FRAN501(c)(7) · MEDIUMNAICS 713910EIN 04-1342215
Franklin Country Club Inc
Franklin, MA · founded 1969
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.19M
▼ 8.1% YoY
FY23 Total Expenses
$4.05M
▼ 0.0% YoY
Operating Margin
3.4%
revenue minus expenses ÷ revenue
Employees
214
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.2M
▲ 16.7% / 5y
Expenses
$4.0M
▲ 20.7% / 5y
Total Assets
$8.1M
▲ 2.0% / 5y
Total Liabilities
$4.1M
▼ 18.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.6M | $3.6M | $3.9M | $4.6M | $4.2M | +16.7% |
| Expenses | $3.4M | $3.4M | $3.5M | $4.0M | $4.0M | +20.7% |
| Net surplus | $237K | $237K | $461K | $512K | $142K | -40.1% |
| Total assets | $7.9M | $7.9M | $8.1M | $8.3M | $8.1M | +2.0% |
| Total liabilities | $5.1M | $5.1M | $4.8M | $4.5M | $4.1M | -18.8% |
| Net assets | $2.9M | $2.9M | $3.3M | $3.8M | $4.0M | +39.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 18 unpaid officers/directors as reported (ANTHONY CORNETTA, ANTHONY COSTA, BETTY ANN WAKELY, +15 more)
All 18 listed officers reported $0 compensation — volunteer board.
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 & Assessments | $3,289,494 |
| CART RENTAL INCOME | $438,875 |
| COURSE FEES | $401,183 |
| LOCKER ROOM FEES | $22,840 |
| POOL FEES | $9,950 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.0M
▼ $283K paid down
Net land, buildings & equipment
$4.5M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $0 |
| Occupancy | $0 |
| Depreciation & depletion | $477,072 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $0 |
| Other professional fees | $0 |
FFounded in 1969, Franklin Country Club Inc reported $4.19M of revenue for FY23, at an operating margin of 3.4%. Revenue moved down 8.1% 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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