FARM501(c)(7) · MEDIUMNAICS 713910EIN 54-0540028
Farmington Country Club Inc
Charlottesvle, VA · founded 1952
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$28.84M
▲ 7.1% YoY
FY23 Total Expenses
$26.10M
▲ 9.8% YoY
Operating Margin
9.5%
revenue minus expenses ÷ revenue
Employees
685
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$28.8M
▲ 41.5% / 5y
Expenses
$26.1M
▲ 43.6% / 5y
Total Assets
$57.3M
▲ 53.5% / 5y
Total Liabilities
$10.1M
▲ 203.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $20.4M | $25.3M | $25.3M | $26.9M | $28.8M | +41.5% |
| Expenses | $18.2M | $19.7M | $19.7M | $23.8M | $26.1M | +43.6% |
| Net surplus | $2.2M | $5.5M | $5.5M | $3.2M | $2.7M | +24.1% |
| Total assets | $37.3M | $52.4M | $52.4M | $55.0M | $57.3M | +53.5% |
| Total liabilities | $3.3M | $11.1M | $11.1M | $10.6M | $10.1M | +203.3% |
| Net assets | $34.0M | $41.3M | $41.3M | $44.5M | $47.2M | +38.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOSEPH E KRENN GENERAL MANAGER/COO· 50h/wk | $546,588 | $24,032 |
SCOTT G KINNAN Golf Course Superintendent· 45h/wk | $289,139 | $24,557 |
RONALD B HASS DIRECTOR OF RACQUET SPORTS· 45h/wk | $268,928 | $17,006 |
JULIEANNE B BROWN Chief Financial Officer· 45h/wk | $245,494 | $19,179 |
BRANDON JOHNSON General Manager· 50h/wk | $209,953 | $20,424 |
JONATHAN SAROSIEK TENNIS ASST PRO· 60h/wk | $205,812 | $10,203 |
MICHAEL MATARAZZO Executive Chef· 45h/wk | $195,421 | $17,210 |
+ 13 unpaid officers/directors as reported (ANNE LOGAN, ASHLEY MCCARON, BARKLEY LAING, +10 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Cooper Robertson NEW YORK, NY | Course architecture | $409,944 |
| Procurement Consortium FAIRFIELD, CT | INTERIOR DESIGNERS | $345,044 |
| Millenium Security CHARLOTTESVILLE, VA | Security & staffing | $142,625 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES/ INIT. FEES | $17,180,756 |
| CLUBHOUSE | $2,142,523 |
| GOLF | $1,507,862 |
| OTHER | $1,126,358 |
| TENNIS | $1,002,579 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$43.0M
book value, net of depreciation
Facility age
40%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $275,950 |
| Occupancy | $864,152 |
| Depreciation & depletion | $2,766,624 |
| Information technology | $147,097 |
| Advertising & promotion | $193,736 |
| Office expenses | $64,587 |
| Legal fees | $44,258 |
| Accounting fees | $30,553 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
FARMINGTON COUNTRY CLUB EMPLOYEE BENEFIT PLAN
welfare · 108 participants · FY2024
FARMINGTON COUNTRY CLUB RETIREMENT PLAN
pension · 160 participants · FY2024
| Service provider | Paid |
|---|---|
| Principal Life Insurance Company | $33,376 |
| Global Retirement Partners LLC | $20,571 |
| Wellth Advisory Services, LLC | $6,863 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Bartenders Charlottesville, VA | $46K | 1 | May 2025 → Oct 2025 |
Landscaping and Groundskeeping Workers Charlottesville (mail only), VA | $38K | 25 | Apr 2025 → Dec 2025 |
Cooks, Restaurant Charlottesville, VA | $37K | 5 | May 2025 → Oct 2025 |
Waiters and Waitresses Charlottesville, VA | $37K | 5 | May 2025 → Oct 2025 |
FFounded in 1952, Farmington Country Club Inc reported $28.84M of revenue for FY23, at an operating margin of 9.5%. Revenue moved up 7.1% 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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