TLHO501(c)(7) · MEDIUMNAICS 713910EIN 04-1902787
Thorny Lea Golf Club Inc
Brockton, MA · founded 1952
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.00M
▲ 6.3% YoY
FY23 Total Expenses
$3.64M
▲ 10.6% YoY
Operating Margin
8.9%
revenue minus expenses ÷ revenue
Employees
102
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.0M
▲ 23.8% / 5y
Expenses
$3.6M
▲ 26.9% / 5y
Total Assets
$8.7M
▲ 50.6% / 5y
Total Liabilities
$5.7M
▲ 31.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.2M | $3.9M | $3.9M | $3.8M | $4.0M | +23.8% |
| Expenses | $2.9M | $3.2M | $3.2M | $3.3M | $3.6M | +26.9% |
| Net surplus | $362K | $711K | $711K | $469K | $358K | -1.2% |
| Total assets | $5.8M | $7.5M | $7.5M | $8.4M | $8.7M | +50.6% |
| Total liabilities | $4.3M | $5.3M | $5.3M | $5.7M | $5.7M | +31.5% |
| Net assets | $1.5M | $2.2M | $2.2M | $2.7M | $3.0M | +106.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BROOKS PICKERING Golf Course Superintendent· 40h/wk | $149,534 | $702 |
RICHARD H CAMPBELL General Manager· 40h/wk | $149,356 | $203 |
+ 13 unpaid officers/directors as reported (BARBARA JANELLI, GEORGE LANE, GREG GOODWIN, +10 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 | $3,092,934 |
| GOLF ACTIVITY INCOME | $626,889 |
| OTHER PROGRAM REVENUE | $70,928 |
| BAG STORAGE INCOME | $38,875 |
| LOCKER RENTAL | $23,045 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.2M
▼ $253K paid down
Net land, buildings & equipment
$4.8M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $81,462 |
| Occupancy | $307,440 |
| Depreciation & depletion | $415,863 |
| Information technology | $63,169 |
| Advertising & promotion | $6,584 |
| Office expenses | $44,932 |
| Accounting fees | $14,654 |
| Other professional fees | $143,009 |
TFounded in 1952, Thorny Lea Golf Club Inc reported $4.00M of revenue for FY23, at an operating margin of 8.9%. Revenue moved up 6.3% 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
The Quarterly · free
Get Thorny Lea Golf Club Inc’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
WHARWarwick Hills Golf & Country Club
Revenue $4.0M — near your $4.0M
$4.0Mcompare →
ECRUElcona Country Club Inc County Rd 21 & Us 20 E Of Elkhart
Revenue $4.0M — near your $4.0M
$4.0Mcompare →
AUROAurora Country Club
Revenue $4.0M — near your $4.0M
$4.0Mcompare →
Same state · MA
CYBUThe Cummaquid Golf Club Of Yarmouth And Barnstable Inc
MA club · $4.1M
$4.1Mcompare →
FRANFranklin Country Club Inc
MA club · $4.2M
$4.2Mcompare →
NBEWCountry Club Of New Bedford
MA club · $3.7M
$3.7Mcompare →
Similar revenue mix
ATHEAthens Country Club
100% similar revenue mix
$2.3Mcompare →
VHALValley Hi Country Club
100% similar revenue mix
$5.5Mcompare →
BFIGBig Foot Country Club
100% similar revenue mix
$4.3Mcompare →
Same area · Brockton
BROCBrockton Country Club Inc
Brockton, MA
$682Kcompare →