PINE501(c)(7) · MEDIUMNAICS 713910EIN 84-0488011
Pinehurst Country Club
Denver, CO · founded 2000
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.32M
▲ 3.9% YoY
FY23 Total Expenses
$8.27M
▲ 18.8% YoY
Operating Margin
0.6%
revenue minus expenses ÷ revenue
Employees
371
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.3M
▲ 29.7% / 5y
Expenses
$8.3M
▲ 36.4% / 5y
Total Assets
$25.2M
▲ 19.9% / 5y
Total Liabilities
$5.7M
▼ 3.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.4M | $7.4M | $7.4M | $8.0M | $8.3M | +29.7% |
| Expenses | $6.1M | $5.7M | $5.7M | $7.0M | $8.3M | +36.4% |
| Net surplus | $354K | $1.7M | $1.7M | $1.0M | $51K | -85.5% |
| Total assets | $21.0M | $23.8M | $23.8M | $24.9M | $25.2M | +19.9% |
| Total liabilities | $5.9M | $5.4M | $5.4M | $5.4M | $5.7M | -3.0% |
| Net assets | $15.1M | $18.4M | $18.4M | $19.4M | $19.5M | +28.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ALEXANDER RAIMONDI General Manager· 50h/wk | $215,385 | — |
IAN AYLER Director of Racquets· 50h/wk | $187,003 | $8,250 |
STEPHEN SARRO Golf Course Superintendent· 50h/wk | $172,736 | $14,195 |
KEVIN M VENA FORMER GENERAL MANAGER / COO· 50h/wk | $163,294 | $29,438 |
TIFFANY MESSER Membership Director· 50h/wk | $129,203 | $28,589 |
JERRI ANN CONLEY ASSISTANT CONTROLLER· 50h/wk | $111,382 | $11,628 |
ATAHULPA RODRIGUEZ MAINTENANCE DIRECTOR· 50h/wk | $103,211 | $11,771 |
ANDREA J GEE Human Resources Director· 50h/wk | $103,131 | $3,438 |
+ 7 unpaid officers/directors as reported (CHIP BLOCK, DAVE FLECK, DAVE PETERS, +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 |
|---|---|
| MEMBERSHIP DUES AND ASSESSMENTS | $8,173,281 |
| PROGRAM SERVICE REVENUE | $1,423,950 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.8M
▼ $604K paid down
Net land, buildings & equipment
$18.7M
book value, net of depreciation
Facility age
42%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $267,324 |
| Depreciation & depletion | $906,603 |
| Information technology | $10,051 |
| Advertising & promotion | $55,608 |
| Legal fees | $103,719 |
| Accounting fees | $59,169 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
First-Line Supervisors of Food Preparation and Serving Workers Denver, CO | $56K | 1 | May 2025 → Oct 2025 |
Landscaping and Groundskeeping Workers Denver, CO | $46K | 8 | May 2025 → Oct 2025 |
Cooks, Restaurant Denver, CO | $44K | 6 | May 2025 → Oct 2025 |
Waiters and Waitresses Denver, CO | $44K | 12 | May 2025 → Oct 2025 |
PFounded in 2000, Pinehurst Country Club reported $8.32M of revenue for FY23, at an operating margin of 0.6%. Revenue moved up 3.9% 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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