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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RCGI501(c)(7) · MEDIUMNAICS 713910EIN 59-0539247

Riviera Country Club Of Coral Gables Inc

Coral Gables, FL · founded 1949

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$29.37M

▲ 13.0% YoY

FY23 Total Expenses

$27.37M

▲ 15.0% YoY

Operating Margin

6.8%

revenue minus expenses ÷ revenue

Employees

378

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$29.4M

▲ 181.2% / 5y

Expenses

$27.4M

▲ 42.5% / 5y

Total Assets

$69.7M

▲ 11.7% / 5y

Total Liabilities

$33.1M

▼ 10.0% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$10.4M	$21.7M	$21.7M	$26.0M	$29.4M	+181.2%
Expenses	$19.2M	$21.4M	$21.4M	$23.8M	$27.4M	+42.5%
Net surplus	-$8.8M	$274K	$274K	$2.2M	$2.0M	-122.8%
Total assets	$62.4M	$63.2M	$63.2M	$65.9M	$69.7M	+11.7%
Total liabilities	$36.8M	$36.5M	$36.5M	$32.5M	$33.1M	-10.0%
Net assets	$25.6M	$26.8M	$26.8M	$33.4M	$36.6M	+42.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MARK SNURE General Manager· 60h/wk	$534,285	$33,744
PATRICK SALTER DIRECTOR OF AGRONOMY· 55h/wk	$404,886	$26,250
GERALD LEWIS EXECUTIVE CHIEF· 55h/wk	$283,617	$20,148
DANIEL PELLA DIRECTOR OF FINANCE & ACCO· 55h/wk	$280,763	$22,125
JOSEPH LUDEMAN Head Golf Professional· 55h/wk	$255,229	—
EMMANUEL PALACIOS Head Golf Professional· 55h/wk	$179,146	—
NESTOR DELGADO Head Golf Professional· 55h/wk	$159,017	—
CASEY SHOFFIT Head Golf Professional· 55h/wk	$143,243	—
MICHEL LIENDO Board Member· 55h/wk	$136,958	—
FRANCES LAPOINT ASSIT. DIREC. OF FINANCE & ACC· 55h/wk	$134,019	—
JUAN ALVAREZ Head Tennis Professional· 55h/wk	$127,776	—
HELENE KAPPLER PALMIOTTO Head Tennis Professional· 55h/wk	$123,468	—
SANTIAGO SALAZAR DIR. OF BUILDING MAINTENANCE· 55h/wk	$115,995	—

+ 14 unpaid officers/directors as reported (ALBERTO ARAZOZA, ALEXANDER P ADAMS, CHERYL GOLDSTEIN, +11 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
CAPITAL FUND FEES	$5,141,460
GOLF ACTIVITES	$3,085,527
INITIATION FEES	$1,395,580
SWIMMING, FITNESS & LOCKER ROOMS	$830,846
TENNIS ACTIVITIES	$604,862

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

unchanged YoY

Net land, buildings & equipment

$48.2M

book value, net of depreciation

Facility age

27%

accumulated depreciation ÷ cost — higher = older plant

Tax-exempt bond liabilities

end of year

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

Management fees	$0
Insurance	$490,206
Occupancy	$749,655
Depreciation & depletion	$3,542,898
Information technology	$93,000
Advertising & promotion	$316
Office expenses	$349,487
Legal fees	$0
Accounting fees	$0
Other professional fees	$53,675

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

RIVIERA COUNTRY CLUB OF CORAL GABLES, INC. HEALTH AND WELFARE PLAN

welfare · 215 participants · FY2024

RIVIERA COUNTRY CLUB 401(K) RETIREMENT PLAN

pension · 168 participants · FY2024

Service provider	Paid
Ingham & Company	$40,447

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 1949, Riviera Country Club Of Coral Gables Inc reported $29.37M of revenue for FY23, at an operating margin of 6.8%. Revenue moved up 13.0% 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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