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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

ISLA501(c)(7) · MEDIUMNAICS 713910EIN 59-2640521

Island Country Club Inc

Marco Island, FL · founded 1987

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$12.26M

▲ 37.1% YoY

FY23 Total Expenses

$14.39M

▲ 37.6% YoY

Operating Margin

-17.4%

revenue minus expenses ÷ revenue

Employees

179

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$12.3M

▲ 38.7% / 5y

Expenses

$14.4M

▲ 57.6% / 5y

Total Assets

$45.0M

▲ 99.6% / 5y

Total Liabilities

$17.2M

▲ 236.3% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.8M	$7.8M	$7.8M	$8.9M	$12.3M	+38.7%
Expenses	$9.1M	$9.2M	$9.2M	$10.5M	$14.4M	+57.6%
Net surplus	-$290K	-$1.4M	-$1.4M	-$1.5M	-$2.1M	+633.9%
Total assets	$22.6M	$29.2M	$29.2M	$38.9M	$45.0M	+99.6%
Total liabilities	$5.1M	$3.9M	$3.9M	$12.3M	$17.2M	+236.3%
Net assets	$17.4M	$25.3M	$25.3M	$26.6M	$27.8M	+59.5%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
BID BAKKAR General Manager· 40h/wk	$307,032	$31,709
MICHAEL SLACK Golf Course Superintendent· 40h/wk	$181,905	$26,300
ANNETTE SCUTERI Controller· 40h/wk	$164,074	$28,302
NINA LANE FITNESS DIRECTOR· 40h/wk	$111,658	$18,679
LOREN COGSWELL Executive Chef· 40h/wk	$102,303	$29,855

+ 9 unpaid officers/directors as reported (DONNA GLANZMAN, GERARD SHANNON, HARRY RUBASH, +6 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	$6,734,711
HURRICANE IAN ASSESSMENTS	$2,209,400
GREENS AND CART RENTAL FEES	$1,028,751
JOINING FEES	$506,000
TENNIS AND FITNESS REVENUES	$91,250

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$30.8M

book value, net of depreciation

Facility age

30%

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	$1,001,420
Depreciation & depletion	$2,167,121
Legal fees	$158,417

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

ISLAND COUNTRY CLUB 401(K) RETIREMENT PLAN

pension · 95 participants · $3.7M 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 Marco Island, FL	$41K	7	Oct 2025 → May 2026
Waiters and Waitresses Marco Island, FL	$41K	10	Oct 2025 → May 2026
Bartenders Marco Island, FL	$40K	2	Oct 2025 → May 2026
Dining Room and Cafeteria Attendants and Bartender Helpers Marco Island, FL	$32K	2	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 →

IFounded in 1987, Island Country Club Inc reported $12.26M of revenue for FY23, at an operating margin of -17.4%. Revenue moved up 37.1% 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 Wed May 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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