ROIV501(c)(7) · MEDIUMNAICS 713910EIN 74-0865200
River Oaks Country Club
Houston, TX · founded 1938
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$30.90M
▲ 4.9% YoY
FY22 Total Expenses
$35.68M
▲ 14.0% YoY
Operating Margin
-15.5%
revenue minus expenses ÷ revenue
Employees
566
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$30.9M
▼ 8.4% / 5y
Expenses
$35.7M
▲ 10.3% / 5y
Total Assets
$94.4M
▲ 48.4% / 5y
Total Liabilities
$30.8M
▲ 119.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $33.7M | $29.4M | $29.5M | $29.5M | $30.9M | -8.4% |
| Expenses | $32.3M | $32.6M | $31.3M | $31.3M | $35.7M | +10.3% |
| Net surplus | $1.4M | -$3.1M | -$1.8M | -$1.8M | -$4.8M | -444.5% |
| Total assets | $63.6M | $76.8M | $73.6M | $73.6M | $94.4M | +48.4% |
| Total liabilities | $14.0M | $17.8M | $11.8M | $11.8M | $30.8M | +119.4% |
| Net assets | $49.6M | $59.0M | $61.8M | $61.8M | $63.6M | +28.2% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MATTHEW SWARTS Director of Golf· 50h/wk | $593,245 | $42,911 |
CJ BENDY JR COO/GENERAL MANAGER· 60h/wk | $538,925 | $62,911 |
CHARLES M CARROLL Executive Chef· 50h/wk | $341,317 | $59,427 |
CHRISTOPHER GALE Director of Racquets· 50h/wk | $289,188 | $36,405 |
MORRIS JOHNSON FORMER GOLF COURSE SUPERINTENDENT· 0h/wk | $232,655 | — |
BENJAMIN W PECK Chief Financial Officer· 50h/wk | $212,351 | $32,848 |
DAVID ROBERTSON Golf Course Superintendent· 50h/wk | $150,173 | $12,405 |
+ 13 unpaid officers/directors as reported (ANDY GRISEBAUM, BILL PUGH, CYNTHIA ADKINS, +10 more)
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES & ASSESSMENTS | $13,363,491 |
| TENNIS, SWIMMING AND GOLF | $3,985,042 |
| FITNESS/LOCKER ROOM | $1,984,599 |
| MISCELLANEOUS INCOME | $298,477 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$16.0M
end of year
Net land, buildings & equipment
$84.3M
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $680,318 |
| Occupancy | $1,672,659 |
| Depreciation & depletion | $5,783,029 |
| Information technology | $295,841 |
| Advertising & promotion | $9,526 |
| Office expenses | $1,457,817 |
| Other professional fees | $469,584 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
RIVER OAKS COUNTRY CLUB 401(K) RETIREMENT PLAN
pension · 418 participants · FY2024
RIVER OAKS COUNTRY CLUB WELFARE BENEFIT PLAN MEDICAL
welfare · 279 participants · FY2024
| Service provider | Paid |
|---|---|
| Cambridge Investment Research | $37,061 |
| Fidelity Investments Institutional | $34,952 |
RFounded in 1938, River Oaks Country Club reported $30.90M of revenue for FY22, at an operating margin of -15.5%. Revenue moved up 4.9% 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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