2025-09-10T17:25:52-05:00 2025-04-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2024-05-01 860912114 TERRAVITA GOLF CLUB INC TERR 4804886956 34034 N 69TH WAY SCOTTSDALE AZ 85266 WILLIAM KELLY TREASURER 4804886956 2025-09-10 1 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2025-09-10 2024 2025-03-06 01:10:19Z BOB VON PENTZ 34034 N 69TH WAY SCOTTSDALE AZ 85266 6530670 0 X WWW.TERRAVITA.COM X 1998 AZ TO PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITITES TO ITS MEMBERS. 7 7 0 42 397251 60042 0 0 5173670 6084644 50349 64629 54806 70213 5278825 6219486 0 0 0 0 2310352 2511829 0 0 0 2755715 3018228 5066067 5530057 212758 689429 15065178 15128553 5208142 4568812 9857036 10559741 PROVIDED A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES TO ITS MEMBERS. 0 0 PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES TO 303 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 1 1 0 0 0 0 729375 364934 0 0 0 X 7 7 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 X TROON GOLF MANAGED PROPERTIES 4804770526 15044 N SCOTTSDALE ROAD SUITE 300 SCOTTSDALE AZ 85254 X BOB VON PENTZ PRESIDENT 5.00 X X 0 0 0 RAY TENNISON VICE PRESIDENT 5.00 X X 0 0 0 WILLIAM KELLY TREASURER 5.00 X X 0 0 0 DEBBIE WAYMIRE SECRETARY 5.00 X X 0 0 0 JIM GUILMART DIRECTOR 5.00 X 0 0 0 DAN YOUNGMAN DIRECTOR 5.00 X 0 0 0 MONTY SUMMA DIRECTOR 5.00 X 0 0 0 HEIMO BRANDSTATTER GENERAL MANAGER (STARTING JUNE '24) 40.00 X 0 0 0 RICH RIFFLE GENERAL MANAGER (ENDING JUNE '24) 40.00 X 0 0 0 0 0 0 0 0 0 0 TROON GOLF 15044 N SCOTTSDALE ROAD SCOTTSDALE AZ 85254 CLUB MANAGEMENT 147413 1 MEMBERSHIP DUES 713910 4881253 4881253 OTHER MEMBER SERVICES 713910 651421 651421 CART RENTALS / GREEN F 713910 417163 99785 317378 GOLF LESSONS 713910 76595 68642 7953 GOLF RANGE AND RENTALS 713910 58212 58212 6084644 64629 64629 381397 311184 70213 62922 7291 6219486 5822235 397251 0 2070826 398 281012 159593 128300 5738 34682 17077 34734 22783 750554 11285 4935 140509 760696 59305 UBIT 9729 LANDSCAPING AND GROUNDS 276574 TOURNAMENTS 190369 EQUIPMENT RENTAL AND MA 158205 412753 5530057 260048 491133 1205010 1291045 161627 155095 111546 122721 50943 40251 15651337 3704309 12226073 11947028 968897 1031572 81034 49708 15065178 15128553 360690 361785 1991 5810 3553256 3209819 1292205 991398 5208142 4568812 X 9857036 10559741 9857036 10559741 15065178 15128553 689429 13276 0 X 0 1 X 1 0 3307174 3307174 946273 704289 241984 676402 450587 225815 10721488 2549433 8172055 11947028 16739 MEMBERSHIP DEPOSITS 289752 MEMBER CREDITS AND CERTIFICATES 82510 THIRD-PARTY REIMBURSEMENTS 48778 OPERATING LEASE LIABILITY 49708 FINANCE LEASE LIABILITY 503911 991398 X 5780041 0 5780041 439445 439445 6219486 5700732 311184 311184 5389548 140509 140509 5530057 PART X, LINE 2: THE CLUB BELIEVES THAT THE ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBER CONTRIBUTION - TRANSFER FEES 686,000. INTEREST INCOME 64,629. COST OF GOODS SOLD -311,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 311,184. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 140,509. FORM 990, PART VI, SECTION A, LINE 3 TERRAVITA GOLF 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 $2,070,826 IN REIMBURSED SALARIES AND WAGES, $281,012 OF "EMPLOYEE" BENEFITS AND $159,593 OF PAYROLL TAXES. THE FOLLOWING INDIVIDUALS WERE DENTIFIED AS THE CLUB'S TOP MANAGEMENT OFFICIALS AND ARE LISTED AS OFFICERS IN PART VII. IN 2024, THEY RECEIVED COMPENSATION FROM TROON GOLF, LLC FOR THEIR SERVICES. RICH RIFFLE (ENDING JUNE 2024) - REPORTABLE COMP: $115,050 HEIMO BRANDSTATTER (STARTING JUNE 2024) - REPORTABLE COMP: $129,663 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS WITH THE RIGHTS TO ELECT THE DIRECTORS OF THE BOARD, APPROVE SIGNIFICANT DECISIONS OF THE BOARD AND RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS ARE ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE REGARDING ASSESSMENTS, INCREASE IN ANNUAL DUES, CHANGES TO THE BYLAWS, AND DISTRIBUTION OF ASSETS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY THE CLUB'S CONTROLLER AND IS MADE READILY AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION DOES NOT MAKE ITS DOCUMENTS AVAILABLE TO THE PUBLIC. ONLY GOLF MEMBERS HAVE ACCESS TO THE DOCUMENTS THROUGH THE WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS KEPT READILY AVAILABLE IN THE ACCOUNTING OFFICE OF THE CLUB.