MEDA501(c)(7) · MEDIUMNAICS 713910EIN 65-0530877
Medalist Golf Club Inc
Hobe Sound, FL · founded 1996
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.06M
▲ 19.0% YoY
FY23 Total Expenses
$7.54M
▲ 12.9% YoY
Operating Margin
-6.7%
revenue minus expenses ÷ revenue
Employees
74
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.1M
▲ 31.1% / 5y
Expenses
$7.5M
▲ 35.0% / 5y
Total Assets
$23.0M
▲ 21.4% / 5y
Total Liabilities
$2.8M
▲ 48.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.4M | $6.0M | $6.0M | $5.9M | $7.1M | +31.1% |
| Expenses | $5.6M | $6.0M | $6.0M | $6.7M | $7.5M | +35.0% |
| Net surplus | -$196K | -$70K | -$70K | -$741K | -$475K | +142.1% |
| Total assets | $18.9M | $21.3M | $21.3M | $22.1M | $23.0M | +21.4% |
| Total liabilities | $1.9M | $2.7M | $2.7M | $3.1M | $2.8M | +48.3% |
| Net assets | $17.0M | $18.6M | $18.6M | $19.0M | $20.1M | +18.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JASON L JOBSON SUPERINTENDE· 40h/wk | $381,670 | $20,278 |
CARY SCIORRA Head Golf Professional· 40h/wk | $318,265 | $21,491 |
RICK WESTGATE SECY, CLUB M· 10h/wk | $155,485 | — |
JILL BURNETT Chief Financial Officer· 40h/wk | $122,901 | $20,278 |
EDDIE CARBONE SECY,CLUB MA· 40h/wk | $28,248 | $175 |
+ 7 unpaid officers/directors as reported (AL PERKINS, ANDREW CAMPBELL, BILL GILBERT, +4 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 |
|---|---|
| GUEST FEES | $647,003 |
| CART RENTALS | $452,659 |
| GUEST FEES - GUEST SERVICES | $234,667 |
| TOURNAMENTS | $214,350 |
| CART RENTALS - GUEST SERVICES | $22,759 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$12.6M
book value, net of depreciation
Facility age
53%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $403,256 |
| Occupancy | $113,600 |
| Depreciation & depletion | $1,015,717 |
| Office expenses | $86,156 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MEDALIST GOLF CLUB, INC. 401(K) PROFIT SHARING PLAN AND TRUST
pension · 44 participants · FY2024
MFounded in 1996, Medalist Golf Club Inc reported $7.06M of revenue for FY23, at an operating margin of -6.7%. Revenue moved up 19.0% 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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