2026-09-10T19:06:07-05:00 2025-10-31 860985325 LOHMAN COMPANY PLLC 1630 S STAPLEY DR SUITE 110 MESA AZ 85204 990 2024-11-01 860047000 PHOENIX COUNTRY CLUB PHOE 4802423817 2901 NORTH 7TH STREET PHOENIX AZ 85014 RYAN LUKE PRESIDENT 4802423817 2026-09-08 1 1 DENNIS M HARE P01241957 4803551100 2026-09-08 2024 RYAN LUKE 2901 NORTH 7TH STREET PHOENIX AZ 85014 22402671 0 X PHOENIXCC.ORG X 1919 AZ TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 9 9 0 9 1844197 412280 0 0 17070861 18679913 371153 413280 2337620 2647030 19779634 21740223 0 0 0 0 8259832 8889418 0 0 0 9215779 9843160 17475611 18732578 2304023 3007645 25899068 29145125 17956209 18185237 7942859 10959888 TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS 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 21 0 1 0 1 1 0 0 0 0 2321065 1430917 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X TROON GOLF 4802423817 2901 NORTH 7TH STREET PHOENIX AZ 85014 RYAN LUKE PRESIDENT 5.00 X X 0 0 0 TOM GARDNER DIRECTOR 5.00 X 0 0 0 JILL ESTEP VICE PRESIDENT 5.00 X X 0 0 0 JOHN WELCH DIRECTOR 1.00 X 0 0 0 ROBERT LEONARD DIRECTOR 1.00 X 0 0 0 LYNN ZIOLKO SECRETARY 1.00 X X 0 0 0 GREG VALLADAO TREASURER 1.00 X X 0 0 0 RON CASTRO DIRECTOR, PAST PRESIDENT 1.00 X 0 0 0 WENDY WOUDENBERG DIRECTOR 1.00 X 0 0 0 MAX RASCON COO 40.00 X 250000 0 10126 PAUL GRIFFIN DIRECTOR OF GOLF 40.00 X 156600 0 7710 WILLIAM PARKER ASSISTANT GM 40.00 X 113352 0 7351 CRAIG WERLINE DIRECTOR OF AGRONOMY 40.00 X 198182 0 17860 ALEJANDRO MARTINEZ DIRECTOR OF CULINARY 40.00 X 156000 0 14712 874134 0 57759 5 0 1 0 0 MEMBERSHIP DUES 713910 9165473 9165473 BANQUET REVENUES 713910 4501699 4127741 373958 CAPITAL DUES 713910 2282100 2282100 GOLF SHOP 713910 1718115 956178 761937 FITNESS, TENNIS AND WIM 713910 665256 370234 295022 347270 347270 18679913 413280 413280 933675 662448 271227 271227 INITIATION AND TRANSFER FEES 713910 2321065 2321065 OTHER INCOME 900099 54738 54738 2375803 21740223 19896026 1844197 0 976081 6493442 816832 603063 200000 3516 28995 11958 205064 196873 978991 16503 4123 632654 2357526 171779 COGS - FUNCTIONAL EXPEN 1980890 REPAIRS AND MAINTENANCE 679700 LANDSCAPING & CHEMICALS 538018 CART & EQUIPMENT LEASES 500040 1336530 18732578 1245 988 10032319 13829260 725202 747978 612257 637940 513942 352621 41820117 29262970 13864210 12557147 149893 1019191 25899068 29145125 2891047 3000582 14287053 13674028 778109 1510627 17956209 18185237 X 7942859 10959888 7942859 10959888 25899068 29145125 3007645 9384 0 X X 0 1 X 0 0 357702 357702 23185530 18052127 5133403 8795262 5984005 2811257 5207101 3156893 2050208 4274522 2069945 2204577 12557147 OPERATING & FINANCING LEASES 1510627 1510627 X 15156168 0 15156168 6584055 6584055 21740223 16751688 0 16751688 1980890 1980890 18732578 PART X, LINE 2: THE CLUB IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, SO LONG AS NO MORE THAN 35% OF ITS GROSS RECEIPTS COME FROM SOURCES OUTSIDE OF ITS MEMBERSHIP, INCLUDING NO MORE THAN 15% OF ITS GROSS RECEIPTS FROM THE USE OF ITS FACILITIES BY NON-MEMBERS. IF SUCH THRESHOLDS WERE TO BE EXCEEDED, THE CLUB COULD LOSE ITS TAX-EXEMPT STATUS. HISTORICALLY, THE CLUB'S GROSS RECEIPTS FROM OUTSIDE OF ITS MEMBERSHIP HAVE NOT EXCEEDED SUCH THRESHOLDS AND THE CLUB DOES NOT EXPECT THAT THOSE THRESHOLDS WILL BE EXCEEDED IN THE FUTURE. THE CLUB IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON THE PORTION OF ITS BUSINESS RELATED TO THE USE OF ITS FACILITIES BY NON-MEMBERS AND ON ITS INVESTMENT INCOME. SUCH INCOME IS REFERRED TO AS UNRELATED BUSINESS TAXABLE INCOME OR "UBTI". THE CLUB ALSO EARNS FEDERAL TAX CREDITS FOR EMPLOYMENT TAXES IT PAYS ON TIP INCOME EARNED BY ITS EMPLOYEES AND ON TAXES PAID ON ITS FUEL PURCHASES. FOR THE YEAR ENDED OCTOBER 31, 2025, THE CLUB HAS NET INVESTMENT INCOME OF APPROXIMATELY $410,000. CLUBS EXEMPT UNDER 501(C)(7) CANNOT APPLY NON-MEMBER LOSSES AGAINST INVESTMENT INCOME WHEN CALCULATING NET UNRELATED BUSINESS INCOME. THE CLUB EVALUATED ITS VARIOUS HISTORICAL TAX POSITIONS AND CONCLUDED THAT IT HAD TAKEN NO POSITIONS THAT REQUIRE ADJUSTMENT TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES CAPITAL DUES INVENTORY COS REPORTED IN FUNCTIONAL EXP IN THE AUDITED FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: INVENTORY COS REPORTED IN FUNCTIONAL EXP IN THE AUDITED FINANCIAL STATEMENTS X X X 0 0 0 MAX RASCON COO 250000 0 0 0 0 0 10126 0 0 0 260126 0 0 0 CRAIG WERLINE DIRECTOR OF AGRONOMY 198182 0 0 0 0 0 17860 0 0 0 216042 0 0 0 ALEJANDRO MARTINEZ DIRECTOR OF CULINARY 156000 0 0 0 0 0 14712 0 0 0 170712 0 0 0 PAUL GRIFFIN DIRECTOR OF GOLF 156600 0 0 0 0 0 7710 0 0 0 164310 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY, TROON GOLF, IN REPLACEMENT OF UTILIZING ORGANIZATION EMPLOYEES. ALL FINANCIALS AND REPORTING IS STILL REVIEWED BY THE OFFICERS AND DIRECTORS OF THE PHOENIX COUNTRY CLUB. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A MEMBER BASED ORGANIZATION, EACH MEMBER IS A STOCKHOLDER. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS REQUIRE AN ACTIVE MEMBERSHIP VOTE: INDEBTEDNESS FOR CAPITAL IMPROVEMENTS, POWER TO MORTGAGE OR ENCUMBER, AND ANNUAL ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS SIGNED A CODE OF ETHICS THAT INCLUDES A CONFLICT OF INTEREST SECTION. THEY ANNUALLY REVIEW THE BIDDING PROCESS AND MONITOR ANY NEW PURCHASES AND CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED TO OTHER CLUBS IN THE AREA. INDEPENDENT STUDIES ARE CONTRACTED PERIODICALLY AS REQUESTED BY THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND APPROVES THE COMPENSATION PACKAGE OF THE CEO AND OTHER OFFICERS AND KEY EMPLOYEES AND MINUTES ARE KEPT OF THE DELIBERATION AND DECISION. THE COMPENSATION PROCESS WAS LAST ACCOMPLISHED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 ANY WRITTEN POLICIES OR DOCUMENTS ARE AVAILABLE UPON REQUEST. THE YEAR END AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS ON THE WEBSITE.