PCAL501(c)(7) · MEDIUMNAICS 713910EIN 59-0390297
Palma Ceia Golf And Country Club
Tampa, FL · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$15.34M
▲ 6.7% YoY
FY23 Total Expenses
$16.92M
▲ 6.2% YoY
Operating Margin
-10.3%
revenue minus expenses ÷ revenue
Employees
329
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$15.3M
▲ 26.5% / 5y
Expenses
$16.9M
▲ 27.2% / 5y
Total Assets
$29.0M
▲ 37.7% / 5y
Total Liabilities
$1.7M
▲ 27.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $12.1M | $13.5M | $13.5M | $14.4M | $15.3M | +26.5% |
| Expenses | $13.3M | $13.6M | $13.6M | $15.9M | $16.9M | +27.2% |
| Net surplus | -$1.2M | -$155K | -$155K | -$1.6M | -$1.6M | +34.2% |
| Total assets | $21.1M | $26.1M | $26.1M | $27.0M | $29.0M | +37.7% |
| Total liabilities | $1.4M | $1.5M | $1.5M | $1.3M | $1.7M | +27.1% |
| Net assets | $19.7M | $24.6M | $24.6M | $25.7M | $27.3M | +38.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROBERT G LEY JR General Manager· 40h/wk | $394,228 | $12,231 |
CARSON KAMPS Golf Course Superintendent· 40h/wk | $224,452 | $25,116 |
MORTON HODGE Director of Golf· 40h/wk | $167,626 | $18,680 |
TOM POWELL Executive Chef· 40h/wk | $129,001 | $25,116 |
+ 17 unpaid officers/directors as reported (ART WELSH, BRETT DIVERS, DAN W FIELDS III, +14 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Mikolaj Caruck TAMPA, FL | Pool & racquet | $134,219 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES | $7,750,940 |
| GREENS FEES&CART RENTAL | $1,398,980 |
| SERVICE CHARGES | $1,082,242 |
| LOCKER RENTAL | $281,323 |
| TENNIS & SWIMMING | $99,034 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$15.8M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $438,376 |
| Depreciation & depletion | $1,665,878 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
PALMA CEIA GOLF & COUNTRY CLUB 401(K) & PROFIT SHARING PLAN
pension · 106 participants · $4.8M assets · FY2024
PALMA CEIA GOLF AND COUNTRY CLUB HEALTH & WELFARE BENEFITS PLAN
welfare · 106 participants · FY2024
PFounded in 1945, Palma Ceia Golf And Country Club reported $15.34M of revenue for FY23, at an operating margin of -10.3%. Revenue moved up 6.7% 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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