RubinBrown Private Club Stats 2013

Operational Information

Average Revenue

Median Revenue

Per Member

Per Member

1. Operating revenues per member (all members, excluding nonresidents) during the past fiscal year: Dues $5,727

$5,994

Initiation fees

$468 $647 $747 $495 $561 $103

$289 $585 $537 $569 $553

Capital assessments Operating assessments

Greens fees Cart rental Locker fees

$95 $35

Tennis and swimming fees Pro shop merchandise sales

$37

$875

$665

Food revenues

$2,868

$2,680 $1,011

Beverage revenues Service charges All other income

$901 $898 $651

$809 $452

$14,978

$14,274

2. Operating expenses per member (all members, excluding nonresidents) during the past fiscal year: Food and beverage $4,700

$4,707 $2,737

Golf course and grounds

$2,688 $1,059 $1,424 $1,479 $1,520

Clubhouse

$939

Pro shop

$1,496 $1,505 $1,464

General and administrative

Depreciation

Real estate taxes

$322 $347 $314 $551 $673

$317 $269 $194 $547 $679

Insurance

Interest Utilities

Other

$15,077

$14,854

3. A. Average monthly dues, assessments and charges (regular members): Average monthly membership dues and operating assessments

$595

Average monthly capital assessments

$73

Average monthly food & beverage minimum

$106

Average monthly service charge

$71

B. Average total monthly charges

$845 2.5%

C. Average increase in dues for regular members over prior year

4. Initiation fees:

Average $26,000

Median $12,000

A. Initiation fee for regular membership

B. Refundable portion of regular member initiation fee

$680 $670

$750 $750

C. Initiation fee for social membership

5. Average percentage of total revenue derived from outside events (not-for-profit clubs only)

10.5%

6. Club borrowings and leverage: A. Average bank debt per member (excluding nonresidents)

$6,726

B. Average total bank debt (total dollars) C. Average bank debt to membership equity

$2,965,000

1 to 1

D. Average effective borrowing rate

4.2%

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