SPAI501(c)(7) · MEDIUMNAICS 713910EIN 59-2034384
Sailfish Point Golf Club
Stuart, FL · founded 1981
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.78M
▲ 18.5% YoY
FY23 Total Expenses
$5.81M
▲ 16.6% YoY
Operating Margin
-21.7%
revenue minus expenses ÷ revenue
Employees
42
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.8M
▲ 4.4% / 5y
Expenses
$5.8M
▲ 25.3% / 5y
Total Assets
$17.1M
▲ 81.0% / 5y
Total Liabilities
$4.8M
▲ 898.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $2.2M | $2.2M | $4.0M | $4.8M | +4.4% |
| Expenses | $4.6M | $4.3M | $4.3M | $5.0M | $5.8M | +25.3% |
| Net surplus | -$65K | -$2.0M | -$2.0M | -$956K | -$1.0M | +1506.0% |
| Total assets | $9.5M | $11.2M | $11.2M | $16.1M | $17.1M | +81.0% |
| Total liabilities | $479K | $3.3M | $3.3M | $6.0M | $4.8M | +898.0% |
| Net assets | $9.0M | $8.0M | $8.0M | $10.2M | $12.4M | +37.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
VICTOR TORTORICI Director of Golf· 40h/wk | $253,381 | $34,318 |
VINCENT SCOTT MCPHEE DIRECTOR OF GOLF COURSE OPERATIONS· 40h/wk | $199,402 | $37,312 |
+ 11 unpaid officers/directors as reported (ANN LOUISE PRICE, DANIEL DREISBACH, DAVE SAPONARO, +8 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 | $3,523,163 |
| CART RENT/TRAIL FEES | $322,760 |
| GREENS FEES | $286,351 |
| TOURNAMENT FEES | $265,357 |
| LESSON INCOME | $73,546 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$13.4M
book value, net of depreciation
Facility age
32%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $152,475 |
| Depreciation & depletion | $926,628 |
SFounded in 1981, Sailfish Point Golf Club reported $4.78M of revenue for FY23, at an operating margin of -21.7%. Revenue moved up 18.5% 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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