Civic Intelligence

Woodmont Country Club

EIN 52-0535740 • 501(c)7 • Rockville, MD

Profile

To continue to provide quality facilities and services with responsible fiscal policies that will make woodmont country club the place of choice for recreation, dining and social activities for all members and their families.

1201 Rockville PikeRockville, MD 20852

woodmontcc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.54x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

1.16x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Net Margin

25th percentile

-3.7%

Higher net margin than 25% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$447,324

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Asset Growth

5th percentile

-4.3%

Faster asset growth than 5% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$61,521,238

Down $2,755,131 (-4.3%) from 2023

Liabilities

Down

$33,298,528

Down $1,823,381 (-5.2%) from 2023

Net Assets

Down

$28,222,710

Down $931,750 (-3.2%) from 2023

Revenue

Up

$28,600,663

Up $3,209,917 (+13%) from 2023

Expenses

Up

$29,648,921

Up $3,677,890 (+14%) from 2023

Net Income

Down

-$1,048,258

Down $467,973 (-81%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $40,612,707Liabilities 2010: $6,149,455Net Assets 2010: $34,463,2522010Assets 2011: $40,379,804Liabilities 2011: $4,158,186Net Assets 2011: $36,221,6182011Assets 2012: $43,420,867Liabilities 2012: $4,558,074Net Assets 2012: $38,862,7932012Assets 2013: $45,707,426Liabilities 2013: $4,577,668Net Assets 2013: $41,129,7582013Assets 2014: $47,218,846Liabilities 2014: $9,261,745Net Assets 2014: $37,957,1012014Assets 2015: $58,712,174Liabilities 2015: $20,847,224Net Assets 2015: $37,864,9502015Assets 2016: $58,216,931Liabilities 2016: $20,540,685Net Assets 2016: $37,676,2462016Assets 2017: $58,233,427Liabilities 2017: $19,227,362Net Assets 2017: $39,006,0652017Assets 2018: $56,157,703Liabilities 2018: $17,239,007Net Assets 2018: $38,918,6962018Assets 2019: $55,512,220Liabilities 2019: $30,047,575Net Assets 2019: $25,464,6452019Assets 2020: $55,298,208Liabilities 2020: $27,927,467Net Assets 2020: $27,370,7412020Assets 2021: $56,166,542Liabilities 2021: $27,361,171Net Assets 2021: $28,805,3712021Assets 2022: $58,548,508Liabilities 2022: $28,964,617Net Assets 2022: $29,583,8912022Assets 2023: $64,276,369Liabilities 2023: $35,121,909Net Assets 2023: $29,154,4602023Assets 2024: $61,521,238Liabilities 2024: $33,298,528Net Assets 2024: $28,222,7102024

Highlighted filing

2024

Assets$61,521,238
Liabilities$33,298,528
Net Assets$28,222,710

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $15,285,0422010Expenses 2011: $15,726,7202011Expenses 2012: $16,605,1942012Revenue 2013: $19,219,138Expenses 2013: $17,017,988Net Income 2013: $2,201,1502013Revenue 2014: $14,026,463Expenses 2014: $17,172,112Net Income 2014: -$3,145,6492014Revenue 2015: $18,951,101Expenses 2015: $19,001,854Net Income 2015: -$50,7532015Revenue 2016: $20,088,874Expenses 2016: $20,334,476Net Income 2016: -$245,6022016Revenue 2017: $21,727,013Expenses 2017: $20,639,948Net Income 2017: $1,087,0652017Revenue 2018: $21,364,591Expenses 2018: $21,318,174Net Income 2018: $46,4172018Revenue 2019: $22,456,672Expenses 2019: $21,755,373Net Income 2019: $701,2992019Revenue 2020: $19,122,156Expenses 2020: $18,095,815Net Income 2020: $1,026,3412020Revenue 2021: $22,075,767Expenses 2021: $20,890,166Net Income 2021: $1,185,6012021Revenue 2022: $24,016,037Expenses 2022: $23,051,155Net Income 2022: $964,8822022Revenue 2023: $25,390,746Expenses 2023: $25,971,031Net Income 2023: -$580,2852023Revenue 2024: $28,600,663Expenses 2024: $29,648,921Net Income 2024: -$1,048,2582024

Highlighted filing

2024

Revenue$28,600,663
Expenses$29,648,921
Net Income-$1,048,258

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$61.5$33.3$28.2$28.6$29.6$1.05
2023Detailed filing. Detailed filing data is available for this year.$64.3$35.1$29.2$25.4$26.0$0.58
2022Detailed filing. Detailed filing data is available for this year.$58.5$29.0$29.6$24.0$23.1$0.96
2021Detailed filing. Detailed filing data is available for this year.$56.2$27.4$28.8$22.1$20.9$1.19
2020Detailed filing. Detailed filing data is available for this year.$55.3$27.9$27.4$19.1$18.1$1.03
2019Detailed filing. Detailed filing data is available for this year.$55.5$30.0$25.5$22.5$21.8$0.70
2018Detailed filing. Detailed filing data is available for this year.$56.2$17.2$38.9$21.4$21.3$0.05
2017Detailed filing. Detailed filing data is available for this year.$58.2$19.2$39.0$21.7$20.6$1.09
2016Detailed filing. Detailed filing data is available for this year.$58.2$20.5$37.7$20.1$20.3$0.25
2015Detailed filing. Detailed filing data is available for this year.$58.7$20.8$37.9$19.0$19.0$0.05
2014Detailed filing. Detailed filing data is available for this year.$47.2$9.26$38.0$14.0$17.2$3.15
2013Detailed filing. Detailed filing data is available for this year.$45.7$4.58$41.1$19.2$17.0$2.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.4$4.56$38.9$16.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$4.16$36.2$15.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$6.15$34.5$15.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$32,665,681
Mission and Program Overview

Mission

Operate as a country club to provide recreational activities to its membership, such as golf, tennis, swimming and dining facilities.

To provide recreational and social activites for our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$54,970,524$52,928,501▼ $2,042,023
Accounts Receivable$3,025,907$3,373,114▲ $347,207
Investments in Publicly Traded Securities$2,301,229$1,775,988▼ $525,241
Inventories for Sale or Use$486,893$530,527▲ $43,634
Prepaid Expenses and Deferred Charges$463,480$525,404▲ $61,924
Cash and Non-Interest-Bearing Accounts$158,905$325,294▲ $166,389
Total Assets$64,276,369$61,521,238▼ $2,755,131
Other Assets Total$2,869,431$2,062,410▼ $807,021
Liabilities
Other Liabilities$15,115,052$14,250,062▼ $864,990
Mortgage Notes Payable Secured by Investment Property$14,718,781$13,705,398▼ $1,013,383
Deferred Revenue$2,588,491$2,904,082▲ $315,591
Accounts Payable and Accrued Expenses$2,699,585$2,438,986▼ $260,599
Total Liabilities$35,121,909$33,298,528▼ $1,823,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,154,460$28,222,710▼ $931,750
Total Net Assets Fund Balance$29,154,460$28,222,710▼ $931,750
Total Liabilities and Net Assets / Fund Balance$64,276,369$61,521,238▼ $2,755,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,507,234$16,500,124$46,007,358
Leasehold Improvements$14,069,623$10,162,573$24,232,196
Equipment$4,211,740$8,836,710$13,048,450
Other Land Buildings$4,837,534$1,510,209$6,347,743
Land$302,370-$302,370
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph RoedigerChief Operating OfficerFT$363,052$84,272$447,324
David DornDirector of GolfFT$304,040$96,433$400,473
Ryan SeveridtDirector of Greens & GrounFT$316,853$68,281$385,134
Jeffery CombeDirector of Club FittingFT$57,637$282,761$340,398
Bruce LipkaDirector of TennisFT$254,236$59,911$314,147

Board Members and Trustees

NameTitle
Seth WernickImmediate Past President
Steve LustigPresident
Daryle BobbFirst Vice President
Alan BubesGovernor
Alexandra WalkerGovernor
Anton CohenGovernor
Barry HabermanGovernor
Billy BurakGovernor
Bradley BuslikGovernor
Brian AshinGovernor
Carla FreedGovernor
Daryle ShapiroGovernor
Elaine FeidelmanGovernor
Evan SilvermanGovernor
Jason RubinsteinGovernor
Jennifer WeinbergGovernor
Joann DimeglioGovernor
Phil SchulmanGovernor
Steven SchiffmanSecretary
John VerstandigTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Safe Shield Consultants Dba Signal 88 SeSecurity Services8101 SANDY SPRING ROAD SUITEE 300-E, Laurel, MD 20708$111,128
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,054,850
Investment Income
$93,246
Other Revenue
$3,452,567
Change in Net Assets
$-1,048,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,876,343
Revenue Not Reported on Financial Statements
$724,320
Revenue Not Reported on Form 990
$4,179,395
Other Revenue Adjustments
$724,320
Total Revenue per Audited Statements
$32,055,738
Total Revenue per Form 990
$28,600,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,336,933
Other Expenses$12,311,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$13,879,492
Depreciation Depletion---$3,956,465
Occupancy---$1,914,705
Other Employee Benefits---$1,321,787
Payroll Taxes---$1,069,293
Other Expenses---$633,469
All Other Expenses---$629,231
Pension Plan Contributions---$619,037
Fees for Services Other---$606,011
Current Officers, Directors, Trustees, and Key Employees---$447,324
Information Technology---$427,447
Interest---$414,071
Insurance---$392,124
Office Expenses---$314,051
Conferences and Meetings---$128,363
Fees for Services Legal---$70,199
Total Functional Expenses$0$0$0$29,648,921

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,987,488
Total Expenses per Form 990$29,648,921
Expenses per Audited Statements$28,924,601
Expenses Not Reported on Form 990$4,062,887
Expenses Not Reported on Financial Statements$724,320
Other Expense Adjustments$724,320
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Defferred Contract Revenue$9,847,699
CHILDERN'S DEPOSITS$2,175,000
Defferred Compensation$1,108,630
Member Deposits$907,750
Members Certificates$113,820
Lease Liabilites$97,163
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

"1. Active membership - members are entitle to vote, and they and their spouses shall be eligible to hold office. 2. Active senior membership - members are entitle to vote, and they and their spouses shall be eligible to hold office. 3. Associate membership - members are entitled to vote and hold office. 4. Associate senior membership - members are entitle to vote and hold office. 5. Clubhouse membership - members are not entitle to vote or hold office. 6. Social membership - members are not entitled to vote or hold office. 7. Non-resident membership - members are not entitled to vote or hold office. 8. Life membership - members are entitled to all rights of a member of the club in the same class he or she was in before becoming a lifemember. 9. Honorary membership - members are not entitled to vote or hold office. 10. Special membership - members are not entitled to vote or hold office."

Form 990, Part VI, Section A, Line 7A

The organization's active, active senior, associate, associate senior and life members can elect the governing body.

Form 990, Part VI, Section A, Line 7B

The board of governors shall have the right to sell assets of the club as it may, in its discretion, deem in the best interests of the club, provided that no such sale or transfer which involves the disposition, other than by condemnation, of any portion of the club's real property which cannot be effected without approval of the membership by affirmative vote.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's public accounting firm from information provided by the director of finance, and is reviewed by the organization's director of finance with the coo prior to submission. After submission, a copy will be sent to the audit comittee.

Form 990, Part VI, Section B, Line 12C

Reviewed by the board of governors annually and whenever a new member is added to the board.

Form 990, Part VI, Section B, Line 15

The club will use the services of a third-party executive search agency for director positions, which will generally include a comparable compensation survey. A search committee is usually formed that will conduct interviews and negotiate compensation packages and present its recommendation to the board of governors for approval.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to members only on the club's website.

Filing and Contact Details

Filer

Filer Name
Woodmont Country Club
EIN
52-0535740
Phone
3014247200
Address
1201 ROCKVILLE PIKE, ROCKVILLE, MD 20852

Signing Officer

Name
Joseph Roediger
Title
Chief Operating Officer
Phone
3014247200
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daryle Bobb
Formed
1913
Legal Domicile
Dc
Voting Board Members
19
Independent Board Members
19
Employees
525
Volunteers
19

Preparer

Firm
Pbmares Llp
Address
12150 MONUMENT DRIVE SUITE 350, FAIRFAX, VA 22033
Preparer
Edward T Yoder CPA
Phone
7033858577
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The club is exempt from federal income taxes on member transactions and other activities related directly to its nonprofit purpose under internal revenue code section 501(c)(7). The club is liable for federal and state income taxes on its unrelated business income only. Unrelated business income represents investment income and certain other revenues derived from nonmember events and functions. The club's tax expense for the years ended december 31, 2024 and 2023 was $39.906 and $0, respectively.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

COST OF GOODS SOLD

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Service charge income recorded on financial statements as payroll expense

PART XII, LINE 2D - OTHER ADJUSTMENTS:

COST OF GOODS SOLD

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Service charge income recorded on financial statements as payroll expense

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF GREENS & GROUN
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