SERR501(c)(7) · MEDIUMNAICS 713910EIN 68-0369494
Serrano Country Club Inc
El Dorado Hls, CA · founded 2009
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.33M
▲ 9.0% YoY
FY23 Total Expenses
$11.62M
▲ 15.7% YoY
Operating Margin
-12.5%
revenue minus expenses ÷ revenue
Employees
207
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.3M
▲ 28.4% / 5y
Expenses
$11.6M
▲ 44.3% / 5y
Total Assets
$31.0M
▲ 77.8% / 5y
Total Liabilities
$8.4M
▲ 202.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.0M | $9.6M | $9.6M | $9.5M | $10.3M | +28.4% |
| Expenses | $8.1M | $8.9M | $8.9M | $10.0M | $11.6M | +44.3% |
| Net surplus | -$11K | $722K | $722K | -$564K | -$1.3M | +11572.2% |
| Total assets | $17.5M | $18.2M | $18.2M | $24.2M | $31.0M | +77.8% |
| Total liabilities | $2.8M | $2.2M | $2.2M | $8.6M | $8.4M | +202.5% |
| Net assets | $14.7M | $16.0M | $16.0M | $15.7M | $22.6M | +54.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOSH RUMSEY COO· 40h/wk | $396,420 | $23,491 |
MICHELLE DICKMAN FITNESS DIRECTOR· 40h/wk | $198,170 | $31,634 |
STEVEN FACKLER Golf Course Superintendent· 40h/wk | $129,645 | $15,742 |
JENNIFER GALLISATUS CATERING/EVENTS MGR· 40h/wk | $112,835 | $28,149 |
+ 9 unpaid officers/directors as reported (BOB MARSEILLES, DIANE ROSS, GREG DURANTE, +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 | $7,031,162 |
| GOLF AND OTHER | $1,048,013 |
| INITIATION FEES | $548,625 |
| CAPITAL DUES | $434,714 |
| LOCKER ROOM | $61,618 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.2M
▼ $582K paid down
Net land, buildings & equipment
$20.0M
book value, net of depreciation
Facility age
42%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$385K
end of year
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $986,322 |
| Depreciation & depletion | $933,864 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SERRANO COUNTRY CLUB 401K PLAN
pension · 79 participants · $3.3M assets · FY2024
SFounded in 2009, Serrano Country Club Inc reported $10.33M of revenue for FY23, at an operating margin of -12.5%. Revenue moved up 9.0% 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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