2026-03-12T13:32:25-05:00 2025-04-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2024-05-01 850829370 HERMITAGE MEMBERS CLUB INC HERM 8022754225 10 GATEHOUSE TRAIL WILMINGTON VT 05363 MATTHEW CARTER CFO 8022754225 2026-03-11 1 1 KERRI RAWCLIFFE P01398485 4016216200 2026-03-11 2024 2025-03-06 01:10:19Z MATTHEW CARTER 10 GATEHOUSE TRAIL WILMINGTON VT 05363 16400459 0 X WWW.HERMITAGECLUB.COM X 2019 VT THE HERMITAGE CLUB AT HAYSTACK MOUNTAIN IS A PRIVATE MOUNTAIN CLUB OFFERING WINTER SPORTS RECREATION WITH EXCEPTIONAL SNOW QUALITY AND UNCROWDED SKI SLOPES, WITH A COMMITMENT TO FISCAL RESPONSIBILITY. WE ARE FAMILY-FOCUSED, AND FOSTER A WARM AND INVITING COMMUNITY WHERE OUR MEMBERS DEVELOP LASTING FRIENDSHIPS THROUGH A SHARED ENJOYMENT OF OUR ICONIC SKI LODGE, BEAUTIFUL MOUNTAIN TERRAIN, AND QUALITY AMENITIES. 10 10 420 75 606535 385104 0 21512 12369456 13499064 407201 463239 -418316 300506 12358341 14284321 0 0 0 0 2328060 4665710 0 0 0 7115267 6529459 9443327 11195169 2915014 3089152 23884888 26202535 2293540 2091310 21591348 24111225 HERMITAGE MEMBERS CLUB, INC., A VERMONT NON-PROFIT CORPORATION, IS ORGANIZED FOR THE PURPOSE OF OPERATING AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFITS OF ITS MEMBERS. 0 0 SNOW SPORTS - TO PROVIDE MEMBERS WITH A MULTITUDE OF RECREATIONAL OUTDOOR ACTIVITIES ON OUR PRIVATE 1,400 ACRE RETREAT. FOOD AND BEVERAGE OPERATIONS - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 420 1 1 1 0 0 0 0 2873811 222713 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X MATTHEW CARTER 8022754225 183 GATEHOUSE TRAIL WILMINGTON VT 05363 X CHRIS MILLIGAN DIRECTOR 5.00 X 0 0 0 LISA PACHECO ROBB DIRECTOR 5.00 X 0 0 0 ALEX NIVELLE DIRECTOR 5.00 X 0 0 0 JEREMY PICINNI DIRECTOR 5.00 X 0 0 0 CHRIS CROFT BOARD EMERITUS 5.00 X 0 0 0 JEFF KOSLOWSKY DIRECTOR 5.00 X 0 0 0 STUART KOVENSKY PRESIDENT 15.00 X 0 0 0 MEGAN HODGSON VICE PRESIDENT 5.00 X 0 0 0 JUSTIN BRADBURN TREASURER 5.00 X 0 0 0 TIM TREANOR SECRETARY 5.00 X 0 0 0 WILLIAM BENNEYAN EXECUTIVE DIRECTOR /GM 60.00 X 294231 0 0 PAUL JORDAN DIRECTOR OF CLUBHOUSE OPERATIONS 60.00 X 182116 0 0 AARON SHERRITT DIRECTOR OF MOUNTAIN OPERA 60.00 X 149558 0 0 MATTHEW CARTER CEO 40.00 X 108034 0 0 733939 0 0 4 0 1 0 PLIMPTON EXCAVATING PO BOX 65 WARDSBORO VT 05355 PAVING AND STREAMBANK STABILIZATION 312934 GREEN MOUNTAIN POWER 2152 POST ROAD RUTLAND VT 05701 ELECTRICAL - FANNIE HILL 256720 ROYAL ELECTRIC 33 CENTRAL STREET WOODSVILLE NH 03785 ELECTRICAL - BOOSTER PUMP STATION 242595 SERVPRO 140 OLD ROUTE 12 EAST WESTMORELAND NH 03467 RESTORATION AND CLEANING - CLUBHOUSE 216933 VANASSE HANGEN BRUSTLIN PO BOX 845179 BOSTON MA 02284 ENGINEERING - CULVERTS/ACT 250 204440 5 21512 21512 MEMBERSHIP DUES AND ASSESSMENTS 713990 8121044 8121044 INITIATION FEES 713990 2873811 2873811 SKI SCHOOL 713990 1090302 1086702 3600 MEMBER SERVICES & ACTIVITIES 713990 442887 442887 LOCKER REVENUE 713990 301750 301750 669270 575045 94225 13499064 409546 409546 115473 61780 53693 53693 -46307 100000 1830800 2054358 -223558 -222722 -836 INSURANCE PROCEEDS 713990 429287 429287 MISCELLANEOUS REVENUE 713990 94777 94777 524064 14284321 13656274 606535 0 626911 3608773 23493 406533 111238 15444 33350 12692 147097 32430 56821 152180 1373701 8601 26299 1340433 573665 REPAIRS & MAINTENANCE 1016711 SUPPLIES 232195 MEALS AND ENTERTAINMENT 211782 VALET 182640 1002180 11195169 5467936 2871667 3666 1497734 845615 366813 229770 269455 32469 304740 18581569 4401177 12816930 14180392 4144801 6373333 343701 338401 23884888 26202535 325657 178414 819750 844500 1148133 1068396 2293540 2091310 X 21591348 24111225 21591348 24111225 23884888 26202535 X 3089152 70725 -640000 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 727493 727493 5796552 725964 5070588 5750914 1942913 3808001 6306610 1732300 4574310 14180392 CBFD BOND 675000 CURRENT PORTION OF BONDS PAYABLE 75000 LONG TERM LEASE LIABILITY 313505 SHORT TERM LEASE LIABILITY 4891 1068396 X 16409404 70725 2054358 2125083 14284321 0 14284321 13249527 2054358 2054358 11195169 0 11195169 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,054,358. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,054,358. X X X X 0 0 0 WILLIAM BENNEYAN EXECUTIVE DIRECTOR /GM 294231 0 0 0 0 0 0 0 0 0 294231 0 0 0 PAUL JORDAN DIRECTOR OF CLUBHOUSE OPERATIONS 182116 0 0 0 0 0 0 0 0 0 182116 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB'S MEMBERSHIP IS COMPRISED OF THREE CLASSES: FOUNDER MEMBERS, JUNIOR MEMBERS, AND PLATINUM MEMBERS. MEMBERS WHO JOINED THE CLUB BY EXCHANGING ONE SHARE OF HERMITAGE CLUB MEMBER GROUP, INC. FOR THEIR MEMBERSHIP ARE DESIGNATED AS FOUNDER MEMBERS. ALL MEMBERS WHO JOIN AFTER APRIL 17, 2020 ARE DESIGNATED PLATINUM MEMBERS. THE JUNIOR MEMBERS WILL EVENTUALLY CONVERT TO PLATINUM MEMBERS BUT IS ESSENTIALLY FOR AGED OUT CHILDREN OF MEMBERS WHO WANT TO JOIN. PRO-RATED DUES AND INITIATION FEES WILL BE SPREAD OUT UNTIL THE MEMBER TURNS 32 AND THEN WILL CONVERT TO PLATINUM. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS HOLD THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. EACH MEMBER IN GOOD STANDING SHALL HAVE ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS ARE VOTED ON BY THE MEMBERS OF THE CLUB SUCH AS CAPITAL EXPENDITURES, SALE OF ASSETS, AND ELECTION OF BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR WILL REVIEW THE FORM 990 IN ITS ENTIRETY PRIOR TO ITS FILING AND ADVISE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A CONFLICT OF INTEREST POLICY THAT IS COMPLETED BY THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE REVIEWS THE SALARIES OF ALL FULL-TIME YEAR-ROUND EMPLOYEES INCLUDING THE CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S 990, FINANCIAL STATEMENTS & OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW BY MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUED 158 SHARES OF COMMON STOCK -400,000. REDEMPTION OF STOCK -240,000. PART XII, LINE 2C EXPLANATION THE CLUB DID NOT CHANGE ITS OVERSIGHT PROCESS FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 14 THE CLUB DOES NOT, AT THIS TIME, HAVE A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. THEY ARE IN THE PROCESS OF DEVELOPING SUCH POLICIES.