INTE501(c)(7) · MEDIUMNAICS 713910EIN 59-2256487
Interlachen Country Club Inc
Winter Park, FL · founded 1984
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$14.59M
▲ 6.6% YoY
FY23 Total Expenses
$15.95M
▲ 6.4% YoY
Operating Margin
-9.3%
revenue minus expenses ÷ revenue
Employees
317
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$14.6M
▲ 31.7% / 5y
Expenses
$15.9M
▲ 25.5% / 5y
Total Assets
$25.8M
▼ 5.7% / 5y
Total Liabilities
$8.2M
▼ 41.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $11.1M | $12.9M | $12.9M | $13.7M | $14.6M | +31.7% |
| Expenses | $12.7M | $13.3M | $13.3M | $15.0M | $15.9M | +25.5% |
| Net surplus | -$1.6M | -$398K | -$398K | -$1.3M | -$1.4M | -16.8% |
| Total assets | $27.4M | $29.9M | $29.9M | $30.1M | $25.8M | -5.7% |
| Total liabilities | $13.9M | $13.5M | $13.5M | $13.1M | $8.2M | -41.0% |
| Net assets | $13.5M | $16.5M | $16.5M | $17.0M | $17.6M | +30.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BARRY HERMAN General Manager· 45h/wk | $553,085 | $45,379 |
JEREMY JACK Director of Racquets· 40h/wk | $341,194 | $37,584 |
MICHAEL JAY KENNEDY Head Golf Professional· 40h/wk | $187,317 | $22,271 |
WENDY THOMAS Director of Finance· 45h/wk | $157,337 | $25,953 |
BRYCE GIBSON GOLF SUPERINTENDENT· 40h/wk | $156,948 | $20,260 |
BRENDAN CLARK ASSTISTANT GENERAL MANAGER· 45h/wk | $146,575 | $24,895 |
ROBERT VERZAAL Head Tennis Professional· 40h/wk | $126,005 | $11,795 |
+ 11 unpaid officers/directors as reported (ANNE KELLEY, CHRIS GARDNER, HERBERT MILNER, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Humana Medical Plan Inc LOUISVILLE, KY | Professional services | $638,162 |
| Duke Energy LONGWOOD, FL | ELECTRICAL SERVICES | $391,339 |
| Peter Built Fence SUMMERFIELD, FL | Construction & renovation | $390,900 |
| Hub International WINTER PARK, FL | Professional services | $308,002 |
| Fisher Koppenhafer Pa JACKSONVILLE, FL | Course architecture | $247,033 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES | $9,781,955 |
| GOLF & RELATED | $1,162,046 |
| TENNIS FEES | $863,597 |
| TOURNAMENTS | $230,730 |
| FITNESS & SWIMMING | $126,591 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$121K
▼ $5.3M paid down
Net land, buildings & equipment
$14.0M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $312,213 |
| Depreciation & depletion | $1,350,665 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
INTERLACHEN COUNTRY CLUB, INC. 401(K) PLAN
pension · 138 participants · $5.2M assets · FY2024
INTERLACHEN COUNTRY CLUB, INC. EMPLOYEE BENEFITS PLAN
welfare · 109 participants · FY2024
IFounded in 1984, Interlachen Country Club Inc reported $14.59M of revenue for FY23, at an operating margin of -9.3%. Revenue moved up 6.6% 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
The Quarterly · free
Get Interlachen Country Club Inc’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
BTURBurning Tree Country Club Inc
Revenue $14.6M — near your $14.6M
$14.6Mcompare →
OFLYOlympia Fields Country Club
Revenue $14.6M — near your $14.6M
$14.6Mcompare →
LJALLa Jolla Country Club Inc
Revenue $14.5M — near your $14.6M
$14.5Mcompare →
Same state · FL
ABTLAtlantic Beach Country Club Inc
FL club · $14.7M
$14.7Mcompare →
DAELDel Aire Country Club Inc
FL club · $14.7M
$14.7Mcompare →
QCUAQuail Creek Country Club Inc
FL club · $15.1M
$15.1Mcompare →
Similar revenue mix
DUNWDunwoody Country Club Inc
100% similar revenue mix
$15.5Mcompare →
SJANSan Jose Country Club
100% similar revenue mix
$11.0Mcompare →
BETHBethesda Country Club Inc
100% similar revenue mix
$17.9Mcompare →
Similar payroll intensity
WORLWorland Country Club
Payroll intensity 66.2% · near your 66.3%
$218Kcompare →
RBIVRiver Bend Golf & Country Club Inc
Payroll intensity 66.1% · near your 66.3%
$13.6Mcompare →
WAVEWaverley Country Club
Payroll intensity 66.8% · near your 66.3%
$10.3Mcompare →