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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RIOM501(c)(7) · MEDIUMNAICS 713910EIN 59-0422995

Riomar Country Club

Vero Beach, FL · founded 1992

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$6.35M

▲ 15.9% YoY

FY23 Total Expenses

$7.95M

▲ 19.1% YoY

Operating Margin

-25.2%

revenue minus expenses ÷ revenue

Employees

109

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$6.3M

▲ 112.3% / 5y

Expenses

$7.9M

▲ 60.9% / 5y

Total Assets

$20.0M

▲ 51.0% / 5y

Total Liabilities

$5.5M

▲ 114.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.0M	$5.1M	$5.1M	$5.5M	$6.3M	+112.3%
Expenses	$4.9M	$5.9M	$5.9M	$6.7M	$7.9M	+60.9%
Net surplus	-$1.9M	-$801K	-$801K	-$1.2M	-$1.6M	-17.9%
Total assets	$13.2M	$15.0M	$15.0M	$20.8M	$20.0M	+51.0%
Total liabilities	$2.6M	$2.6M	$2.6M	$6.8M	$5.5M	+114.4%
Net assets	$10.7M	$12.3M	$12.3M	$14.0M	$14.5M	+35.6%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
DREW DISESA Director of Golf· 40h/wk	$245,209	$17,088
BROOKE RADCLIFFE General Manager· 40h/wk	$237,237	$4,503
DENNIS CROUMIE Golf Course Superintendent· 40h/wk	$185,116	$18,614
ANDREW MILAS Executive Chef· 40h/wk	$164,346	$4,995

+ 9 unpaid officers/directors as reported (DOUGLAS K WATSON, LAURA G MCDERMOTT, MICHAEL J HERLING, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Jimmy'S Tree Service Inc VERO BEACH, FL	TREE MAINTENANCE	$113,343

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$4,053,296
GOLF CART RENTALS & STORAGE	$398,925
GREENS AND RANGE FEES	$296,973
OTHER REVENUE	$182,414

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$4.6M

▼ $1.3M paid down

Net land, buildings & equipment

$11.6M

book value, net of depreciation

Facility age

39%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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	$458,450
Occupancy	$549,672
Depreciation & depletion	$1,094,589
Information technology	$29,904
Office expenses	$14,838
Legal fees	$18,426
Accounting fees	$27,700
Other professional fees	$191,702

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

RIOMAR COUNTRY CLUB 401(K) PLAN

pension · 38 participants · $2.3M 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.

RFounded in 1992, Riomar Country Club reported $6.35M of revenue for FY23, at an operating margin of -25.2%. Revenue moved up 15.9% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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