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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LAGO501(c)(7) · MEDIUMNAICS 713910EIN 59-0534558

Lagorce Country Club

Miami Beach, FL · founded 1947

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$15.47M

▲ 10.9% YoY

FY23 Total Expenses

$18.67M

▲ 8.9% YoY

Operating Margin

-20.7%

revenue minus expenses ÷ revenue

Employees

185

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$15.5M

▲ 30.7% / 5y

Expenses

$18.7M

▲ 31.8% / 5y

Total Assets

$37.7M

▲ 8.3% / 5y

Total Liabilities

$10.9M

▼ 3.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$11.8M	$11.6M	$11.6M	$13.9M	$15.5M	+30.7%
Expenses	$14.2M	$15.1M	$15.1M	$17.2M	$18.7M	+31.8%
Net surplus	-$2.3M	-$3.4M	-$3.4M	-$3.2M	-$3.2M	+37.5%
Total assets	$34.8M	$36.0M	$36.0M	$32.0M	$37.7M	+8.3%
Total liabilities	$11.3M	$10.9M	$10.9M	$4.0M	$10.9M	-3.2%
Net assets	$23.6M	$25.1M	$25.1M	$27.9M	$26.8M	+13.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
IAN LEGGATT General Manager· 55h/wk	$497,289	$16,423
JARRYD WOOD Head Golf Professional· 55h/wk	$280,155	$15,530
JOELLE DANIEL DIRECTOR OF FITNESS· 55h/wk	$263,877	—
ADAM PHELAN DIRECTOR OF AGRONOMY· 55h/wk	$205,752	$13,170
VINCENT MAHON Director of Racquets· 55h/wk	$128,562	$6,379
EDWIN CRUZ SENIOR CONTROLLER· 55h/wk	$103,075	$21,401

+ 9 unpaid officers/directors as reported (GREG DIAMOND, HOWARD SWARZMAN, JOHN WHITEHEAD, +6 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 & FEES	$10,156,311
GOLF ACTIVITIES	$1,607,793
TENNIS FEES	$482,635
FITNESS & POOL	$378,301
F & B MINIMUM SPENDING	$261,642

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$19.7M

book value, net of depreciation

Facility age

56%

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	$254,950
Depreciation & depletion	$2,797,676

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

LA GORCE COUNTRY CLUB 401(K) RETIREMENT PLAN

pension · 105 participants · $1.8M 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.

LFounded in 1947, Lagorce Country Club reported $15.47M of revenue for FY23, at an operating margin of -20.7%. Revenue moved up 10.9% 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 Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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