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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BROC501(c)(7) · CONFIRMEDNAICS 713910EIN 59-1101673

Boca Rio Golf Club Inc

Boca Raton, FL · founded 1967

13 filings on recordFY 2011–2023high confidence

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FY23 Total Revenue

$10.24M

▲ 14.7% YoY

FY23 Total Expenses

$11.16M

▲ 12.4% YoY

Operating Margin

-9.0%

revenue minus expenses ÷ revenue

Employees

144

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.2M

▲ 43.6% / 5y

Expenses

$11.2M

▲ 31.1% / 5y

Total Assets

$27.8M

▲ 53.8% / 5y

Total Liabilities

$12.2M

▲ 20.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.1M	$7.7M	$8.9M	$8.9M	$10.2M	+43.6%
Expenses	$8.5M	$8.5M	$9.9M	$9.9M	$11.2M	+31.1%
Net surplus	-$1.4M	-$701K	-$1.0M	-$1.0M	-$923K	-33.4%
Total assets	$18.1M	$18.5M	$25.4M	$25.4M	$27.8M	+53.8%
Total liabilities	$10.1M	$10.3M	$14.3M	$14.3M	$12.2M	+20.6%
Net assets	$7.9M	$8.2M	$11.0M	$11.0M	$15.6M	+96.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
LUCIANO FARIAS GENERAL MANA· 40h/wk	$436,500	—
TIM LAMPTON GOLF COURSE· 40h/wk	$261,666	—
SCOTT KEANE EXECUTIVE CH· 40h/wk	$239,740	—
SUSAN SODE Controller· 40h/wk	$191,000	—

+ 12 unpaid officers/directors as reported (DAVID ABRAMSON, DAVID FRIEDMAN, DENNIS GILBERT, +9 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
MEMBERSHIP DUES	$6,873,924
SERVICE CHARGES	$720,616
GREENS FEES	$368,610
TOURNAMENT FEES	$339,100
GOLF CART RENTAL	$294,288

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$14.6M

book value, net of depreciation

Facility age

40%

accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$315,077
Depreciation & depletion	$1,142,632
Advertising & promotion	$5,300
Office expenses	$61,379
Accounting fees	$20,950

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

BOCA RIO GOLF CLUB, INC. 401(K) PLAN

pension · 47 participants · $3.2M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Bartenders Boca Raton, FL	$39K	6	Oct 2025 → May 2026
Waiters and Waitresses Boca Raton, FL	$37K	18	Oct 2025 → May 2026
Landscaping and Groundskeeping Workers Boca Raton, FL	$37K	4	Oct 2025 → May 2026
Cooks, Restaurant Boca Raton, FL	$36K	6	Oct 2025 → May 2026
Amusement and Recreation Attendants Boca Raton, FL	$30K	12	Oct 2025 → May 2026

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

BFounded in 1967, Boca Rio Golf Club Inc reported $10.24M of revenue for FY23, at an operating margin of -9.0%. Revenue moved up 14.7% 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.

Source documents

▸ Form 990, FY2023 · period ending Thu Aug 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Wed Aug 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Tue Aug 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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