HRAR501(c)(7) · MEDIUMNAICS 713910EIN 65-0129568
Harbour Ridge Country Club
Palm City, FL · founded 1996
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$16.53M
▲ 24.0% YoY
FY23 Total Expenses
$19.31M
▲ 11.6% YoY
Operating Margin
-16.8%
revenue minus expenses ÷ revenue
Employees
301
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$16.5M
▲ 42.1% / 5y
Expenses
$19.3M
▲ 34.3% / 5y
Total Assets
$52.2M
▲ 5.0% / 5y
Total Liabilities
$15.5M
▲ 24.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $11.6M | $11.6M | $11.6M | $13.3M | $16.5M | +42.1% |
| Expenses | $14.4M | $14.5M | $14.5M | $17.3M | $19.3M | +34.3% |
| Net surplus | -$2.7M | -$2.9M | -$2.9M | -$4.0M | -$2.8M | +1.3% |
| Total assets | $49.7M | $48.7M | $48.7M | $49.7M | $52.2M | +5.0% |
| Total liabilities | $12.4M | $11.7M | $11.7M | $13.5M | $15.5M | +24.7% |
| Net assets | $37.3M | $37.0M | $37.0M | $36.2M | $36.7M | -1.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL SALERNO General Manager· 50h/wk | $454,068 | $38,627 |
TIM CANN DIRECTOR OF GOLF MAINTENANCE· 50h/wk | $253,494 | $4,516 |
JEFFREY S BELAU Chief Financial Officer· 50h/wk | $209,619 | $13,674 |
JOE BEEZUP Director of Golf· 50h/wk | $200,104 | $4,516 |
TERESA SALVAGGIO Food & Beverage Director· 50h/wk | $116,405 | $4,516 |
NIKI PLAITIS Human Resources Director· 50h/wk | $111,751 | $4,516 |
+ 14 unpaid officers/directors as reported (ANDREW TURLEY, ANDY HARRIS, CHARLES WHITE, +11 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Barnett Management - Ap Fbo Source Manag PHILADELPHIA, PA | Construction & renovation | $777,473 |
| Cliff Drysdale Management LLC SCOTTSDALE, AZ | Construction & renovation | $210,311 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $10,916,968 |
| TRAIL & LOCKER FEE | $919,859 |
| GOLF GUEST FEES | $454,582 |
| TENNIS FEES | $292,401 |
| TOURNAMENT FEES | $164,669 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$34.8M
book value, net of depreciation
Facility age
39%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $844,901 |
| Depreciation & depletion | $2,357,117 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
HARBOUR RIDGE YACHT & COUNTRY CLUB , INC. HEALTH AND WELFARE PLAN
welfare · 115 participants · FY2024
HARBOUR RIDGE 401(K) PLAN
pension · 189 participants · FY2024
| Service provider | Paid |
|---|---|
| Fidelity Investments Institutional | $22,316 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Bartenders Palm City, FL | $37K | 16 | Oct 2025 → May 2026 |
Food Preparation Workers Palm City, FL | $37K | 2 | Oct 2025 → May 2026 |
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop Palm City, FL | $37K | 1 | Oct 2025 → May 2026 |
Cooks, Restaurant Palm City, FL | $34K–$37K | 14 | Oct 2025 → May 2026 |
Pressers, Textile, Garment, and Related Materials Palm City, FL | $37K | 2 | Nov 2025 → May 2026 |
Laborers and Freight, Stock, and Material Movers, Hand Palm City, FL | $35K | 17 | Oct 2025 → May 2026 |
Waiters and Waitresses Palm City, FL | $35K | 4 | Oct 2025 → May 2026 |
Dining Room and Cafeteria Attendants and Bartender Helpers Palm City, FL | $33K | 1 | Oct 2025 → May 2026 |
Janitors and Cleaners, Except Maids and Housekeeping Cleaners Palm City, FL | $33K | 1 | Oct 2025 → May 2026 |
Dishwashers Palm City, FL | $33K | 5 | Oct 2025 → May 2026 |
HFounded in 1996, Harbour Ridge Country Club reported $16.53M of revenue for FY23, at an operating margin of -16.8%. Revenue moved up 24.0% 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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