TERR501(c)(7) · MEDIUMNAICS 713910EIN 86-0912115
Terravita Country Club Inc
Scottsdale, AZ · founded 2003
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.62M
▲ 7.5% YoY
FY23 Total Expenses
$5.43M
▲ 10.0% YoY
Operating Margin
3.4%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.6M
▲ 34.2% / 5y
Expenses
$5.4M
▲ 37.2% / 5y
Total Assets
$17.7M
▲ 4.6% / 5y
Total Liabilities
$4.3M
▼ 7.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.2M | $5.0M | $5.0M | $5.2M | $5.6M | +34.2% |
| Expenses | $4.0M | $4.2M | $4.2M | $4.9M | $5.4M | +37.2% |
| Net surplus | $233K | $770K | $770K | $293K | $192K | -17.6% |
| Total assets | $17.0M | $17.4M | $17.4M | $17.6M | $17.7M | +4.6% |
| Total liabilities | $4.6M | $4.4M | $4.4M | $4.3M | $4.3M | -7.9% |
| Net assets | $12.3M | $13.0M | $13.0M | $13.3M | $13.5M | +9.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (BILL GREIG, DREW AUGUSTIN, GARY GEMOLL, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Troon SCOTTSDALE, AZ | Management services | $116,529 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| OTHER DUES/INCOME | $3,119,025 |
| MEMBER ASSESSMENTS-BOARD DESIGNAT | $1,283,740 |
| TRANSFER FEES | $63,025 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$13.2M
book value, net of depreciation
Facility age
43%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $116,529 |
| Insurance | $80,715 |
| Occupancy | $64,765 |
| Depreciation & depletion | $846,549 |
| Information technology | $74,345 |
| Advertising & promotion | $9,324 |
| Office expenses | $11,400 |
| Legal fees | $2,287 |
| Accounting fees | $32,859 |
TFounded in 2003, Terravita Country Club Inc reported $5.62M of revenue for FY23, at an operating margin of 3.4%. Revenue moved up 7.5% 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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