ATLA501(c)(7) · MEDIUMNAICS 713910EIN 59-1361946
Atlantis Golf Club Inc
Atlantis, FL · founded 1974
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.51M
▲ 11.9% YoY
FY23 Total Expenses
$5.46M
▲ 11.5% YoY
Operating Margin
-21.0%
revenue minus expenses ÷ revenue
Employees
111
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 9.6% / 5y
Expenses
$5.5M
▲ 16.9% / 5y
Total Assets
$12.6M
▲ 106.0% / 5y
Total Liabilities
$6.5M
▲ 224.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.1M | $4.1M | $3.2M | $4.0M | $4.5M | +9.6% |
| Expenses | $4.7M | $4.5M | $4.0M | $4.9M | $5.5M | +16.9% |
| Net surplus | -$552K | -$421K | -$775K | -$863K | -$949K | +71.8% |
| Total assets | $6.1M | $6.6M | $10.9M | $11.9M | $12.6M | +106.0% |
| Total liabilities | $2.0M | $1.9M | $6.3M | $6.5M | $6.5M | +224.8% |
| Net assets | $4.1M | $4.7M | $4.6M | $5.4M | $6.1M | +48.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL DOLAN Membership Director· 40h/wk | $194,235 | $11,700 |
LEO MCMAHON General Manager· 40h/wk | $176,477 | $5,206 |
TAYLOR GRIFFIN DIRECTOR OF MAINTENANCE· 40h/wk | $112,740 | $186 |
+ 9 unpaid officers/directors as reported (CINDY CRAWFORD, FRED GRUEL, GEORGE LIEGEL, +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 |
|---|---|
| MEMBERSHIP DUES AND FEES | $3,325,600 |
| TRAIL FEES AND CART FEES | $617,096 |
| GUEST FEES | $563,306 |
| OTHER GOLF REVENUE | $41,337 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.1M
▼ $720K paid down
Net land, buildings & equipment
$7.9M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $307,030 |
| Depreciation & depletion | $833,140 |
| Advertising & promotion | $27,954 |
| Legal fees | $56,062 |
| Accounting fees | $25,440 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ATLANTIS GOLF CLUB, INC. 401(K) PROFIT SHARING PLAN
pension · 68 participants · $1.1M assets · FY2024
AFounded in 1974, Atlantis Golf Club Inc reported $4.51M of revenue for FY23, at an operating margin of -21.0%. Revenue moved up 11.9% 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
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