MPCO501(c)(7) · MEDIUMNAICS 713910EIN 94-1451412
Monterey Peninsula Country Club Corp
Pebble Beach, CA · founded 1953
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$32.30M
▲ 9.5% YoY
FY23 Total Expenses
$36.93M
▲ 8.4% YoY
Operating Margin
-14.3%
revenue minus expenses ÷ revenue
Employees
343
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$32.3M
▼ 4.3% / 5y
Expenses
$36.9M
▲ 21.4% / 5y
Total Assets
$67.5M
▲ 10.3% / 5y
Total Liabilities
$7.2M
▲ 1.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $33.8M | $29.2M | $29.2M | $29.5M | $32.3M | -4.3% |
| Expenses | $30.4M | $30.8M | $30.8M | $34.1M | $36.9M | +21.4% |
| Net surplus | $3.3M | -$1.6M | -$1.6M | -$4.6M | -$4.6M | -238.5% |
| Total assets | $61.2M | $64.4M | $64.4M | $64.8M | $67.5M | +10.3% |
| Total liabilities | $7.1M | $6.6M | $6.6M | $5.9M | $7.2M | +1.3% |
| Net assets | $54.1M | $57.7M | $57.7M | $58.8M | $60.3M | +11.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JJ WEST General Manager· 50h/wk | $591,785 | $115,806 |
CHRIS DALHAMMER GREENS & GROUNDS DIRECTOR· 50h/wk | $466,916 | $58,018 |
ALEXANDER KIRKWOOD Director of Golf· 50h/wk | $448,960 | $32,758 |
BRADLEY SPENCER VICE PRESIDENT OF FINANCE· 50h/wk | $352,720 | $9,631 |
DAN FUREY Executive Chef· 50h/wk | $219,468 | $18,325 |
JENNIFER MURRAY DIRECTOR OF HUMAN RESOURCE· 50h/wk | $209,364 | $35,692 |
KHADIJA COLEY-MASON DIRECTOR OF FOOD & BEVERAG· 50h/wk | $204,705 | $28,842 |
CY YONTZ EXECUTIVE SOUS CHEF· 50h/wk | $186,974 | $31,204 |
AARON OLSON DIRECTOR OF INSTRUCTION· 50h/wk | $177,016 | $27,351 |
RYAN COLE Golf Course Superintendent· 50h/wk | $163,769 | $13,960 |
+ 9 unpaid officers/directors as reported (CHUCK DIETRICK, JACK GRANDCOLAS, JOHN COPE, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Jamiesonmae Communications DENVER, CO | COMMUNICATIONS | $147,757 |
| Scudder Roofing MONTEREY, CA | Construction & renovation | $115,473 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $23,494,224 |
| GOLF ACTIVITIES AND GOLF CART STO | $3,881,691 |
| SPECIAL PURPOSE FUNDS | $1,382,952 |
| LOCKER ROOMS AND FITNESS | $364,301 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$49.2M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $384,819 |
| Occupancy | $550,600 |
| Depreciation & depletion | $4,006,033 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MONTEREY PENINSULA COUNTRY CLUB 401(K) PROFIT SHARING PLAN
pension · 242 participants · FY2024
MFounded in 1953, Monterey Peninsula Country Club Corp reported $32.30M of revenue for FY23, at an operating margin of -14.3%. Revenue moved up 9.5% 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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