Princess Anne Country Club

EIN: 540346990

VIRGINIA BEACH, VA

Total Revenue
$13,123,821
Total Expenses
$12,357,614
Total Assets
$28,211,576
Net Assets
$15,565,121
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
VA
Principal Officer
WILLIAM S SHONK CCM
Phone
7574284141
Tax Period
2023-10-01 to 2024-09-30

PRINCESS ANNE COUNTRY CLUB, founded in 1916, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2017.

Mission

NON-PROFIT SOCIAL AND RECREATIONAL ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,980,048
Investment Income $-41,348
Other Revenue $2,185,121
TOTAL REVENUE $13,123,821

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,554,796
Fundraising Expenses $0
Other Expenses $5,802,818
TOTAL EXPENSES $12,357,614

Year-over-Year Comparison

2023 2022 Change
Revenue $13,123,821 $11,965,009 +0.1%
Expenses $12,357,614 $11,803,945 +0.0%
Net Income $766,207 $161,064 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
334
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$316,573
Total Directors
14
$73,552
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM S SHONK GENERAL MANAGER 60.0
Officer
$243,021 $0 $243,021
JORDAN SPITLER GC SUPERINTENDENT 40.0
Highest
$149,215 $0 $149,215
JENNIFER GARROT ASST GM 60.0
Highest
$135,316 $0 $135,316
MARDY COLLING F&B DIRECTOR 60.0
Highest
$127,563 $0 $127,563
RONALD G BENSON EXECUTIVE CHEF 45.0
Highest
$118,774 $0 $118,774
CATHIE HAVRILESKY CONTROLLER 40.0
Highest
$110,288 $0 $110,288
PAT SHULER TREASURER 20.0
Officer Director
$66,866 $0 $66,866
JOHN WILSON JR PRESIDENT 30.0
Officer Director
$6,686 $0 $6,686
DAVID C BURTON SECRETARY 20.0
Officer Director
$0 $0 $0
BOBBY BEASLEY III BOARD MEMBER 15.0
Director
$0 $0 $0
DR NEIL BROWN BOARD MEMBER 10.0
Director
$0 $0 $0
MIKE COWAN BOARD MEMBER 10.0
Director
$0 $0 $0
KELLY DISHAROON BOARD MEMBER 10.0
Director
$0 $0 $0
JOHN HAWA BOARD MEMBER 10.0
Director
$0 $0 $0
NICOLE LEGUM BOARD MEMBER 10.0
Director
$0 $0 $0
AMY METZGER BOARD MEMBER 10.0
Director
$0 $0 $0
SHANNAN POTERAN BOARD MEMBER 10.0
Director
$0 $0 $0
BARBARA SESSOMS BOARD MEMBER 10.0
Director
$0 $0 $0
ROGER STROUD BOARD MEMBER 10.0
Director
$0 $0 $0
SAM STEINGOLD BOARD MEMBER 10.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,123,821 $12,357,614 $28,211,576 $766,207
2023 $11,965,009 $11,803,945 $27,759,434 $161,064
2022 $11,073,390 $10,529,547 $27,253,791 $543,843
2021 $11,095,440 $8,951,193 $27,152,387 $2,144,247
2020 $8,539,025 $8,231,344 $21,457,177 $307,681
2019 $8,736,289 $8,377,331 $20,372,142 $358,958
2018 $8,138,807 $8,274,009 $19,846,768 $-135,202
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