| 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 · 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)
| Vendor | Service | Paid |
|---|---|---|
THE BEACON GROUP BOCA RATON, FL | INSURANCE | $1,008,991 |
CHENEY BROTHERS RIVIERA BEACH, FL | FOOD / SUPPLIES | $632,601 |
FLORIDA BLUE DALLAS, TX | HEALTH INSURANCE | $606,335 |
LOPEZ GROUP INC PALM BEACH, FL | LANDSCAPING | $390,822 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $11,910,384 |
| TENNIS FEES | $298,863 |
| GOLF LESSONS | $266,043 |
| LOCKER RENTALS | $185,325 |
| GREENS FEES | $168,629 |
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.