Civic Intelligence

The Rainier Club

EIN 91-0378550 • 501(c)7 • Seattle, WA

Profile

The rainier club engages business, civic, and creative leaders in a diverse community of interests. We achieve this by being a social club organized to provide fellowship, recreation, pleasure and various other social functions to its members, through the use of a restaurant, bar, private member dining, overnight room accommodations and athletic facilities.

820 Fourth AvenueSeattle, WA 98104

www.therainierclub.com

Siviq Scores

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

Liabilities / Assets

50th percentile

0.34x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.73x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-40%

Higher net margin than 1% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-12%

Faster asset growth than 2% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

2.1%

Faster revenue growth than 26% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$11,506,024

Down $1,538,217 (-12%) from 2023

Liabilities

Up

$3,883,955

Up $575,143 (+17%) from 2023

Net Assets

Down

$7,622,069

Down $2,113,360 (-22%) from 2023

Revenue

Up

$5,295,604

Up $108,802 (+2.1%) from 2023

Expenses

Up

$7,408,964

Up $1,307,383 (+21%) from 2023

Net Income

Down

-$2,113,360

Down $1,198,581 (-131%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,043,202Liabilities 2011: $1,458,859Net Assets 2011: $5,584,3432011Assets 2012: $6,731,055Liabilities 2012: $1,406,281Net Assets 2012: $5,324,7742012Assets 2013: $6,507,433Liabilities 2013: $1,430,052Net Assets 2013: $5,077,3812013Assets 2014: $5,854,268Liabilities 2014: $1,264,795Net Assets 2014: $4,589,4732014Assets 2015: $9,648,884Liabilities 2015: $887,938Net Assets 2015: $8,760,9462015Assets 2016: $8,878,890Liabilities 2016: $985,997Net Assets 2016: $7,892,8932016Assets 2017: $8,037,574Liabilities 2017: $916,842Net Assets 2017: $7,120,7322017Assets 2018: $14,424,435Liabilities 2018: $1,012,878Net Assets 2018: $13,411,5572018Assets 2019: $13,388,113Liabilities 2019: $795,301Net Assets 2019: $12,592,8122019Assets 2020: $12,362,585Liabilities 2020: $695,963Net Assets 2020: $11,666,6222020Assets 2021: $12,377,709Liabilities 2021: $1,540,528Net Assets 2021: $10,837,1812021Assets 2022: $11,565,264Liabilities 2022: $915,056Net Assets 2022: $10,650,2082022Assets 2023: $13,044,241Liabilities 2023: $3,308,812Net Assets 2023: $9,735,4292023Assets 2024: $11,506,024Liabilities 2024: $3,883,955Net Assets 2024: $7,622,0692024

Highlighted filing

2024

Assets$11,506,024
Liabilities$3,883,955
Net Assets$7,622,069

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,981,5022011Expenses 2012: $5,710,7332012Expenses 2013: $6,007,0742013Revenue 2014: $5,860,311Expenses 2014: $6,348,219Net Income 2014: -$487,9082014Revenue 2015: $10,859,613Expenses 2015: $6,688,140Net Income 2015: $4,171,4732015Revenue 2016: $6,013,614Expenses 2016: $6,881,667Net Income 2016: -$868,0532016Revenue 2017: $3,053,507Expenses 2017: $3,953,430Net Income 2017: -$899,9232017Revenue 2018: $10,420,034Expenses 2018: $4,129,209Net Income 2018: $6,290,8252018Revenue 2019: $2,837,801Expenses 2019: $3,656,546Net Income 2019: -$818,7452019Revenue 2020: $2,828,303Expenses 2020: $3,736,171Net Income 2020: -$907,8682020Revenue 2021: $1,813,510Expenses 2021: $2,642,951Net Income 2021: -$829,4412021Revenue 2022: $3,675,772Expenses 2022: $3,862,745Net Income 2022: -$186,9732022Revenue 2023: $5,186,802Expenses 2023: $6,101,581Net Income 2023: -$914,7792023Revenue 2024: $5,295,604Expenses 2024: $7,408,964Net Income 2024: -$2,113,3602024

Highlighted filing

2024

Revenue$5,295,604
Expenses$7,408,964
Net Income-$2,113,360

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.5$3.88$7.62$5.30$7.41$2.11
2023Detailed filing. Detailed filing data is available for this year.$13.0$3.31$9.74$5.19$6.10$0.91
2022Detailed filing. Detailed filing data is available for this year.$11.6$0.92$10.7$3.68$3.86$0.19
2021Detailed filing. Detailed filing data is available for this year.$12.4$1.54$10.8$1.81$2.64$0.83
2020Detailed filing. Detailed filing data is available for this year.$12.4$0.70$11.7$2.83$3.74$0.91
2019Detailed filing. Detailed filing data is available for this year.$13.4$0.80$12.6$2.84$3.66$0.82
2018Detailed filing. Detailed filing data is available for this year.$14.4$1.01$13.4$10.4$4.13$6.29
2017Detailed filing. Detailed filing data is available for this year.$8.04$0.92$7.12$3.05$3.95$0.90
2016Detailed filing. Detailed filing data is available for this year.$8.88$0.99$7.89$6.01$6.88$0.87
2015Detailed filing. Detailed filing data is available for this year.$9.65$0.89$8.76$10.9$6.69$4.17
2014Detailed filing. Detailed filing data is available for this year.$5.85$1.26$4.59$5.86$6.35$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$1.43$5.08$6.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$1.41$5.32$5.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$1.46$5.58$5.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$7,099,503
Mission and Program Overview

Mission

The Rainier Club engages business, civic, and creative leaders in a diverse community of interests. We achieve this by being a social Club organized to provide fellowship, recreation, pleasure and various other social functions to its members, through the use of a restaurant, bar, private member dining, overnight room accommodations and athletic facilities.

The rainier club engages business, civic, and creative leaders in a diverse community of interests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,577,685$8,275,347▼ $302,338
Savings and Temporary Cash Investments$3,378,661$1,690,018▼ $1,688,643
Loans From Officers Directors$250,000$750,000▲ $500,000
Accounts Receivable$344,065$341,646▼ $2,419
Cash and Non-Interest-Bearing Accounts$239,930$230,491▼ $9,439
Inventories for Sale or Use$141,168$188,035▲ $46,867
Prepaid Expenses and Deferred Charges$94,897$124,840▲ $29,943
Intangible Assets$4,743$4,743→ $0
Total Assets$13,044,241$11,506,024▼ $1,538,217
Other Assets Total$263,092$650,904▲ $387,812
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,189,314$1,697,983▼ $491,331
Accounts Payable and Accrued Expenses$636,137$730,689▲ $94,552
Other Liabilities$93,350$478,405▲ $385,055
Deferred Revenue$140,011$226,878▲ $86,867
Total Liabilities$3,308,812$3,883,955▲ $575,143
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,735,429$7,622,069▼ $2,113,360
Total Net Assets Fund Balance$9,735,429$7,622,069▼ $2,113,360
Total Liabilities and Net Assets / Fund Balance$13,044,241$11,506,024▼ $1,538,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,408,763$9,151,157$16,559,920
Equipment$743,072$3,251,480$3,994,552
Land$123,512-$123,512
Other Assets Org$263,092--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori SailorsDirector ofFT$254,544$6,770$261,314
Lori SailorsDirector of Sales-$254,544$36,770$261,314
James CampbellExec ChefFT$156,812$30,106$186,918
David LennonGeneral ManaFT$183,392-$183,392
David LennonGeneral Manager-$153,392$30,106$183,392
Gregory FaulknerHealth ClubFT$126,272$13,535$139,807

Board Members and Trustees

NameTitle
Fred JarrettPresident
Lauren Parris WattsPresident El
Eb HarperTrustee
Greg JohnsonTrustee
Greg WolfTrustee
Harry KorrellTrustee
Jasmine DonovanTrustee
John AdamsTrustee
Laura MacneilTrustee
Tom HooverTrustee
Julia BeaboutTrustee (out
Laura ChoiTrustee (out
R Miller AdamsTrustee (out
Tim HowellTrustee (out
Barbara WortleyImm Past Pre
Susan WinokurSecretary
Michael BlackTreasurer
Jim CluneVP of Member
Stacy KendallVP of Progra
Ed SheetsVP, Ops (out

Highest Paid Contractors

ContractorServicesLocationCompensation
Columbia HospitalityConsulting2200 ALASKAN WAY STE 200, Seattle, WA 98121$695,629
Towne ParkParking & Valet450 PLYMOUTH RD STE 300, Plymouth Meeting, PA 19462-1644$126,590
Revenue and Support

Revenue Composition

Contributions and Grants
$350,876
Program Service Revenue
$3,785,218
Investment Income
$107,231
Other Revenue
$1,052,279
All Other Contributions
$123,878
Change in Net Assets
$-2,113,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,542,336
Other Expenses$2,866,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,325,602--$3,325,602
Depreciation Depletion$689,146--$689,146
All Other Expenses$635,418--$635,418
Payroll Taxes$588,030--$588,030
Occupancy$490,768--$490,768
Other Employee Benefits$426,436--$426,436
Insurance$226,217--$226,217
Current Officers, Directors, Trustees, and Key Employees$202,268--$202,268
Interest$155,282--$155,282
Fees for Services Other$133,994--$133,994
Information Technology$77,891--$77,891
Office Expenses$49,685--$49,685
Fees for Services Legal$38,474--$38,474
Other Expenses$26,000--$26,000
Fees for Services Accounting$18,012--$18,012
Total Functional Expenses$7,408,964$0$0$7,408,964
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$250,000$750,000▲ $500,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$385,055
Other Liabilities$93,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 6

The rainier club is a non-profit corporation with members.

Form 990, Page 6, Part VI, Line 7A

The members of the rainier club select trustees that sit on the board of trustees.

Form 990, Page 6, Part VI, Line 7B

Amendments to these bylaws may be proposed by (1) an affirmative vote by a majority of the board of trustees, (2) a majority vote of the members attending any regular or special meeting or (3) by a petition signed by twenty-five or more resident members. The text of any such proposed amendment shall be posted by the secretary on the bulletin board and website of the club. Any such amendment that has been approved by a majority of the board of trustees shall be deemed adopted unless, within 15 days after its posting to the full membership, a petition signed by at least 25 resident members calls for a club-wide vote. If such a petition is presented, or if the proposed amendment has not been approved by the board of trustees, it shall be submitted for a club-wide vote by written ballot. Amendments to the bylaws shall be approved upon a two-thirds majority vote of those ballots received at the club house.

Form 990, Page 6, Part VI, Line 11B

As directed by a motion of the board of trustees the 990 form was presented to the audit committee to review and adopt the filing before submitting. After the audit committee review and adoption a complete copy of the form 990 was presented to the board of trustees prior to filing the form.

Form 990, Page 6, Part VI, Line 12C

Annually the board of trustees are required to complete a conflict of interest acknowledgement stating where a potential conflict may be possible.

Form 990, Page 6, Part VI, Line 15A

The process for determining the ceo compensation utilizes a performance review survey from the board of trustees and comparability data which is substantiated by the executive compensation committee with a report to the board of trustess. This process occurs annually.

Form 990, Page 6, Part VI, Line 15B

Since officers of the board of trustees are ineligible for compensation, there is no performance review or compensation review. The controller for the rainier club receives an annual performance and salary review. Compensation is based on the operating budget assumptions approved by the board of trustees. The ceo and the general manager conduct the review.

Form 990, Page 6, Part VI, Line 19

The rainier club provides all of its governing documents inclusive of the conflict of interest and whistleblower and document retention policy to the members by request. The public may obtain any document required by federal or state law by making an inquiry to the administrative offices.

Filing and Contact Details

Filer

Filer Name
The Rainier Club
EIN
91-0378550
Phone
2062966848
Address
820 FOURTH AVENUE, SEATTLE, WA 98104

Signing Officer

Name
David Lennon
Title
General Manager
Phone
2062966848
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Lennon
Formed
1888
Legal Domicile
Wa
Voting Board Members
20
Independent Board Members
18
Employees
140
Volunteers
20

Preparer

Firm
Finney Neill & Company Ps
Address
9757 GREENWOOD AVE N, SEATTLE, WA 98103
Preparer
Joshua J Breiling CPA
Phone
2062989811
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The rainier club engages business, civic, and creative leaders in a diverse community of interests. We achieve this by being a social club organized to provide fellowship, recreation, pleasure and various other social functions to its members, through the use of a restaurant, bar, private member dining, overnight room accommodations and athletic facilities.

Form 990, Page 2, Part III, Line 4A

As a 501(c)7 organization, the rainier club is a private members social club providing food and beverage services, overnight accommodations, athletic facilities, social and event programming, reciprocity with national and international private social clubs,and parking for the membership and their guests. The club fulfills its social mission by organizing at least 200 social events annually. These events comprise the diverse interests of the membership with programs focusing on such topics as athletics, art, business, community, education, environment, food and beverage, health and wellness, historic preservation, travel, literature and philanthropy. In addition to social events, the club is a gathering place for formal and informal meetings, meals, and gatherings of various types including professional and private dinners, lunches, and breakfasts, celebrations, and friendly get togethers. The clubhouse is registered as a historic landmark by the national register of historic buildings and the city of seattle. The clubhouse, designed in 1903 by kirtland cutter, is an example of jacobean-style architecture and has been standing on 4th avenue in seattle since 1904. The membership is proud to be public stewards of one of seattle's most recognized preservation efforts.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization accounts for tax positions in accordance with the recognition and initial measurement sections of the income taxes topic of financial accounting standards board accounting standards codification. With few exceptions, the organization is subject to u.s. Federal and state income tax examinations by tax authorities for the prior three years. Management has reviewed the organization's tax positions and determined there were no uncertain tax positions as of june 30, 2024 and 2023.

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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/TitleTxt0DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt1GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXEC CHEF
IRS990/Form990PartVIISectionAGrp/TitleTxt3HEALTH CLUB
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMM PAST PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP OF PROGRA
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE (OUT
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE (OUT
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IRS990/MissionDesc0THE RAINIER CLUB ENGAGES BUSINESS, CIVIC, AND CREATIVE LEADERS IN A DIVERSE COMMUNITY OF INTERESTS. WE ACHIEVE THIS BY BEING A SOCIAL CLUB ORGANIZED TO PROVIDE FELLOWSHIP, RECREATION, PLEASURE AND VARIOUS OTHER SOCIAL FUNCTIONS TO ITS MEMBERS, THROUGH THE USE OF A RESTAURANT, BAR, PRIVATE MEMBER DINING, OVERNIGHT ROOM ACCOMMODATIONS AND ATHLETIC FACILITIES.
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