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

Gulf Stream Golf Club

Gulf Stream, FL · founded 1925
13 filings on recordFY 20112023medium confidence
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
6.95.65.89.96.8
Expenses
$7.7M
▲ 26.0% / 5y
6.16.06.210.77.7
Total Assets
$39.9M
▲ 30.7% / 5y
30.632.134.039.039.9
Total Liabilities
$4.4M
▼ 7.2% / 5y
4.82.23.56.04.4

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$6.9M$5.6M$5.8M$9.9M$6.8M-1.7%
Expenses$6.1M$6.0M$6.2M$10.7M$7.7M+26.0%
Net surplus$837K-$410K-$393K-$733K-$859K-202.6%
Total assets$30.6M$32.1M$34.0M$39.0M$39.9M+30.7%
Total liabilities$4.8M$2.2M$3.5M$6.0M$4.4M-7.2%
Net assets$25.8M$30.0M$30.5M$33.0M$35.5M+37.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
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 itemAmount
MEMBERSHIP DUES$5,649,441
GREEN FEES$561,114
GOLF CARTS$337,513
LOCKER ROOMS$133,753
DECORATIONS$73,445

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)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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