REPAIRS & MAINTENANCE | $158,338 |
| Sundek GRAND PRARIE, TX | Pool & racquet | $137,000 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES | $10,404,756 |
| INITIATION FEES | $3,327,500 |
| SPECIAL ASSESSMENT | $1,130,859 |
| GOLF OPERATIONS | $1,111,547 |
| TENNIS REVENUE | $866,882 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$9.2M
▼ $143K paid down
Net land, buildings & equipment
$36.6M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $285,990 |
| Occupancy | $1,662,265 |
| Depreciation & depletion | $2,971,098 |
| Office expenses | $357,021 |
| Legal fees | $42,972 |
| Accounting fees | $38,336 |
| Other professional fees | $65,000 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WASHINGTON GOLF & COUNTRY CLUB 401(K) & PROFIT SHARING PLAN
pension · 184 participants · FY2024
WASHINGTON GOLF & COUNTRY CLUB INC LIFE AND DISABILITY PLAN
welfare · 132 participants · FY2024
| Service provider | Paid |
|---|---|
| Empower Annuity Insurance Company | $25,595 |
| Northwestern Mutual Wealth Mgmt | $13,155 |
| Empower Advisory Group, LLC | $10,632 |
WFounded in 1938, Washington Golf And Country Club Inc reported $22.22M of revenue for FY23, at an operating margin of 4.9%. Revenue moved up 3.0% 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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