DFES501(c)(7) · MEDIUMNAICS 713910EIN 86-0174701

Desert Forest Golf Club

Carefree, AZ · founded 1963
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$6.36M
▲ 11.8% YoY
FY23 Total Expenses
$5.43M
▲ 5.7% YoY
Operating Margin
14.6%
revenue minus expenses ÷ revenue
Employees
69
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$6.4M
▲ 26.3% / 5y
5.05.55.55.76.4
Expenses
$5.4M
▲ 37.0% / 5y
4.04.34.35.15.4
Total Assets
$7.7M
▲ 64.7% / 5y
4.75.65.67.07.7
Total Liabilities
$1.4M
▼ 4.9% / 5y
1.47307301.51.4

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$5.0M$5.5M$5.5M$5.7M$6.4M+26.3%
Expenses$4.0M$4.3M$4.3M$5.1M$5.4M+37.0%
Net surplus$1.1M$1.2M$1.2M$554K$931K-13.2%
Total assets$4.7M$5.6M$5.6M$7.0M$7.7M+64.7%
Total liabilities$1.4M$730K$730K$1.5M$1.4M-4.9%
Net assets$3.2M$4.8M$4.8M$5.4M$6.3M+95.3%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
SCOTT SZYMONIAK
General Manager· 60h/wk
$213,925$14,328
JEFF NEWELL
Head Golf Professional· 40h/wk
$111,586$10,748
ANDRES JAURIGUE
Executive Chef· 40h/wk
$107,000$18,050

+ 9 unpaid officers/directors as reported (DAVID AUGUST, DAVID CARPENTER, DOUG FARQUHARSON, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
TROON GOLF LLC
SCOTTDALE, AZ
GOLF COURSE AGRONOMY$111,851

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES AND ASSESSMENTS$4,032,039
INITIATION FEES$916,861
GREENS FEES/CART RENTAL$822,375
LOCKER/STORAGE FEES$98,782

DFounded in 1963, Desert Forest Golf Club reported $6.36M of revenue for FY23, at an operating margin of 14.6%. Revenue moved up 11.8% 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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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