RPYO501(c)(7) · MEDIUMNAICS 713910EIN 59-0873777

Royal Palm Yacht & Country Club

Boca Raton, FL · founded 1961
13 filings on recordFY 20112023medium confidence
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
12.615.315.317.515.7
Expenses
$19.7M
▲ 24.2% / 5y
15.817.917.920.519.7
Total Assets
$58.8M
▲ 31.4% / 5y
44.846.346.343.858.8
Total Liabilities
$28.5M
▲ 22.5% / 5y
23.218.918.914.428.5

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
MEMBER DUES$12,331,994
CARTS/GOLF-RELATED$778,840
FITNESS$286,916
TENNIS & POOL$280,418
LOCKER RENTAL$47,040

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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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