VBER501(c)(7) · MEDIUMNAICS 713910EIN 59-0687396
Vero Beach Country Club Inc
Vero Beach, FL · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.72M
▲ 4.9% YoY
FY23 Total Expenses
$7.51M
▲ 5.3% YoY
Operating Margin
-11.8%
revenue minus expenses ÷ revenue
Employees
130
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.7M
▲ 13.5% / 5y
Expenses
$7.5M
▲ 33.6% / 5y
Total Assets
$12.0M
▲ 35.6% / 5y
Total Liabilities
$1.7M
▲ 9.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.9M | $6.2M | $6.2M | $6.4M | $6.7M | +13.5% |
| Expenses | $5.6M | $5.4M | $6.5M | $7.1M | $7.5M | +33.6% |
| Net surplus | $295K | $795K | -$379K | -$732K | -$796K | -370.1% |
| Total assets | $8.9M | $11.3M | $11.6M | $11.4M | $12.0M | +35.6% |
| Total liabilities | $1.6M | $3.2M | $2.3M | $1.5M | $1.7M | +9.0% |
| Net assets | $7.3M | $8.1M | $9.3M | $9.9M | $10.3M | +41.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
TIMOTHY STRALEY General Manager· 50h/wk | $175,294 | $31,723 |
BRUCE MEIER Executive Chef· 45h/wk | $145,488 | $13,477 |
R SHANE WRIGHT Golf Course Superintendent· 45h/wk | $143,757 | $30,906 |
RANDY HEDGECOCK Head Golf Professional· 50h/wk | $137,276 | $8,201 |
JUDY FOLCK Controller· 45h/wk | $127,440 | $11,029 |
+ 11 unpaid officers/directors as reported (BILL LYNCH, DANE ULLIAN, JAMIE ABRAMS, +8 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 & ASSESSMENTS | $4,382,256 |
| CART RENTAL & GREEN FEES | $747,545 |
| PRO AM TOURNAMENT | $91,620 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$9.5M
book value, net of depreciation
Facility age
58%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $212,569 |
| Depreciation & depletion | $1,188,777 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
VERO BEACH COUNTRY CLUB 401(K) PLAN
pension · 55 participants · $1.8M assets · FY2024
VFounded in 1941, Vero Beach Country Club Inc reported $6.72M of revenue for FY23, at an operating margin of -11.8%. Revenue moved up 4.9% 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
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