AIRI501(c)(7) · MEDIUMNAICS 713910EIN 86-0076993
Arizona Country Club Inc Ingleside Golf Course
Phoenix, AZ · founded 1950
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$18.12M
▲ 12.1% YoY
FY23 Total Expenses
$17.88M
▲ 9.2% YoY
Operating Margin
1.4%
revenue minus expenses ÷ revenue
Employees
351
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$18.1M
▲ 22.2% / 5y
Expenses
$17.9M
▲ 30.6% / 5y
Total Assets
$28.4M
▲ 3.0% / 5y
Total Liabilities
$13.8M
▼ 3.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $14.8M | $14.6M | $14.6M | $16.2M | $18.1M | +22.2% |
| Expenses | $13.7M | $12.9M | $12.9M | $16.4M | $17.9M | +30.6% |
| Net surplus | $1.1M | $1.7M | $1.7M | -$204K | $247K | -78.4% |
| Total assets | $27.5M | $29.8M | $29.8M | $28.5M | $28.4M | +3.0% |
| Total liabilities | $14.3M | $17.2M | $17.2M | $15.0M | $13.8M | -3.8% |
| Net assets | $13.2M | $12.7M | $12.7M | $13.5M | $14.6M | +10.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KIRBY PUTT DIRECTOR OF AGRONOMY· 45h/wk | $212,753 | $9,200 |
NIGEL SPENCE Director of Golf· 45h/wk | $196,621 | $10,600 |
HEIMO BRANDSTATTER ASSISTANT GEN. MGR. AS OF 10/1/22· 45h/wk | $154,794 | $9,618 |
PAUL O'CONNOR EXECUTIVE CHEF THRU 1/15/23· 45h/wk | $137,541 | $7,700 |
PARRISH DESI SPEH FORMER COO/GENERAL MANAGER· 45h/wk | $109,147 | $6,900 |
RYAN OLDROYD Chief Financial Officer· 45h/wk | $101,383 | $2,000 |
WILLIAM JAMES BELITZ COO/GEN MGR. AS OF 10/1/22· 45h/wk | $68,554 | — |
+ 10 unpaid officers/directors as reported (BRIAN SCOTT, CHUCK HEIMERDINGER, GEOFF JENKINS, +7 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Paradise Valley Property Maintenance SCOTTSDALE, AZ | PROPERTY MAINTENANCE | $290,220 |
| Jr Cleaning Services LLC PHOENIX, AZ | Security & staffing | $270,350 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $11,040,863 |
| GOLF OPERATIONS | $1,755,354 |
| OTHER SPORT ACTIVITIES | $984,786 |
| INITIATION FEES | $713,734 |
| SPA REVENUE | $400,142 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$7.9M
▼ $664K paid down
Net land, buildings & equipment
$20.0M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $210,564 |
| Occupancy | $962,078 |
| Depreciation & depletion | $1,800,232 |
| Information technology | $145,286 |
| Advertising & promotion | $226,210 |
| Office expenses | $548,035 |
| Accounting fees | $37,325 |
| Other professional fees | $741,586 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ARIZONA COUNTRY CLUB RETIREMENT SAVINGS PLAN
pension · 155 participants · FY2024
THE ARIZONA COUNTRY CLUB WELFARE BENEFIT PLAN
welfare · 110 participants · FY2024
| Service provider | Paid |
|---|---|
| Tri-Ad Actuaries, Inc. | $14,589 |
AFounded in 1950, Arizona Country Club Inc Ingleside Golf Course reported $18.12M of revenue for FY23, at an operating margin of 1.4%. Revenue moved up 12.1% 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
The Quarterly · free
Get Arizona Country Club Inc Ingleside Golf Course’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
WIOOWoodway Country Club Incorporated
Revenue $18.2M — near your $18.1M
$18.2Mcompare →
PHILPhiladelphia Country Club
Revenue $18.2M — near your $18.1M
$18.2Mcompare →
RIDGThe Ridgewood Country Club
Revenue $18.0M — near your $18.1M
$18.0Mcompare →
Same state · AZ
PHOEPhoenix Country Club
AZ club · $17.2M
$17.2Mcompare →
TROOTroon Country Club Inc
AZ club · $15.5M
$15.5Mcompare →
PVARParadise Valley Country Club Inc
AZ club · $23.7M
$23.7Mcompare →
Similar revenue mix
MPCOMonterey Peninsula Country Club Corp
100% similar revenue mix
$32.3Mcompare →
PVALPalos Verdes Golf Club Inc
100% similar revenue mix
$12.6Mcompare →
WCCAWaynesborough Country Club Of Chester County
100% similar revenue mix
$11.9Mcompare →
Similar payroll intensity
RIDGRidgewood Country Club Inc
Payroll intensity 51.7% · near your 51.6%
$7.1Mcompare →
WESTWestborough Country Club
Payroll intensity 51.7% · near your 51.6%
$8.1Mcompare →
WWALWalla Walla Country Club
Payroll intensity 51.7% · near your 51.6%
$4.0Mcompare →