EKWA501(c)(7) · MEDIUMNAICS 713910EIN 03-0119660

Ekwanok Country Club

Manchester, VT · founded 1965
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$5.17M
▲ 6.4% YoY
FY23 Total Expenses
$4.78M
▲ 9.8% YoY
Operating Margin
7.5%
revenue minus expenses ÷ revenue
Employees
115
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$5.2M
▲ 26.8% / 5y
4.13.94.84.95.2
Expenses
$4.8M
▲ 23.2% / 5y
3.93.84.24.44.8
Total Assets
$9.4M
▲ 21.6% / 5y
7.77.98.69.19.4
Total Liabilities
$366K
▲ 21.2% / 5y
302393466485366

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$4.1M$3.9M$4.8M$4.9M$5.2M+26.8%
Expenses$3.9M$3.8M$4.2M$4.4M$4.8M+23.2%
Net surplus$198K$63K$647K$505K$389K+96.2%
Total assets$7.7M$7.9M$8.6M$9.1M$9.4M+21.6%
Total liabilities$302K$393K$466K$485K$366K+21.2%
Net assets$7.4M$7.5M$8.1M$8.6M$9.0M+21.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
ANDREW TARWATER
General Manager· 40h/wk
$142,500$7,370
TOM MACKEY
Head Golf Professional· 40h/wk
$125,000$5,527
ALDEN MADDOCKS
Golf Course Superintendent· 40h/wk
$124,000$27,837
THAD BUCK
Executive Chef· 40h/wk
$110,000$22,064

+ 25 unpaid officers/directors as reported (BILL PHILIP, BILL STERNS, BRIAN BAREFOOT, +22 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$2,843,179
INITIATION FEES$459,796
CAPITAL CHARGES$402,294

EFounded in 1965, Ekwanok Country Club reported $5.17M of revenue for FY23, at an operating margin of 7.5%. Revenue moved up 6.4% 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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click