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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

GSUL501(c)(7) · MEDIUMNAICS 713910EIN 59-0277270

Gulf Stream Golf Club

Gulf Stream, FL · founded 1925

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$6.79M

▼ 31.6% YoY

FY23 Total Expenses

$7.65M

▼ 28.2% YoY

Operating Margin

-12.6%

revenue minus expenses ÷ revenue

Employees

104

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$6.8M

▼ 1.7% / 5y

Expenses

$7.7M

▲ 26.0% / 5y

Total Assets

$39.9M

▲ 30.7% / 5y

Total Liabilities

$4.4M

▼ 7.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$6.9M	$5.8M	$5.8M	$9.9M	$6.8M	-1.7%
Expenses	$6.1M	$6.2M	$6.2M	$10.7M	$7.7M	+26.0%
Net surplus	$837K	-$393K	-$393K	-$733K	-$859K	-202.6%
Total assets	$30.6M	$34.0M	$34.0M	$39.0M	$39.9M	+30.7%
Total liabilities	$4.8M	$3.5M	$3.5M	$6.0M	$4.4M	-7.2%
Net assets	$25.8M	$30.5M	$30.5M	$33.0M	$35.5M	+37.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KEVIN BAUER General Manager· 40h/wk	$265,782	$25,191
RYAN SWILLEY Golf Course Superintendent· 40h/wk	$206,503	$23,169
ROBERT MIELBRECHT Head Golf Professional· 40h/wk	$206,309	$21,106
TOM TURBYFILL Chief Financial Officer· 40h/wk	$198,492	$18,053
JOANNE MCNAMARRA Human Resources Director· 40h/wk	$108,867	$9,162

+ 15 unpaid officers/directors as reported (CARLOS J ROUTH JR, DEWITT ALEXANDRE, GEORGE N FUGELSANG, +12 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	$5,649,441
GREEN FEES	$561,114
GOLF CARTS	$337,513
LOCKER ROOMS	$133,753
DECORATIONS	$73,445

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$35.5M

book value, net of depreciation

Facility age

—

accumulated depreciation ÷ cost — higher = older plant

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

$686,278

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

GULF STREAM GOLF CLUB 401(K) PLAN

pension · 59 participants · $4.6M assets · 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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Waiters and Waitresses Gulf Stream, FL	$37K	15	Oct 2025 → May 2026
Cooks, Restaurant Gulf Stream, FL	$36K	8	Oct 2025 → May 2026

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

GFounded in 1925, Gulf Stream Golf Club reported $6.79M of revenue for FY23, at an operating margin of -12.6%. Revenue moved down 31.6% 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 Wed May 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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