Rio Verde Country Club Inc

“The executive committee consists of the president, vice president(s), secretary, and treasurer. The president is the chair. The executive committee has the authority of the board during any period that the board stands adjourned. The executive committtee meets at the call of the president and reports to the board on its activities. Persons who are not members of the executive committee may attend committee meetings only by invitation.”

“Rio verde country club, inc. ("the club") operates under a private golf management agreement with troon golf, llc ("troon"). Troon operates the club's day-to-day activities as directed by the organization's board of directors. The club has no employees of its own. The contract calls for a base management fee and certain fixed and variable costs specifically identifed to running the club. The specifically identified costs are not included as part of the management fee reported on part vii, section b. Instead, they are reported on the appropriate natural expense line on part ix, including $3,817,885 in reimbursed salaries and wages, $350,463 of "employee" benefits, $37,529 in retirement benefits and $313,528 of payroll taxes. The following individuals were identified as the club's top management and financial officials and are listed as officers in part vii. In 2023, they received compensation from troon golf, llc for their services. Reportable comp estimated other comp penny metcalf $97,990 $8,750 anthony paino $177,500 $9,305”

“The organization has voting golf members, non voting golf members, designees, community and non-resident social members. Voting golf members are the only members entitled to vote and share in any disposition of the club's assets upon dissolution.”

“Voting golf members elect the board.”

“Any plan proposed by the board to dispose of the net assets of the club or amend the bylaws must be approved by the voting golf members.”

“Initial review is done by the controller, second review by the treasurer before being presented to the president for signature.”

“Each director annually signs a document approved by the board certifying that the director has read, understands, and will comply with the conflict of interest policy.”

“The management company sets the compensation of the general manager and controller. The organization assesses the reasonableness of the management fees as a whole.”

“We make governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, the documents are available for members to review on the club website.”