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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BPBA501(c)(7) · MEDIUMNAICS 713910EIN 59-1411717

Banyan Golf Club Of Palm Beach Inc

West Palm Bch, FL · founded 1974

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$8.21M

▲ 16.1% YoY

FY23 Total Expenses

$8.90M

▲ 13.1% YoY

Operating Margin

-8.3%

revenue minus expenses ÷ revenue

Employees

102

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$8.2M

▲ 55.3% / 5y

Expenses

$8.9M

▲ 39.9% / 5y

Total Assets

$18.9M

▲ 96.2% / 5y

Total Liabilities

$10.6M

▲ 67.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$5.3M	$5.7M	$6.0M	$7.1M	$8.2M	+55.3%
Expenses	$6.4M	$6.8M	$7.0M	$7.9M	$8.9M	+39.9%
Net surplus	-$1.1M	-$1.0M	-$968K	-$795K	-$684K	-36.2%
Total assets	$9.6M	$9.9M	$11.2M	$12.6M	$18.9M	+96.2%
Total liabilities	$6.3M	$6.1M	$6.7M	$6.8M	$10.6M	+67.8%
Net assets	$3.3M	$3.8M	$4.5M	$5.8M	$8.3M	+150.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
CINDY J LOWDERMILK General Manager· 40h/wk	$326,797	$8,897
NATHAN WALLACE Golf Course Superintendent· 40h/wk	$250,148	$1,764
DAVID F EBY Director of Golf· 40h/wk	$240,781	$19,355
DENISE CONNELL Membership Director· 40h/wk	$192,414	$10,529
OZMAR VASQUEZ Executive Chef· 40h/wk	$112,806	$2,406

+ 14 unpaid officers/directors as reported (BARRY SYLVETSKY, BILL SWARTZ, ELLEN HARRIS, +11 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
MEMBER DUES & ASSMTS	$6,059,599
CART RENTALS	$736,595
GREENS FEES	$301,196
BAG STORAGE FEES	$103,000
LOCKER RENTALS	$98,990

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$5.4M

▲ $3.4M new borrowing

Net land, buildings & equipment

$8.0M

book value, net of depreciation

Facility age

63%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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

Depreciation & depletion

$1,022,591

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

BANYAN GOLF CLUB OF PALM BEACH INC 401K PLAN

pension · 42 participants · $2.4M 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
Cooks, Restaurant West Palm Beach, FL	$37K	4	Oct 2025 → May 2026
Waiters and Waitresses West Palm Beach, FL	$37K	10	Oct 2025 → May 2026
Amusement and Recreation Attendants West Palm Beach, FL	$35K	4	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 1974, Banyan Golf Club Of Palm Beach Inc reported $8.21M of revenue for FY23, at an operating margin of -8.3%. Revenue moved up 16.1% 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

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

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

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

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