PVAR501(c)(7) · MEDIUMNAICS 713910EIN 86-0107268
Paradise Valley Country Club Inc
Paradise Vly, AZ · founded 1955
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$23.69M
▲ 11.2% YoY
FY23 Total Expenses
$23.07M
▲ 11.9% YoY
Operating Margin
2.6%
revenue minus expenses ÷ revenue
Employees
435
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$23.7M
▲ 17.8% / 5y
Expenses
$23.1M
▲ 20.0% / 5y
Total Assets
$44.1M
▲ 21.3% / 5y
Total Liabilities
$4.8M
▲ 73.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $20.1M | $18.3M | $18.3M | $21.3M | $23.7M | +17.8% |
| Expenses | $19.2M | $17.1M | $17.1M | $20.6M | $23.1M | +20.0% |
| Net surplus | $887K | $1.2M | $1.2M | $675K | $622K | -29.8% |
| Total assets | $36.4M | $41.6M | $41.6M | $41.8M | $44.1M | +21.3% |
| Total liabilities | $2.8M | $4.1M | $4.1M | $3.3M | $4.8M | +73.3% |
| Net assets | $33.6M | $37.5M | $37.5M | $38.5M | $39.3M | +17.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
STEVE RICHARDSON GENERAL MANAGER/COO (THRU 10/22)· 40h/wk | $376,859 | $23,989 |
ROBERT COLLINS Golf Course Superintendent· 40h/wk | $273,990 | $19,051 |
ALVIN SUTTON Director of Golf· 40h/wk | $230,111 | $21,375 |
MARK HAMILTON Executive Chef· 40h/wk | $170,084 | $9,102 |
ANGELO FORNARO FACILITIES DIRECTOR· 40h/wk | $157,587 | $6,127 |
ALEXANDRIA BEARDEN ASSISTANT GM· 40h/wk | $148,159 | $15,560 |
BILLY MILLER FITNESS INSTRUCTOR· 40h/wk | $131,208 | $8,424 |
CHRISTINE CURTIS FITNESS DIRECTOR· 40h/wk | $127,870 | $13,313 |
DEAN ROELLER CONTROLLER (THRU 07/23)· 40h/wk | $116,986 | $2,224 |
+ 17 unpaid officers/directors as reported (ALEX ARRIZON, ALICIA K HARRISON, BRAD WRIGHT, +14 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 & ASSESSMENTS | $13,954,717 |
| GOLF | $1,875,465 |
| POOL/TENNIS/SOCIAL | $1,799,306 |
| OTHER OPERATING REVENUE | $149,373 |
| PAYMENT PLAN INTEREST | $23,682 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$689K
▼ $156K paid down
Net land, buildings & equipment
$31.1M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $220,269 |
| Occupancy | $1,077,505 |
| Depreciation & depletion | $2,298,206 |
| Advertising & promotion | $110,941 |
| Office expenses | $378,111 |
| Legal fees | $76,253 |
| Other professional fees | $200,092 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
PARADISE VALLEY COUNTRY CLUB EMPLOYEE BENEFITS PLAN
welfare · 106 participants · FY2024
PARADISE VALLEY COUNTRY CLUB 401(K) PLAN
pension · 313 participants · FY2024
| Service provider | Paid |
|---|---|
| Fidelity Investments Institutional | $15,767 |
PFounded in 1955, Paradise Valley Country Club Inc reported $23.69M of revenue for FY23, at an operating margin of 2.6%. Revenue moved up 11.2% 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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