TEQU501(c)(7) · MEDIUMNAICS 713910EIN 59-0814422
Tequesta Country Club Inc
Tequesta, FL · founded 1969
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.96M
▲ 14.5% YoY
FY23 Total Expenses
$9.17M
▲ 21.4% YoY
Operating Margin
-15.1%
revenue minus expenses ÷ revenue
Employees
153
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.0M
▲ 53.6% / 5y
Expenses
$9.2M
▲ 76.5% / 5y
Total Assets
$14.4M
▲ 70.6% / 5y
Total Liabilities
$834K
▲ 71.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.2M | $6.5M | $6.5M | $7.0M | $8.0M | +53.6% |
| Expenses | $5.2M | $5.8M | $5.8M | $7.5M | $9.2M | +76.5% |
| Net surplus | -$9K | $724K | $724K | -$591K | -$1.2M | +13424.2% |
| Total assets | $8.4M | $11.8M | $11.8M | $14.4M | $14.4M | +70.6% |
| Total liabilities | $485K | $583K | $583K | $779K | $834K | +71.8% |
| Net assets | $8.0M | $11.2M | $11.2M | $13.7M | $13.6M | +70.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ADAM RHYS, BRITT WHITFIELD, DAVE MCCARTHY, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 | $5,345,491 |
| GOLF ACTIVITY | $1,454,452 |
| INITIATION FEES | $192,407 |
| TENNIS | $1,130 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$6.0M
book value, net of depreciation
Facility age
58%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $477,515 |
| Occupancy | $352,317 |
| Depreciation & depletion | $672,222 |
| Office expenses | $143,161 |
| Legal fees | $135,696 |
| Accounting fees | $138,131 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
TEQUESTA COUNTRY CLUB, INC RETIREMENT PLAN
pension · 65 participants · $2.4M assets · FY2024
TFounded in 1969, Tequesta Country Club Inc reported $7.96M of revenue for FY23, at an operating margin of -15.1%. Revenue moved up 14.5% 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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