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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

WAIA501(c)(7) · MEDIUMNAICS 713910EIN 99-0057829

Waialae Country Club

Honolulu, HI · founded 1964

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$23.95M

▲ 12.6% YoY

FY23 Total Expenses

$23.04M

▲ 13.5% YoY

Operating Margin

3.8%

revenue minus expenses ÷ revenue

Employees

305

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$23.9M

▲ 21.2% / 5y

Expenses

$23.0M

▲ 24.7% / 5y

Total Assets

$92.5M

▲ 145.7% / 5y

Total Liabilities

$71.4M

▲ 255.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$19.8M	$20.7M	$20.7M	$21.3M	$23.9M	+21.2%
Expenses	$18.5M	$18.6M	$18.6M	$20.3M	$23.0M	+24.7%
Net surplus	$1.3M	$2.1M	$2.1M	$970K	$905K	-30.0%
Total assets	$37.6M	$40.6M	$40.6M	$89.6M	$92.5M	+145.7%
Total liabilities	$20.1M	$20.5M	$20.5M	$71.3M	$71.4M	+255.6%
Net assets	$17.6M	$20.1M	$20.1M	$18.3M	$21.1M	+20.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
RICHARD HOWARD FORMER GM/COO & ASST SEC & TREAS· 40h/wk	$430,088	$10,766
DAVE NAKAMA Golf Course Superintendent· 40h/wk	$225,300	$18,244
JOYCE NOBRIGA CONTROLLER/CFO & ASST TREASURER· 40h/wk	$216,914	$45,000
LEILANI KHOPIN Human Resources Director· 40h/wk	$158,539	$16,602
RUSS ONIZUKA GM/COO & ASST SECRETARY· 40h/wk	$146,667	$8,492
LYNDA YAMAMOTO ASST CONTROLLER· 40h/wk	$140,145	$27,362
ROBERT GREER DIRECTOR OF FACILITIES· 40h/wk	$128,156	$7,154
KEVIN NAKATA FORMER EXECUTIVE CHEF· 40h/wk	$118,571	$12,800
CATHERINE LUKE Board Treasurer· 5h/wk	$14,025	—
KENNETH YAMATO Board Secretary· 5h/wk	$14,025	—
HOWARD KAM JR Board President· 24h/wk	$13,200	—
SCOTT HAYASHI JR PRESIDENT ELECT· 3h/wk	$6,050	—

+ 12 unpaid officers/directors as reported (AKEMI KUROKAWA, DAVID CAREY, JIM WALTERS, +9 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Pacific Audio & Communications Inc LIHUE, HI	Construction & renovation	$311,410
D H R Construction Inc AMERICAN CANYON, CA	Construction & renovation	$308,787

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$16,003,336
MEMBER SERVICES	$4,119,365
SONY OPEN GOLF TOURNAMENT	$783,059

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$15.4M

book value, net of depreciation

Facility age

71%

accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

Professionally managedFY23 · Form 990, Part IX

Management fees	$62,955
Insurance	$558,392
Occupancy	$3,152,255
Depreciation & depletion	$1,738,479
Information technology	$82,261
Advertising & promotion	$42,919
Office expenses	$1,512,069
Legal fees	$4,268
Accounting fees	$58,330
Other professional fees	$694,282

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

HEALTH AND WELFARE PLAN FOR THE EMPLOYEES OF WAIALAE COUNTRY CLUB

welfare · 123 participants · FY2024

WAIALAE COUNTRY CLUB 401(K) RETIREMENT SAVINGS PLAN

pension · 133 participants · FY2024

Service provider	Paid
Ubs Financial Services Inc	$26,560

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

WFounded in 1964, Waialae Country Club reported $23.95M of revenue for FY23, at an operating margin of 3.8%. Revenue moved up 12.6% 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)

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