2026-03-09T12:52:41-05:00 2025-10-31 050568611 SST ACCOUNTANTS & CONSULTANTS PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2024-11-01 750223180 DALLAS ATHLETIC CLUB DALL 2143894770 4111 DALLAS ATHLETIC CLUB DR DALLAS TX 75228 JUSTIN THOMPSON TREASURER 2143894770 2026-03-09 1 1 JEANETTE VERRELLI P00742631 9723921143 2024 2025-03-06 01:10:19Z WHITNEY RAGSDALE 4111 DALLAS ATHLETIC CLUB DR DALLAS TX 75228 24667911 0 X WWW.DALLASATHLETICCLUB.ORG X 1933 TX DALLAS ATHLETIC CLUB IS COMMITTED TO ENHANCING THE SOCIAL AND ATHLETIC LIFESTYLES OF OUR MEMBERS BY PROMOTING A CULTURE OF WARM HOSPITALITY, PERSONALIZED SERVICE, QUALITY AMENITIES AND RELEVANT PROGRAMS FOR THE DIVERSE NEEDS OF OUR MEMBERSHIP. 9 9 389 55 865689 70188 0 0 16595278 18520386 151500 22967 2487895 2822140 19234673 21365493 755 4477 0 0 10615426 10918760 0 0 0 7861921 8487851 18478102 19411088 756571 1954405 30787011 32632750 15448222 15339556 15338789 17293194 DALLAS ATHLETIC CLUB IS COMMITTED TO ENHANCING THE SOCIAL AND ATHLETIC LIFESTYLES OF OUR MEMBERS BY PROMOTING A CULTURE OF WARM HOSPITALITY, PERSONALIZED SERVICE, QUALITY AMENITIES AND RELEVANT PROGRAMS FOR THE DIVERSE NEEDS OF OUR MEMBERSHIP. 0 0 THE CLUB MAINTAINS A PRIVATE GOLF COURSE FOR THE USE OF ITS MEMBERS AND THEIR GUESTS IN ADDITION TO VARIOUS CLUB AND MEMBER TOURNAMENTS. A COMPLETE PRO SHOP IS ALSO PROVIDED. THE CLUB PROVIDES TENNIS FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. CLUB PROFESSIONALS TEACH TENNIS LESSONS AND HOLD LOCAL TOURNAMENTS FOR MEMBERS FOR ADDITIONAL ASSESSMENTS. THE CLUB MAINTAINS SWIMMING FACILITIES FOR ITS MEMBERS IN ADDITION TO TEACHING SWIMMING LESSONS. MEMBER AND OTHER OUTSIDE GROUPS MAY RENT THE FACILITY FOR PRIVATE PARTIES. THE CLUB MAINTAINS FITNESS FACILITIES FOR ITS MEMBERS OFFERING EXERCISE, FITNESS, WELLNESS AND PERSONAL TRAINING WITH WEIGHTS, EQUIPMENT, INDIVIDUAL AND GROUP LESSONS. MASSAGE AND GOLF PERFORMANCE PROGRAMS ARE ALSO OFFERED. 0 0 0 0 0 0 0 0 1 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 68 0 1 389 1 1 1 0 0 0 0 2492401 794501 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CASSANDRA THAMES CFO 9722793671 4111 DALLAS ATHLETIC CLUB DRIVE DALLAS TX 75228 WHITNEY RAGSDALE PRESIDENT/DIRECTOR 10.00 X X 0 0 0 SCOTT DOOLEY DIRECTOR 2.00 X 0 0 0 DAVID BROCK DIRECTOR 2.00 X 0 0 0 CHARLIE MILNER SECRETARY/DIRECTOR 10.00 X X 0 0 0 TIM O'BRIEN FIRST VICE-PRESIDENT/DIRECTOR 5.00 X X 0 0 0 KIM ELLIOTT DIRECTOR 2.00 X 0 0 0 JUSTIN THOMPSON TREASURER/DIRECTOR 5.00 X X 0 0 0 KRIS MOLDOVAN SECOND VICE-PRESIDENT/DIRECTOR 5.00 X X 0 0 0 PAUL BROOME DIRECTOR 2.00 X 0 0 0 BRENT BURKHART GENERAL MANAGER 50.00 X 375264 0 162109 CASSANDRA THAMES CFO 50.00 X 192500 0 17207 LANCE PATTERSON DIRECTOR OF GOLF 40.00 X 259917 0 35566 TRAVIS MOORE COURSE SUPERINTENDENT 50.00 X 260763 0 38286 NATALIA PRINZ TENNIS DIRECTOR 40.00 X 216348 0 14992 MICHAEL LAMPING EXECUTIVE CHEF 50.00 X 172773 0 18068 PHIL CALLAHAN FOOD/BEVERAGE DIRECTOR 40.00 X 163751 0 15810 1641316 0 302038 18 0 1 0 EAST TEXAS HOME BUILDERS INC 1080 EUBANKS RD COMBINE TX 75159 CONSTRUCTION SERVICES 162787 LESLIE FOSTER INTERIORS LLC 405 BRIDLEWOOD S COLLEYVILLE TX 76034 INTERIOR DESIGN SERVICES 130066 2 MEMBERSHIP DUES 713910 13117922 13117922 INITIATION FEES AND OTHER 713910 2492401 2492401 GOLF GREEN FEES 713910 1687826 1687826 TENNIS 713910 771969 771969 LOCKER ROOM AND FITNESS 713910 256306 256306 193962 193962 18520386 71188 71188 48221 -48221 -48221 -48221 6037406 3254197 2783209 1988708 794501 MISCELLANEOUS 713910 38931 38931 38931 21365493 20548025 865689 -48221 4477 648956 8092057 85485 1294871 797391 84828 32683 76016 155367 1378639 88661 2659203 156113 50816 361897 2815981 390732 MEMBER RELATIONS 110455 LAUNDRY SERVICE 110392 BAD DEBT EXPENSE 16068 19411088 2694788 2151068 4216817 2088005 2447148 2475387 697162 747013 440816 485243 51137786 26849177 19635285 24288609 654995 397425 30787011 32632750 3145294 3224226 1125489 1714593 10426301 9962114 751138 438623 15448222 15339556 X 15338789 17293194 15338789 17293194 30787011 32632750 1954405 0 X 0 1 X 1 0 3823922 2434757 1389165 3661665 162257 3823922 2550000 1111665 3661665 2550000 2550000 2550000 2550000 1.00000 0 0 119611 119611 15526623 10157684 5368939 272392 126540 145852 8511832 5168234 3343598 26707328 11396719 15310609 24288609 DEFERRED RENT 41199 OPERATING LEASE LIABILITY 397424 438623 X 24619690 3254197 3254197 21365493 0 21365493 22665285 3254197 3254197 19411088 0 19411088 PART V, LINE 4: AMOUNTS DESIGNATED BY THE CLUB'S LEADERSHIP ARE FOR: SATISFYING DEBT COVENANTS: $500,000 FUTURE USE $889,165 TOTAL $1,389,165 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR ACCRUED IN THE STATEMENTS OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE CLUB ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($3,254,197) PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($3,254,197) X X X X X 1 1 0 BRENT BURKHART GENERAL MANAGER 328281 0 46983 0 0 0 139554 0 22555 0 537373 0 0 0 TRAVIS MOORE COURSE SUPERINTENDENT 236428 0 24335 0 0 0 12153 0 26133 0 299049 0 0 0 LANCE PATTERSON DIRECTOR OF GOLF 237455 0 0 0 22462 0 9548 0 26018 0 295483 0 0 0 NATALIA PRINZ TENNIS DIRECTOR 206348 0 10000 0 0 0 4786 0 10206 0 231340 0 0 0 CASSANDRA THAMES CFO 172500 0 20000 0 0 0 6580 0 10627 0 209707 0 0 0 MICHAEL LAMPING EXECUTIVE CHEF 157023 0 15750 0 0 0 7862 0 10206 0 190841 0 0 0 PHIL CALLAHAN FOOD/BEVERAGE DIRECTOR 148581 0 15170 0 0 0 7086 0 8724 0 179561 0 0 0 PART I, LINES 4A-B PART I, LINE 4A: LANCE PATTERSON RECEIVED A SEVERANCE PACKAGE IN THE AMOUNT OF $96,586.30 FOR THE PERIOD OF 11/1/2024-4/30/2025, OF WHICH HE RECEIVED $22,461.93 DURING THE 2024 CALENDAR YEAR. THE REMAINING WAS PAID OUT DURING THE 2025 CALENDAR YEAR AND REPORTED ON HIS W2. PER PATTERSON'S EMPLOYMENT AGREEMENT HIS EMPLOYMENT CONTRACT WAS NOT RENEWED ON 11/1/24 AND HE WAS ENTITLED TO SIX MONTHS OF SEVERANCE PAY. PART I, LINE 4B THE GENERAL MANAGER'S PLAN WAS A NONQUALIFIED DEFERRED COMPENSATION PLAN. PER THE AGREEMENT, IT STATES THAT THE PLAN IN INTENDED TO BE AN INELIGIBLE PLAN WITHIN THE MEANING OF CODE SECTION 457(F). AND IS NOT A QUALIFIED PLAN UNDER CODE SECTIONS 401(A) OR 403(B). PLAN PARTICIPANT: BRENT BURKHART AMOUNT INCLUDED IN DEFERRED COMPENSATION IS $124,404.75 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. THE CLASSES OF MEMBERSHIPS ARE AS FOLLOWS: VOTING: RESIDENT GOLF BUSINESS GOLF SENIOR RESIDENT GOLF LIFE NON-VOTING: BUSINESS ASSOCIATION GOLF JUNIOR RESIDENT GOLF NON-RESIDENT GOLF SENIOR NON-RESIDENT GOLF SENIOR GOLF TENNIS WIDOW GOLF ATHLETIC HONORARY FORM 990, PART VI, SECTION A, LINE 7A THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING THE BOARD OF DIRECTORS. EACH YEAR THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY. EACH MEMBER IS ASKED TO SIGN THE COPY, LISTING ANY BUSINESS TRANSACTIONS WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST. DISINTERESTED BOARD MEMBERS AND OFFICERS REVIEW DISCLOSURES AND ANY DIRECTOR WITH A CONFLICT ABSTAINS FROM RELATED DISCUSSIONS AND VOTES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A COMP REVIEW PROCESS FOR TOP MANAGEMENT OFFICIAL. A COMPENSATION COMMITTEE DETERMINES PAY SCALES, REVIEWS INDUSTRY COMPARISONS FOR THE DALLAS/FT. WORTH AREA AND MAKES RECOMMENDATIONS FOR PAY INCREASES AND ANNUAL BONUS PAYMENTS. RECENTLY, THE CLUB USED A THIRD PARTY TO ACCUMULATE DATA AND ESTABLISH PERFORMANCE STANDARDS. SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. LINE 15B COMP REVIEW PROCESS FOR OTHER OFFICERS. THE GENERAL MANAGER DETERMINES PAY SCALES, REVIEWS INDUSTRY COMPARISONS FOR THE DALLAS/FT. WORTH AREA AND MAKES RECOMMENDATIONS FOR PAY INCREASES AND ANNUAL BONUS PAYMENTS. RECENTLY, THE CLUB USED A THIRD PARTY TO ACCUMULATE DATA AND ESTABLISH PERFORMANCE STANDARDS. THE GENERAL MANAGER APPROVES SALARIES FOR OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE FOR DISPLAY AT THE CLUB'S OFFICE. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST, ARE POSTED ON THE CLUB'S WEBSITE, AND AVAILABLE FOR DISTRIBUTION IN THE MAIN CLUBHOUSE AREAS.