RIDG501(c)(7) · MEDIUMNAICS 713910EIN 74-1049861
Ridgewood Country Club
Waco, TX · founded 1951
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.16M
▲ 15.3% YoY
FY23 Total Expenses
$9.19M
▲ 2.7% YoY
Operating Margin
17.7%
revenue minus expenses ÷ revenue
Employees
210
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.2M
▲ 28.8% / 5y
Expenses
$9.2M
▲ 6.5% / 5y
Total Assets
$16.8M
▲ 62.9% / 5y
Total Liabilities
$8.2M
▲ 70.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.7M | $9.2M | $9.2M | $9.7M | $11.2M | +28.8% |
| Expenses | $8.6M | $9.0M | $9.0M | $8.9M | $9.2M | +6.5% |
| Net surplus | $33K | $129K | $129K | $730K | $2.0M | +5896.3% |
| Total assets | $10.3M | $10.1M | $10.1M | $11.6M | $16.8M | +62.9% |
| Total liabilities | $4.8M | $4.3M | $4.3M | $5.0M | $8.2M | +70.1% |
| Net assets | $5.5M | $5.8M | $5.8M | $6.6M | $8.6M | +56.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
WILLIAM HORTON General Manager· 50h/wk | $302,544 | $21,375 |
JON SNIDER Golf Course Superintendent· 45h/wk | $187,180 | $8,113 |
JAMES CUNNINGHAM Head Golf Professional· 50h/wk | $166,411 | $23,351 |
MICHAEL COWAN Controller· 45h/wk | $162,872 | $22,604 |
TARA TURNER ASST MANAGER - SALES· 45h/wk | $158,927 | $15,577 |
JULIEN CURATELLA Head Tennis Professional· 45h/wk | $155,052 | $10,444 |
DAVID HILL FITNESS DIRECTOR· 45h/wk | $126,374 | $15,466 |
+ 27 unpaid officers/directors as reported (AIMEE WOOD APRIL - DECEMBER, ANDY MCSWAIN APRIL - DECEMBER, ANDY MCSWAIN JANUARY - MARCH, +24 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Fleetwood Services DALLAS, TX | Construction & renovation | $2,339,930 |
| Tripp Davis And Associates NORMAN, OK | Course architecture | $497,411 |
| United Healthcare Insurance Company PALATINE, IL | HEALTH INS PREMIUMS | $326,751 |
| Mogotes Concrete Inc FOREST HILL, TX | Construction & renovation | $199,276 |
| Centech Security Audio & Video MCGREGOR, TX | Construction & renovation | $121,145 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| SWIMMING/TENNIS/FITNESS FEES | $421,063 |
| CLUB STORAGE/LOCKER RENT | $87,838 |
| GOLF CART RENTAL/GREEN FEES | $45,888 |
| LATE FEES/ADJUSTMENTS | $38,940 |
| REBATES/REIMBURSEMENTS | $3,663 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.3M
▲ $2.8M new borrowing
Net land, buildings & equipment
$12.9M
book value, net of depreciation
Facility age
58%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $324,047 |
| Occupancy | $1,193,865 |
| Depreciation & depletion | $1,057,126 |
| Office expenses | $385,555 |
| Legal fees | $5,815 |
| Accounting fees | $27,125 |
| Other professional fees | $153,911 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
RIDGEWOOD COUNTRY CLUB, INC. RETIREMENT PLAN & TRUST
pension · 59 participants · FY2024
RFounded in 1951, Ridgewood Country Club reported $11.16M of revenue for FY23, at an operating margin of 17.7%. Revenue moved up 15.3% 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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