RPYO501(c)(7) · MEDIUMNAICS 713910EIN 59-0873777
Royal Palm Yacht & Country Club
Boca Raton, FL · founded 1961
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$15.70M
▼ 10.5% YoY
FY23 Total Expenses
$19.67M
▼ 3.9% YoY
Operating Margin
-25.3%
revenue minus expenses ÷ revenue
Employees
305
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$15.7M
▲ 25.0% / 5y
Expenses
$19.7M
▲ 24.2% / 5y
Total Assets
$58.8M
▲ 31.4% / 5y
Total Liabilities
$28.5M
▲ 22.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $12.6M | $15.3M | $15.3M | $17.5M | $15.7M | +25.0% |
| Expenses | $15.8M | $17.9M | $17.9M | $20.5M | $19.7M | +24.2% |
| Net surplus | -$3.3M | -$2.6M | -$2.6M | -$2.9M | -$4.0M | +21.1% |
| Total assets | $44.8M | $46.3M | $46.3M | $43.8M | $58.8M | +31.4% |
| Total liabilities | $23.2M | $18.9M | $18.9M | $14.4M | $28.5M | +22.5% |
| Net assets | $21.5M | $27.4M | $27.4M | $29.4M | $30.3M | +40.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROB OOSTERHUIS GENERAL MANAGER/COO· 50h/wk | $454,651 | $36,158 |
ROBERT ANDERSON GOLF COURSE SUPERINDENDENT(THROUGH 10/23)· 50h/wk | $224,193 | $13,552 |
RAFAEL CURBELO Director of Racquets· 50h/wk | $212,435 | $24,958 |
JAIME PICACHE Chief Financial Officer· 50h/wk | $208,316 | $23,535 |
MICHAEL SHANLEY Membership Director· 50h/wk | $201,350 | $4,836 |
DONALD YOUNG Executive Chef· 50h/wk | $196,126 | $12,851 |
PABLO CASTRO Assistant General Manager· 50h/wk | $163,624 | $29,867 |
+ 9 unpaid officers/directors as reported (BEN KENNEDY, BRETT FRAZEE, BRYAN GENTILE, +6 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 |
|---|---|
| MEMBER DUES | $12,331,994 |
| CARTS/GOLF-RELATED | $778,840 |
| FITNESS | $286,916 |
| TENNIS & POOL | $280,418 |
| LOCKER RENTAL | $47,040 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$12.9M
▲ $11.7M new borrowing
Net land, buildings & equipment
$44.9M
book value, net of depreciation
Facility age
27%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $712,011 |
| Depreciation & depletion | $2,195,473 |
| Information technology | $532,947 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ROYAL PALM YACHT & COUNTRY CLUB 401(K) PROFIT SHARING PLAN
pension · 115 participants · $5.5M assets · FY2024
ROYAL PALM YACHT AND COUNTRY CLUB WELFARE PLAN
welfare · 105 participants · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Waiters and Waitresses Boca Raton, FL | $37K | 30 | Oct 2025 → May 2026 |
Cooks, Restaurant Boca Raton, FL | $36K | 12 | Oct 2025 → May 2026 |
Amusement and Recreation Attendants Boca Raton, FL | $30K | 8 | Oct 2025 → May 2026 |
RFounded in 1961, Royal Palm Yacht & Country Club reported $15.70M of revenue for FY23, at an operating margin of -25.3%. Revenue moved down 10.5% 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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