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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Ekwanok Country Club

Manchester, VT · founded 1965

13 filings on recordFY 2011–2023medium confidence

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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

Expenses

$4.8M

▲ 23.2% / 5y

Total Assets

$9.4M

▲ 21.6% / 5y

Total Liabilities

$366K

▲ 21.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$4.1M	$4.8M	$4.8M	$4.9M	$5.2M	+26.8%
Expenses	$3.9M	$4.2M	$4.2M	$4.4M	$4.8M	+23.2%
Net surplus	$198K	$647K	$647K	$505K	$389K	+96.2%
Total assets	$7.7M	$8.6M	$8.6M	$9.1M	$9.4M	+21.6%
Total liabilities	$302K	$466K	$466K	$485K	$366K	+21.2%
Net assets	$7.4M	$8.1M	$8.1M	$8.6M	$9.0M	+21.6%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
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 item	Amount
MEMBERSHIP DUES	$2,843,179
INITIATION FEES	$459,796
CAPITAL CHARGES	$402,294

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$6.2M

book value, net of depreciation

Facility age

62%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$66,412
Occupancy	$263,264
Depreciation & depletion	$507,414
Information technology	$57,765
Office expenses	$322,602
Accounting fees	$22,952
Other professional fees	$295,373

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

EKWANOK COUNTRY CLUB 401(K) PROFIT SHARING PLAN

pension · 36 participants · $2.1M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

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)

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