ROOY501(c)(7) · MEDIUMNAICS 713910EIN 75-1291969
Royal Oaks Country Club Inc
Dallas, TX
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$23.27M
▲ 4.0% YoY
FY23 Total Expenses
$21.85M
▼ 1.5% YoY
Operating Margin
6.1%
revenue minus expenses ÷ revenue
Employees
387
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$23.3M
▲ 33.4% / 5y
Expenses
$21.8M
▲ 18.2% / 5y
Total Assets
$38.4M
▲ 30.5% / 5y
Total Liabilities
$29.3M
▲ 183.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $17.4M | $18.7M | $18.7M | $22.4M | $23.3M | +33.4% |
| Expenses | $18.5M | $18.6M | $18.6M | $22.2M | $21.8M | +18.2% |
| Net surplus | -$1.0M | $100K | $100K | $194K | $1.4M | -236.5% |
| Total assets | $29.4M | $36.8M | $36.8M | $38.8M | $38.4M | +30.5% |
| Total liabilities | $10.3M | $29.3M | $29.3M | $30.9M | $29.3M | +183.9% |
| Net assets | $19.1M | $7.5M | $7.5M | $7.9M | $9.1M | -52.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Jarrett Chirico Director of Raquets· 40h/wk | $593,494 | — |
J Todd Harbour General Manager & COO· 40h/wk | $421,233 | — |
Kristofer Davis Director of Agronomy· 40h/wk | $331,018 | — |
Dean Larsson Head Golf Professional· 40h/wk | $301,451 | — |
James Bregard Controller & Treasurer· 40h/wk | $240,818 | — |
Chris Molina Head Tennis Professional· 40h/wk | $214,485 | — |
Anna Anderson Head Tennis Professional· 40h/wk | $200,529 | — |
Rafael Fernandez Executive Chef· 40h/wk | $194,269 | — |
Bruce Adamson Assistant General Manager· 40h/wk | $168,041 | — |
Felipe Soares Head Tennis Professional· 40h/wk | $154,284 | — |
Nikole Berry Membership Director· 40h/wk | $146,495 | — |
Avelardo Hernandez Head Golf Professional· 40h/wk | $142,615 | — |
David Dienes Board President· 1h/wk | $10,686 | — |
+ 9 unpaid officers/directors as reported (Andy Kerner, David Cheetman, Eric Olivo, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Teamwork FR LLC | Labor | $356,413 |
| Randy Smith Golf Instruction LLC | Management services | $202,175 |
| Personal Touch Staffing | Labor | $126,418 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| GOLF, FOOD, BEVERAGE | $5,658,936 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$0
unchanged YoY
Net land, buildings & equipment
$23.1M
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$0
end of year
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $1,331,726 |
| Occupancy | $0 |
| Depreciation & depletion | $2,833,184 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $49,855 |
| Other professional fees | $0 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ROYAL OAKS COUNTRY CLUB, INC HEALTH BENEFIT PLAN
welfare · 147 participants · FY2024
ROYAL OAKS COUNTRY CLUB 401(K) SAVINGS PLAN
pension · 190 participants · FY2024
| Service provider | Paid |
|---|---|
| Fisher Asset Management | $17,742 |
| Fidelity Investments Institutional | $9,011 |
RRoyal Oaks Country Club Inc reported $23.27M of revenue for FY23, at an operating margin of 6.1%. Revenue moved up 4.0% 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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