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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

ADIO501(c)(7) · MEDIUMNAICS 713910EIN 59-2195728

Adios Golf Club Inc

Coconut Creek, FL · founded 1983

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$12.04M

▲ 24.8% YoY

FY23 Total Expenses

$10.77M

▲ 19.5% YoY

Operating Margin

10.6%

revenue minus expenses ÷ revenue

Employees

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$12.0M

▲ 55.9% / 5y

Expenses

$10.8M

▲ 54.1% / 5y

Total Assets

$18.4M

▲ 22.9% / 5y

Total Liabilities

$6.5M

▲ 35.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.7M	$8.4M	$8.4M	$9.6M	$12.0M	+55.9%
Expenses	$7.0M	$8.2M	$8.2M	$9.0M	$10.8M	+54.1%
Net surplus	$740K	$230K	$230K	$635K	$1.3M	+72.2%
Total assets	$15.0M	$15.8M	$15.8M	$16.2M	$18.4M	+22.9%
Total liabilities	$4.8M	$5.6M	$5.6M	$5.7M	$6.5M	+35.6%
Net assets	$10.2M	$10.2M	$10.2M	$10.6M	$11.9M	+17.0%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
GLENN LEE GM/COO· 40h/wk	$340,708	—
STEVE BERNARD DIRECTOR OF MAINTENANCE· 40h/wk	$291,571	—
JARED ISAACS GOLF INSTRUCTOR· 40h/wk	$208,770	—
BRIAN HARRIS Food & Beverage Director· 40h/wk	$166,319	—
SHAWN GIFFORD Director of Golf· 40h/wk	$161,599	—
CYNTHIA R WHITNEY CFO/HR DIRECTOR· 40h/wk	$149,839	—

+ 4 unpaid officers/directors as reported (CHRIS GEORGOULIS, PATRICK MARINO, SANDY PETROCELLI JR, +1 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
DUES AND INITIATION FEES	$8,714,895
GREENS FEES	$1,004,235
OTHER GOLF ACTIVITIES	$828,637
CART RENTAL	$525,875

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$7.8M

book value, net of depreciation

Facility age

74%

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	$387,593
Occupancy	$100,210
Depreciation & depletion	$1,499,513
Office expenses	$117,069
Legal fees	$4,773
Accounting fees	$27,500
Other professional fees	$102,835

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

ADIOS GOLF CLUB 401(K) PLAN

pension · 54 participants · $2.8M 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.

AFounded in 1983, Adios Golf Club Inc reported $12.04M of revenue for FY23, at an operating margin of 10.6%. Revenue moved up 24.8% 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

▸ 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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