Nicholas Gerstner, CMP, CFE

Chief Financial Officer at THE DESERT HIGHLANDS ASSOCIATION
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Contact Information
us****@****om
(386) 825-5501
Location
Scottsdale, Arizona, United States, US

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Tripp Powell

Nick and I attended Shorter together and he has a tremendous work ethic. He is always trying to get better at whatever he is doing and would be a valuable addition to a company.

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Credentials

  • BMI General Manager/Chief Operating Officer
    Club Management Association of America
    Sep, 2022
    - Oct, 2024

Experience

  • THE DESERT HIGHLANDS ASSOCIATION
    • United States
    • Golf Courses and Country Clubs
    • 1 - 100 Employee
    • Chief Financial Officer
      • Apr 2022 - Present

      Home to the inaugural skins game on the PGA Tour, Desert Highlands sets the standard for exceptional desert living. 563 homes sit at the base of Pinnacle Peak and create a place of connections and camaraderie, where the spirit of togetherness is cultivated through the member owned community. Desert Highlands was Jack Nicklaus’ first design in Arizona and set the bar for desert golf experiences. The Desert Highlands Racquet Club sports 13 tennis courts featuring all three Grand Slam surfaces- grass, clay, and hard. Desert Highlands’ energetic lifestyle draws discerning families who love a community containing golf, tennis, health and wellness combined with the beauty of the Sonoran Desert. Desert Highlands, a 5-Star Platinum Club of America, ranks 12th in the top 50 Golf Clubs by the Club Leaders Forum. During my tenure as Chief Financial Officer some of my achievements have included: • Oversee an operation that produces over $21 million in annual revenue with responsibilities over Club and HOA operations. • Worked with Board, sub-committees, and management team on revising the vision, mission, and core values of the community. • Increased member connection and transparency by hosting member forums on economic challenges facing the community and aspirational capital projects. • Created materials to help educate new Board and Committee members on the intricacies of managing a private member owned club. • Increased transparency and understanding of financial reporting through charts and graphs. • Lead the Board of Directors, Finance and Facilities Committee on KPI’s that drive the net worth of the community to help drive home values. • Facilitated an investment strategy by working with the Finance and Facilities Committee and Vice President of Commerce Bank to earn investment income while maintaining zero banking fees. • Enhanced the Racquet Club through aspirational capital investment of two additional pickleball courts. Show less

  • Arizona Country Club
    • United States
    • Hospitality
    • 1 - 100 Employee
    • Director of Finance
      • Jan 2019 - Apr 2022

      Home to over 1100 members, the Arizona Country Club is a private, member owned club known as the top family club in the state. The Club not only has a rich history through its hosting of the Phoenix Open in the 1960s but also has been able to transform itself into a club where families feel welcome and at home. Rated a “5-Star Platinum Club of America” by the Club Leaders Forum and an “Emerald – Distinguished Club” by The Boardroom Magazine, Arizona Country Club mixes incredible facilities and programming with attentive, warm service. This combination along with a terrific member culture that consists of pride, energy and a commitment to having fun creates an unparalleled experience for our members, their families and guests. During my tenure as Director of Finance some of my achievements included: • In 2020 achieved 5-Star Platinum Club status for the first time in club history (awarded to the Top 150 Country Clubs in the USA). • Oversaw an operation that produced over $19 million in overall revenues, including over $4.5 million in Food and Beverage revenues. • Developed and implemented, AZ Leadership 46 a leadership training program for managers, supervisors and up and coming leaders at Arizona Country Club to continue to develop and reach their career goals. • Assisted in managing a $2.7M pool renovation project working with internal Managers, Club President, Sports and Recreation Committee Chair, and vendors. (No assessment) • Helped drive change in capital financing model that fully funds depreciation and allows future initiation fees to be reserved for aspirational capital improvements. The Club developed a 10-year waitlist during my tenure and the financing model will help to avoid capital assessments in the future. • Managed the Club financially through the pandemic by exceeding budgeted net income while continuing to support employees financially without consideration of ERC credits received. Show less

  • Troon
    • United States
    • Hospitality
    • 700 & Above Employee
    • Senior Financial Analyst
      • Aug 2016 - Jan 2019

      Troon is recognized as the world-wide leader in golf and club managementGeneral Overview: Supported the financial analysis and planning functions for the managed properties portfolio. Analyzed contracts, developed and prepared internal reports for senior management. Assisted in the reporting and analysis function for the corporate office. Essential Duties:• Prepared weekly and monthly internal reports on managed properties to senior management.• Improved and maintained forecasting and budgeting tools for the property accounting team.• Provided financial analysis support to senior leadership on key business components, including operating property analysis.• Provided financial analysis that evaluated company performance and strategy.• Managed corporate statistics such as facility information, comps and course statistics.• Prepared and maintained customized financial statements and other financial models, at both the property and corporate level.• Provided adhoc analysis for the VP of Finance on topics including but not limitted to: Contract retention, property performance, corporate performance, and contract profitability. Show less

    • Regional Controller
      • Aug 2014 - Aug 2016

      General Purpose:Oversee accounting function to include but not limited to: auditing, budgeting, taxes, preparation of financial statements and recordkeeping for 10 different clubs.

  • Billy Casper Golf
    • United States
    • Spectator Sports
    • Accountant
      • Mar 2012 - Aug 2014

      Manage various financial and tax accounting projects • Prepare daily collaborative accounting work for 12 golf courses nationwide • Complete compilation reports with financial statements for each month and year end • Manage cash flow for the operation of 12 golf courses nationwide • Prepare end of month, quarter, and year sales and amusement tax returns. • Manage payroll processing for 50 golf courses • Work with external and internal auditors during review/audit process • Created new company wide policies and procedures for Sales and Use Tax • Extensive research of Sales and Use Tax • Led company wide training webinars • Trained Accounting Department through presentations • Accountant for the "World's Largest Golf Outing" an event supporting the Wounded Warrior Project that brought in gross donations of 750,000 in 2013. Show less

  • Cordasco and Company, PC
    • United States
    • Accounting
    • 1 - 100 Employee
    • Staff Accountant
      • Aug 2011 - Mar 2012

      Manage various tax and financial accounting projects • Prepare daily collaborative accounting work for online clients • Complete compilation reports with financial statements for over 40 clients • Prepare tax returns for individuals, corporations, partnerships, and not-for-profit organizations • Prepare end of month, quarter, and year sales tax returns and deposits • Prepare end of month, quarter, and year payroll tax returns and deposits • Address tax correspondences from the IRS for clients Show less

  • Long Cove Club – Hilton Head Island, SC
    • Financial Analyst
      • Apr 2010 - May 2010

      • Assigned a remaining useful life and net book value to over 600 capital assets • Created an asset replacement schedule on the amenities of community, golf, pool, marina, clubhouse, and tennis for a 20 year period • Forecasted discretionary major expenditures and non-discretionary expenditures for a 20 year period • Created a cash flow model for 20 years to display relationships between anticipated revenue streams and expenditures • Used pivot charts in Excel to display a forecast of expenditures filtered by amenity, expenditure type, year, and percentage of total expenditures • Prioritized asset replacements by using pivot charts in Excel • Forecasted the percentage of each capital dollar that should be funded for capital asset replacement of 5 year intervals for 20 years using pivot charts • Consulted to the Chief Financial Officer and Chief Operating Officer on creating and applying pivot charts in Excel Show less

  • Stonebridge Golf Club
    • United States
    • Spectator Sports
    • 1 - 100 Employee
    • Assistant General Manager
      • Apr 2008 - Dec 2009

      Supervised afternoon staff of ten employees to assist in maintaining member retention and relations. • Directed staff members in job responsibilities of closing cart barn, running point of sale software, and customer relations displaying my ability to delegate and manage • Increased revenue by obtaining new members, sale of merchandise, and arranging golf outings. • Helped in scheduling, organizing, and hosting over fifty golf tournaments by creating tee times, staging carts, applying revenue to correct accounts showing that I can complete a project and meet deadlines • Organized merchandise of clothing, gloves, balls, shoes, clubs, tees, and hats to create an appealing atmosphere for revenue of 50,000 in merchandise alone • Recorded daily transactions of tee times and revenue on point of sale software of over 30,000 rounds a year • Helped in recording the daily transactions into month in revenue statements for Billy Casper's Golf by using accounting software to insure correctness • Trained and supervised new employees in proper procedures of both the pro shop and cart barn showcasing my ability to lead • Supervised the course to insure safety and course rules were followed by all individuals because safety and responsibility are the first priority Show less

  • Shorter College
    • United States
    • Higher Education
    • 1 - 100 Employee
    • Assistant Director of Athletic Events
      • Jul 2007 - Dec 2007

      Facilitated sporting events for six NAIA collegiate teams and Shorter College events • Assisted in development of multiple strategies to increase school moral and attendance at athletic events showcasing my ability to problem solve • Supported teams with correct equipment to perform athletically so that players are protected and safe • Prepared venues to create safe environments for athletics and Shorter College events • Corresponded with Athletic Director and coaches to coordinate events showing that I know how to follow directions and complete tasks • Assisted in NAIA national championship football game of 2007 Show less

    • Assistant Strength and Conditioning Coach
      • Jul 2006 - Apr 2007

      Implemented training routines for seven NAIA collegiate teams • Created detailed documents for weight and conditioning programs with proper weight increments, sets, and reputations. • Ensured safety by coaching athletes on correct lifting techniques before athletes started the program • Supervised two student workers on how to create a safe, clean facility with proper placement of weights, cleaning of equipment, and repairing weights and machines to work properly Implemented training routines for seven NAIA collegiate teams • Created detailed documents for weight and conditioning programs with proper weight increments, sets, and reputations. • Ensured safety by coaching athletes on correct lifting techniques before athletes started the program • Supervised two student workers on how to create a safe, clean facility with proper placement of weights, cleaning of equipment, and repairing weights and machines to work properly

Education

  • Georgia Southern University - College of Business Administration
    Macc, Accounting with Forensic Concentration
    2010 - 2011
  • Shorter University
    B.A., Accounting C.P.A. Minor in Fraud Examination
    2005 - 2009

Community

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