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

Lagorce Country Club

Miami Beach, FL · founded 1947
13 filings on recordFY 20112023medium confidence
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
11.811.611.613.915.5
Expenses
$18.7M
▲ 31.8% / 5y
14.215.115.117.218.7
Total Assets
$37.7M
▲ 8.3% / 5y
34.836.036.032.037.7
Total Liabilities
$10.9M
▼ 3.2% / 5y
11.310.910.94.010.9

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
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

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)
+ 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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