SATS501(c)(7) · MEDIUMNAICS 713910EIN 59-2000688
St Andrews Country Club Inc
Boca Raton, FL · founded 1992
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$30.50M
▲ 2.8% YoY
FY22 Total Expenses
$38.28M
▲ 8.1% YoY
Operating Margin
-25.5%
revenue minus expenses ÷ revenue
Employees
571
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$30.5M
▲ 8.0% / 5y
Expenses
$38.3M
▲ 17.1% / 5y
Total Assets
$73.3M
▼ 3.7% / 5y
Total Liabilities
$29.8M
▼ 26.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $28.2M | $28.5M | $28.4M | $29.7M | $30.5M | +8.0% |
| Expenses | $32.7M | $38.2M | $35.0M | $35.4M | $38.3M | +17.1% |
| Net surplus | -$4.4M | -$9.7M | -$6.6M | -$5.7M | -$7.8M | +75.1% |
| Total assets | $76.1M | $69.2M | $67.6M | $74.9M | $73.3M | -3.7% |
| Total liabilities | $40.5M | $38.4M | $35.8M | $34.6M | $29.8M | -26.5% |
| Net assets | $35.6M | $30.8M | $31.8M | $40.3M | $43.5M | +22.2% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
AARON KRICKSTEIN Director of Racquets· 50h/wk | $447,697 | $48,972 |
RICCARDO DENTE General Manager· 50h/wk | $360,775 | $12,350 |
PATRICIA SORENSEN Chief Financial Officer· 50h/wk | $330,599 | $55,388 |
JOSEPH RAMSEY DIRECTOR OF GOLF COURSE MAINTENANCE· 50h/wk | $277,611 | $34,175 |
PAUL CLIVIO Head Golf Professional· 50h/wk | $256,519 | $48,669 |
MARC RAY CHIEF OPERATING OFFICER/GM· 50h/wk | $247,476 | $22,406 |
FEDERICA DAVIS Assistant General Manager· 50h/wk | $242,010 | $73,295 |
CHANTAL REZNIK HUMAN RESOURCE DIRECTOR· 50h/wk | $193,860 | $59,805 |
DAWN MACLELLAN DIRECTOR OF WELLNESS· 50h/wk | $161,173 | $30,146 |
+ 11 unpaid officers/directors as reported (BARRY SWIDLER, ERIC PRESS, LISA PALUMBO, +8 more)
Top contractors
FY22 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Baires Valet Parking Inc BOCA RATON, FL | Security & staffing | $782,581 |
| Five Star Fitness Inc PARKLAND, FL | FITNESS TRAINING | $138,422 |
| One On One Fitness Inc BOCA RATON, FL | FITNESS TRAINING | $105,806 |
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $20,378,879 |
| SERVICE CHARGES | $3,192,915 |
| SPA AND FITNESS SERVICES | $2,976,856 |
| GOLF ACTIVITIES | $2,415,144 |
| TENNIS | $787,951 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$21.4M
▼ $3.1M paid down
Net land, buildings & equipment
$47.4M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $706,095 |
| Depreciation & depletion | $5,367,008 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ST. ANDREWS COUNTRY CLUB, INC. HEALTH AND WELFARE PLAN
welfare · 226 participants · FY2024
SFounded in 1992, St Andrews Country Club Inc reported $30.50M of revenue for FY22, at an operating margin of -25.5%. Revenue moved up 2.8% 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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