WIAT501(c)(7) · MEDIUMNAICS 713910EIN 01-0204920
Waterville Country Club Incorporated
Oakland, ME · founded 1972
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.20M
▼ 8.5% YoY
FY23 Total Expenses
$1.10M
▼ 4.1% YoY
Operating Margin
7.9%
revenue minus expenses ÷ revenue
Employees
71
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.2M
▲ 28.0% / 5y
Expenses
$1.1M
▲ 5.7% / 5y
Total Assets
$1.7M
▲ 63.9% / 5y
Total Liabilities
$458K
▲ 135.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $935K | $1.3M | $1.3M | $1.3M | $1.2M | +28.0% |
| Expenses | $1.0M | $1.1M | $1.1M | $1.1M | $1.1M | +5.7% |
| Net surplus | -$107K | $227K | $227K | $160K | $95K | -189.0% |
| Total assets | $1.0M | $1.5M | $1.5M | $1.4M | $1.7M | +63.9% |
| Total liabilities | $194K | $436K | $436K | $222K | $458K | +135.6% |
| Net assets | $844K | $1.0M | $1.0M | $1.1M | $1.2M | +47.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
NICHOLAS PELOTTE GENERAL MANA· 40h/wk | $98,773 | — |
+ 12 unpaid officers/directors as reported (ANDREW GLASHEEN, BEN GRANT, DEREK GERVAIS, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES | $844,747 |
| CART RENTALS | $171,931 |
| GUEST/GREEN FEES NONMEMBERS | $79,825 |
| TOURNAMENT FEES | $42,232 |
| CART RENTALS NONMEMBERS | $39,808 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$110K
▼ $31K paid down
Net land, buildings & equipment
$648K
book value, net of depreciation
Facility age
83%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $20,805 |
| Occupancy | $7,363 |
| Depreciation & depletion | $88,129 |
| Information technology | $33,927 |
| Accounting fees | $18,991 |
WFounded in 1972, Waterville Country Club Incorporated reported $1.20M of revenue for FY23, at an operating margin of 7.9%. Revenue moved down 8.5% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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