NORF501(c)(7) · MEDIUMNAICS 713910EIN 04-1675810
Norfolk Golf Club
Westwood, MA · founded 1955
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$1.94M
▲ 12.5% YoY
FY24 Total Expenses
$1.78M
▲ 10.4% YoY
Operating Margin
8.4%
revenue minus expenses ÷ revenue
Employees
45
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$1.9M
▲ 48.8% / 5y
Expenses
$1.8M
▲ 32.5% / 5y
Total Assets
$4.6M
▲ 3.7% / 5y
Total Liabilities
$2.6M
▼ 0.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.3M | $1.3M | $1.5M | $1.7M | $1.9M | +48.8% |
| Expenses | $1.3M | $1.3M | $1.6M | $1.6M | $1.8M | +32.5% |
| Net surplus | -$38K | -$38K | -$115K | $115K | $163K | -529.9% |
| Total assets | $4.4M | $4.4M | $4.3M | $4.5M | $4.6M | +3.7% |
| Total liabilities | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | -0.0% |
| Net assets | $1.8M | $1.8M | $1.7M | $1.8M | $2.0M | +9.0% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
LINDA HEALY Board Treasurer· 10h/wk | $12,395 | — |
DAVID O'LEARY Board President· 10h/wk | $3,180 | — |
MATTHEW PATERSON Board Secretary· 10h/wk | $3,180 | — |
ROBERT WRIGHT VICE PRESIDE· 10h/wk | $3,180 | — |
+ 5 unpaid officers/directors as reported (CHARLES BEAN, DENNIS KELLEY, MARK CLAYMAN, +2 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| CART RENTAL/GREENS FEES | $171,027 |
| BAG ROOM STORAGE | $12,251 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$2.4M
▼ $63K paid down
Net land, buildings & equipment
$3.7M
book value, net of depreciation
Facility age
53%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $36,018 |
| Occupancy | $93,337 |
| Depreciation & depletion | $306,122 |
| Information technology | $9,805 |
| Office expenses | $7,131 |
| Accounting fees | $6,375 |
NFounded in 1955, Norfolk Golf Club reported $1.94M of revenue for FY24, at an operating margin of 8.4%. Revenue moved up 12.5% 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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