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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

PBAL501(c)(7) · MEDIUMNAICS 713910EIN 59-0706084

Palm Beach Country Club

Palm Beach, FL · founded 1955

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$12.48M

▼ 8.7% YoY

FY23 Total Expenses

$18.88M

▼ 2.1% YoY

Operating Margin

-51.3%

revenue minus expenses ÷ revenue

Employees

173

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$12.5M

▼ 35.2% / 5y

Expenses

$18.9M

▲ 9.6% / 5y

Total Assets

$45.4M

▲ 90.8% / 5y

Total Liabilities

$7.8M

▲ 216.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$19.2M	$21.2M	$21.2M	$13.7M	$12.5M	-35.2%
Expenses	$17.2M	$17.8M	$17.8M	$19.3M	$18.9M	+9.6%
Net surplus	$2.0M	$3.5M	$3.5M	-$5.6M	-$6.4M	-418.3%
Total assets	$23.8M	$28.1M	$28.1M	$30.9M	$45.4M	+90.8%
Total liabilities	$2.5M	$2.3M	$2.3M	$2.7M	$7.8M	+216.5%
Net assets	$21.3M	$25.8M	$25.8M	$28.2M	$37.6M	+76.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
RONALD PASSAGGIO General Manager· 60h/wk	$514,342	$19,052
RICHARD KELLEMS Chief Financial Officer· 60h/wk	$491,570	$19,052
GEORGE KERVERN Golf Course Superintendent· 60h/wk	$355,586	$25,616
KIRBY KRAUTER Head Tennis Professional· 60h/wk	$331,686	$8,005
EZEQUIEL LOPEZ Executive Chef· 60h/wk	$307,166	$25,616
ZACHARY BRADY Head Golf Professional· 60h/wk	$230,049	$8,005
JOHN BEDNAR IV Head Golf Professional· 50h/wk	$213,701	$7,225
ADILSON SILVA CLUBHOUSE MANAGER· 60h/wk	$174,463	$19,052
PAYTON MINEAR Head Golf Professional· 50h/wk	$169,910	$4,670

+ 16 unpaid officers/directors as reported (BENJAMIN WINTER, DAVID BLUE, DAVID S MACK, +13 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
The Beacon Group BOCA RATON, FL	Professional services	$1,008,991
Cheney Brothers RIVIERA BEACH, FL	Food & beverage	$632,601
Florida Blue DALLAS, TX	Professional services	$606,335
Lopez Group Inc PALM BEACH, FL	Turf & grounds	$390,822

Revenue by activity

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

Line item	Amount
MEMBERSHIP DUES	$11,910,384
TENNIS FEES	$298,863
GOLF LESSONS	$266,043
LOCKER RENTALS	$185,325
GREENS FEES	$168,629

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$33.3M

book value, net of depreciation

Facility age

29%

accumulated depreciation ÷ cost — higher = older plant

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	$385,953
Occupancy	$872,539
Depreciation & depletion	$2,399,315

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

PALM BEACH COUNTRY CLUB 401(K) PLAN

pension · 61 participants · $5.7M 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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
First-Line Supervisors of Food Preparation and Serving Workers Palm Beach, FL	$47K	1	Oct 2025 → May 2026
Waiters and Waitresses Palm Beach, FL	$38K	19	Oct 2025 → May 2026
Landscaping and Groundskeeping Workers Palm Beach, FL	$38K	1	Oct 2025 → May 2026
Cooks, Restaurant Palm Beach, FL	$37K	6	Oct 2025 → May 2026
Amusement and Recreation Attendants Palm Beach, FL	$31K	1	Oct 2025 → May 2026

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

PFounded in 1955, Palm Beach Country Club reported $12.48M of revenue for FY23, at an operating margin of -51.3%. Revenue moved down 8.7% 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 Fri Jun 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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