| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $2.2M | $2.2M | $2.3M | $2.3M | +1.9% |
| Expenses | $2.0M | $2.1M | $2.1M | $2.2M | $2.3M | +15.5% |
| Net surplus | $287K | $128K | $128K | $121K | $20K | -93.1% |
| Total assets | $3.9M | $4.1M | $4.1M | $4.2M | $4.4M | +11.0% |
| Total liabilities | $75K | $89K | $89K | $111K | $256K | +240.4% |
| Net assets | $3.9M | $4.0M | $4.0M | $4.1M | $4.1M | +6.5% |
| Officer · Employee | Reportable | Other |
|---|---|---|
MARK SWYGERT Golf Course Superintendent· 40h/wk | $114,362 | $4,568 |
ANNETTE CHEEKS BUSINESS MANAGER· 40h/wk | $61,231 | $2,442 |
+ 11 unpaid officers/directors as reported (ARNIE KILBURZ, CHAD MELDRUM, GREG PASCAL, +8 more)
| Vendor | Service | Paid |
|---|---|---|
GREEN TEE GOLF INC AUGUSTA, GA | GOLF COURSE BUILDER | $1,045,122 |
GILLAM & ASSOCIATES INC AIKEN, SC | CONTRACTOR | $497,225 |
| Line item | Amount |
|---|---|
| MEMBERSHIPS | $1,239,965 |
| GREEN FEES | $666,732 |
| CART RENTAL & STORAGE | $164,562 |
| TOURNAMENT PROCEEDS | $152,745 |
| MISCELLANEOUS PROGRAM | $20,226 |
PFounded in 1989, Palmetto Golf Club reported $2.33M of revenue for FY23, at an operating margin of 0.8%. Revenue moved up 0.2% 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.