2026-09-18T14:57:49-05:00 2026-04-30 994625061 CRI ADVISORS LLC 33 SW FLAGLER AVENUE STUART FL 34994 990 2025-05-01 591275620 TURTLE CREEK CLUB INC TURT 5617468371 2 CLUB CIRCLE TEQUESTA FL 33469 TONY CUTSHALL TREASURER 5617468371 2026-09-18 1 JOSEPH RISSE CPA P00708318 7722832356 2026-09-18 2025 TONY CUTSHALL 2 CLUB CIRCLE TEQUESTA FL 33469 11973746 0 X N/A X 1969 FL TO BIND ITS MEMBERS TOGETHER THROUGH RECREATION AND SOCIAL ACTIVITIES. 9 9 114 9 579620 297736 0 0 6318767 7033838 360918 307496 1023604 1025210 7703289 8366544 0 0 0 0 4551412 4917822 0 0 0 3326291 3345675 7877703 8263497 -174414 103047 23648695 27624913 2394726 2508757 21253969 25116156 TURTLE CREEK CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROVIDE SUPERIOR GOLF EXPERIENCES AND SOCIAL ACTIVITIES THAT FOSTER FRIENDSHIP AND CAMARADERIE AMONGST OUR MEMBERS AND THEIR GUESTS. 0 0 THE CLUB PROVIDES GOLF SERVICES, FOOD AND BEVERAGE SERVICES, AND OTHER SOCIAL ACTIVITIES TO APPROXIMATELY 400 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 4 0 1 114 1 1 1 0 0 0 1 1 0 392420 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X WILMA BORMUTH 5617468371 2 CLUB CIRCLE TEQUESTA FL 33469 JOSEPH O'CONNER PRESIDENT 1.00 X X 0 0 0 NICK DEROSA VICE PRESIDENT 1.00 X X 0 0 0 TONY CUTSHALL TREASURER 1.00 X X 0 0 0 RAJ KRISHNAAMY SECRETARY 1.00 X X 0 0 0 NANCY SAUNDERS DIRECTOR 1.00 X 0 0 0 ROY HART DIRECTOR 1.00 X 0 0 0 CHIP LUTZ DIRECTOR 1.00 X 0 0 0 JOHN FORD DIRECTOR 1.00 X 0 0 0 FRANK SCHETTINO DIRECTOR 1.00 X 0 0 0 WILMA BORMUTH CONTROLLER 50.00 X 182448 0 33077 JAMES T STRELEC GENERAL MANAGER 50.00 X 235959 0 55643 CLARENCE COVINGTON SUPERINTENDENT 50.00 X 203020 0 16095 THEODORE HILL HEAD GOLF PRO 50.00 X 170666 0 29158 PATRICK FAGEN EXECUTIVE CHEF 50.00 X 157935 0 15430 950028 0 149403 5 0 1 0 THE STAFFING GROUP 2731 COMMERICAL WAY MONTROSE CO 81401 STAFFING SERVICES 581276 LEGACY TURF GROUP LLC 2581 JUPITER PARK DR UNIT E-11 JUPITER FL 33458 TURF MAINTENANCE 251785 2 MEMBERSHIP DUES 713910 5663252 5663252 GOLF FEES 713910 678713 574126 104587 TRAIL FEES 713910 308673 308673 GOLF CART RENTAL 532000 263002 263002 ALL OTHER GOLF INCOME 713910 120198 120198 7033838 307496 307496 2594000 2594000 0 2026944 1013202 1013742 846205 167537 MISCELLANEOUS 713910 15777 15777 INTEREST RATE SWAP AGREEMENT 523000 -4309 -4309 11468 8366544 7786924 579620 0 659098 3451984 30693 776047 124492 865469 15746 361867 GREENS AND GROUNDS 903867 CAPITAL IMPROVEMENT EXP 403298 ADMIN & GENERAL 344491 OPERATING LEASE EXPENSE 326445 8263497 1561089 905345 687149 1530837 774825 791060 280797 323948 320004 351574 12912019 0 12822684 12912019 6631619 9895427 570528 914703 23648695 27624913 639674 642890 648378 648393 473782 177460 632892 1040014 2394726 2508757 X 21253969 25116156 21253969 25116156 23648695 27624913 X 103047 3759140 X X 0 1 X 1 0 1214390 1214390 1671608 1671608 10026021 10026021 12912019 LEASE LIABILITIES 965014 NONQUALIFIED DEFFERED COMPENSATION 75000 1040014 X 9379746 1013202 1013202 8366544 0 8366544 9276699 1013202 1013202 8263497 0 8263497 PART X, LINE 2: THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND TRANSITION. AS OF APRIL 30, 2026, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALITY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,013,202. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,013,202. X X X X 0 1 0 JAMES T STRELEC GENERAL MANAGER 205959 0 30000 0 0 0 29407 0 26236 0 291602 0 0 0 CLARENCE COVINGTON SUPERINTENDENT 183020 0 20000 0 0 0 6983 0 9112 0 219115 0 0 0 WILMA BORMUTH CONTROLLER 157448 0 25000 0 0 0 23965 0 9112 0 215525 0 0 0 THEODORE HILL HEAD GOLF PRO 150666 0 20000 0 0 0 20046 0 9112 0 199824 0 0 0 PATRICK FAGEN EXECUTIVE CHEF 137935 0 20000 0 0 0 6318 0 9112 0 173365 0 0 0 PART I, LINE 4B JAMES T. STRELEC $20,000 WILMA BORMUTH $16,667 THEODORE HILL $13,333 FORM 990, SCHEDULE J, PART I, LINE 4B AND PART II IN MAY 2025, THE CLUB ESTABLISHED A DEFERRED COMPENSATION PLAN CREATED IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 457(F) FOR CERTAIN KEY EMPLOYEES. THE EMPLOYEES ARE 0% VESTED IN ANY FUNDS UNTIL THE END OF THEIR RESPECTIVE TERM WHEN THEY BECOME 100% VESTED. FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2025, THE EMPLOYEES AND AMOUNTS ABOVE WERE ACCRUED UNDER THIS PLAN. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN C. FORM 990, PART V, LINE 2B THE ORGANIZATION HAS AN EMPLOYEE LEASING ARRANGEMENT WITH PAYCHEX, WHEREBY ALL OF THE ORGANIZATION'S EMPLOYEES ARE LEASED. ALL COMPENSATION REPORTED ON FORM 990 PART VII, FORM 990 PART IX AND SCHEDULE J REPRESENTS THE AMOUNTS PAID TO PAYCHEX, AN UNRELATED ORGANIZATON. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBER CATEGORIES HAVE VOTING PRIVILEGES: REGULAR FORM 990, PART VI, SECTION A, LINE 7B AMENDING, ALTERING, OR RESCINDING THE BYLAWS REQUIRES A 2/3 VOTE OF REGULAR MEMBERS. AMENDING, ALTERING, OR RESCINDING THE ARTICLES OF INCORPORATION REQUIRES A 3/4 VOTE OF THE REGULAR MEMBERS. REAL ESTATE OWNED BY THE CLUB SHALL NOT BE DISPOSED OF OR ANY MORTGAGES ALTERED, PREMATURELY RETIRED, OR TRANSFERRED WITHOUT THE APPROVAL OF 2/3 VOTE OF REGULAR MEMBERS. MAJOR CAPITAL PROJECTS EXCEEDING $200,000 ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE PRESIDENT, TREASURER, AND CONTROLLER. THESE INDIVIDUALS REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEWS OF ALL DEPARTMENT HEADS ARE PERFORMED BY THE PERSONNEL COMMITTEE AND ANNUAL REVIEWS ARE PERFORMED BY THE DEPARTMENT HEADS ON ALL STAFF. ANY CONFLICTS ARE REVIEWED BY DEPARTMENT HEADS AND THEN REVIEWED BY THE GENERAL MANAGER AS WELL AS THE PERSONNEL CHAIRMAN IF NEEDED. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON OF SIMILAR CLUBS AND SIMILAR POSITIONS IN THE AREA AS WELL AS COMPENSATION SURVEYS. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE AVAILABLE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS TO THE PUBLIC. FORM 990, PART XI, LINE 9: MEMBERSHIP CONTRIBUTIONS 3,759,140. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.