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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

MNOO501(c)(7) · MEDIUMNAICS 713910EIN 59-1221044

The Moorings Country Club Of Naples Inc

Naples, FL · founded 1979

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$3.97M

▼ 6.9% YoY

FY23 Total Expenses

$3.22M

▼ 17.1% YoY

Operating Margin

18.8%

revenue minus expenses ÷ revenue

Employees

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$4.0M

▲ 30.9% / 5y

Expenses

$3.2M

▼ 5.4% / 5y

Total Assets

$9.9M

▲ 185.5% / 5y

Total Liabilities

$1.4M

▲ 250.7% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.0M	$3.3M	$3.3M	$4.3M	$4.0M	+30.9%
Expenses	$3.4M	$3.3M	$3.3M	$3.9M	$3.2M	-5.4%
Net surplus	-$373K	-$21K	-$21K	$376K	$746K	-300.1%
Total assets	$3.5M	$4.0M	$4.0M	$7.4M	$9.9M	+185.5%
Total liabilities	$395K	$791K	$791K	$1.8M	$1.4M	+250.7%
Net assets	$3.1M	$3.2M	$3.2M	$5.6M	$8.5M	+177.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MATTHEW TORNOW GENERAL MANAGER/COO· 40h/wk	$143,703	—
MARY MAURAIS Controller· 40h/wk	$114,111	—

+ 9 unpaid officers/directors as reported (CHERYL TURNER, DORIAN JORDAN, JAMES KLINE, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Club Design Group MURDOCK, FL	DESIGNER & FURNISHINGS	$588,412
Edward Don & Company NORCROSS, GA	Food & beverage	$146,678

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$2,955,883
CART, GREENS AND OTHER GOLF	$548,951
FOOD AND BEVERAGE GRATUITY/SERVIC	$177,272
ANNUAL GOLF FEES	$5,000

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$2.4M

book value, net of depreciation

Facility age

75%

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	$181,730
Depreciation & depletion	$497,628
Information technology	$16,580
Advertising & promotion	$23,737
Office expenses	$15,244
Legal fees	$4,950
Accounting fees	$28,255

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

MOORINGS COUNTRY CLUB 401(K) PLAN

pension · 26 participants · 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.

TFounded in 1979, The Moorings Country Club Of Naples Inc reported $3.97M of revenue for FY23, at an operating margin of 18.8%. Revenue moved down 6.9% 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 Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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