RubinBrown Private Club Stats 2015

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 $5,350

$4,940

Initiation fees

$560 $630 $740 $460 $520 $100

$360 $610 $520 $410 $540

Capital assessments Operating assessments

Greens fees Cart rental Locker fees

$90 $40

Tennis and swimming fees Pro shop merchandise sales

$30

$690

$660

Food revenues

$2,600

$2,710

Beverage revenues Service charges All other income

$920 $890 $610

$980 $850 $640

$14,100

$13,350

2. Operating expenses per member (all members, excluding nonresidents) during the past fiscal year: Food and beverage $4,550

$4,820 $2,420

Golf course and grounds

$2,460 $1,160 $1,230 $1,530 $1,430

Clubhouse

$830

Pro shop

$1,210 $1,460 $1,380

General and administrative

Depreciation

Real estate taxes

$320 $290 $270 $530 $580

$340 $230 $220 $480 $370

Insurance

Interest Utilities

Other

$14,350

$13,760

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

$620

Average monthly capital assessments (if charged) Average monthly food & beverage minimum (if charged)

$70

$110

Average monthly service charge (if charged)

$50

B. Average total monthly charges

$850 3.2%

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

4. Initiation fees:

Average $24,000

Median

A. Initiation fee for regular membership

$9,000

B. Refundable portion of regular member initiation fee (if applicable)

$2,100

$750 $730

C. Initiation fee for social membership (if charged)

$740

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

8.1%

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

$6,650

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

$2,822,000 0.8 to 1.0

D. Average effective borrowing rate

3.6%

RubinBrown Private Club Stats 2015 | 3