OCEA501(c)(7) · MEDIUMNAICS 713910EIN 59-1004935
Oceanside Golf & Country Club Inc
Ormond Beach, FL · founded 1989
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.73M
▲ 19.1% YoY
FY23 Total Expenses
$7.22M
▲ 11.3% YoY
Operating Margin
6.5%
revenue minus expenses ÷ revenue
Employees
199
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.7M
▲ 60.9% / 5y
Expenses
$7.2M
▲ 44.0% / 5y
Total Assets
$10.7M
▼ 4.9% / 5y
Total Liabilities
$5.3M
▼ 19.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $6.1M | $6.1M | $6.5M | $7.7M | +60.9% |
| Expenses | $5.0M | $5.7M | $5.7M | $6.5M | $7.2M | +44.0% |
| Net surplus | -$210K | $361K | $361K | -$1K | $506K | -340.7% |
| Total assets | $11.2M | $11.2M | $11.2M | $10.6M | $10.7M | -4.9% |
| Total liabilities | $6.6M | $6.3M | $6.3M | $5.7M | $5.3M | -19.9% |
| Net assets | $4.7M | $4.9M | $4.9M | $4.9M | $5.4M | +16.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAVID L MAIN GENERAL MANA· 40h/wk | $239,148 | $13,000 |
MICHAEL SANDERS Head Tennis Professional· 40h/wk | $173,393 | $10,452 |
KELLY LAWRENCE DIR OF MEMBE· 40h/wk | $145,715 | $11,590 |
JASON HRYNKIW Head Golf Professional· 40h/wk | $139,823 | $8,354 |
CLINTON LEFABVRE EXECUTIVE CH· 40h/wk | $115,279 | $10,209 |
TARA HEARD Controller· 40h/wk | $111,793 | $10,518 |
+ 9 unpaid officers/directors as reported (ANAND JOBALIA, ANDREW GURTIS, JAMES WEITE, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Food Supply Of Daytona Beach SOUTH DAYTONA, FL | Food & beverage | $417,007 |
| Sysco Jacksonville JACKSONVILLE, FL | Food & beverage | $208,500 |
| Southern Glazer'S Of Florida MIRAMAR, FL | Food & beverage | $173,948 |
| Republic National Distributing Co TAMPA, FL | Food & beverage | $118,428 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES | $3,287,504 |
| ASSESSMENT INCOME | $1,127,844 |
| TOURNAMENT INCOME | $330,231 |
| MEMBER CART RENTALS | $289,531 |
| GUEST GREENS FEES | $183,249 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.8M
▼ $645K paid down
Net land, buildings & equipment
$8.5M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $434,955 |
| Depreciation & depletion | $938,637 |
| Advertising & promotion | $37,576 |
| Office expenses | $32,774 |
| Legal fees | $5,336 |
| Accounting fees | $17,500 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
OCEANSIDE GOLF AND COUNTRY CLUB, INC. SAVINGS PLAN
pension · 84 participants · $1.9M assets · FY2024
OFounded in 1989, Oceanside Golf & Country Club Inc reported $7.73M of revenue for FY23, at an operating margin of 6.5%. Revenue moved up 19.1% 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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