CDTO501(c)(7) · MEDIUMNAICS 713910EIN 94-1406809
Corral De Tierra Country Club
Salinas, CA · founded 1961
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$9.63M
▲ 5.4% YoY
FY23 Total Expenses
$9.05M
▲ 8.7% YoY
Operating Margin
6.0%
revenue minus expenses ÷ revenue
Employees
127
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$9.6M
▲ 25.4% / 5y
Expenses
$9.0M
▲ 17.3% / 5y
Total Assets
$17.5M
▲ 43.5% / 5y
Total Liabilities
$4.8M
▲ 131.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.7M | $8.5M | $8.5M | $9.1M | $9.6M | +25.4% |
| Expenses | $7.7M | $7.4M | $7.4M | $8.3M | $9.0M | +17.3% |
| Net surplus | -$39K | $1.1M | $1.1M | $807K | $579K | -1589.9% |
| Total assets | $12.2M | $15.3M | $15.3M | $15.7M | $17.5M | +43.5% |
| Total liabilities | $2.1M | $4.1M | $4.1M | $3.6M | $4.8M | +131.7% |
| Net assets | $10.1M | $11.3M | $11.3M | $12.1M | $12.7M | +25.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SCOTT FERREIRA General Manager· 40h/wk | $262,714 | $49,776 |
DOUGLAS AYRES Golf Course Superintendent· 40h/wk | $233,818 | $49,756 |
WILLIAM BENNETT Executive Chef· 40h/wk | $186,775 | $47,791 |
HEATHER FERREIRA Membership Director· 40h/wk | $158,145 | $5,893 |
PATRICK TRUNDLE DIRECTOR OF FOOD & BEVERAG· 40h/wk | $129,497 | $19,531 |
NICK MUSSOLINO Head Golf Professional· 40h/wk | $101,976 | $9,738 |
+ 9 unpaid officers/directors as reported (AARON JOHNSON, BILL HUGGINS, BRIAN ANTLE, +6 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 | $5,388,949 |
| DUES FOR CAPITAL IMPROVEMENTS | $1,019,836 |
| GOLF SHOP | $426,311 |
| TRANSFER AND INITIATION FEES | $314,375 |
| LOCKER ROOM | $54,156 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.1M
▲ $1.1M new borrowing
Net land, buildings & equipment
$12.8M
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 | $117,092 |
| Depreciation & depletion | $854,241 |
| Advertising & promotion | $7,827 |
| Office expenses | $74,592 |
| Accounting fees | $113,222 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CORRAL DE TIERRA COUNTRY CLUB 401(K) PLAN
pension · 83 participants · $4.9M assets · FY2024
CFounded in 1961, Corral De Tierra Country Club reported $9.63M of revenue for FY23, at an operating margin of 6.0%. Revenue moved up 5.4% 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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