WALP501(c)(7) · MEDIUMNAICS 713910EIN 04-1943035
Walpole Country Club Inc
Walpole, MA · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.51M
▲ 0.8% YoY
FY23 Total Expenses
$4.15M
▲ 0.6% YoY
Operating Margin
7.9%
revenue minus expenses ÷ revenue
Employees
128
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 34.1% / 5y
Expenses
$4.2M
▲ 17.1% / 5y
Total Assets
$7.6M
▲ 34.6% / 5y
Total Liabilities
$3.9M
▲ 2.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $4.4M | $4.4M | $4.5M | $4.5M | +34.1% |
| Expenses | $3.5M | $3.7M | $3.7M | $4.1M | $4.2M | +17.1% |
| Net surplus | -$184K | $650K | $650K | $342K | $356K | -293.6% |
| Total assets | $5.7M | $6.7M | $6.7M | $7.9M | $7.6M | +34.6% |
| Total liabilities | $3.9M | $3.8M | $3.8M | $4.5M | $3.9M | +2.0% |
| Net assets | $1.8M | $2.8M | $2.8M | $3.3M | $3.7M | +103.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KEVIN WHALLEY Golf Course Superintendent· 40h/wk | $146,100 | — |
SEAN SWEENEY Board President· 10h/wk | $7,480 | — |
THOMAS ALIGHIERI TREASURER/SECRETARY· 10h/wk | $5,236 | — |
+ 9 unpaid officers/directors as reported (CHRISTOPHER RICCI, CRAIG NICHOLS, GARY MINSKY, +6 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 AND ASSESSMENTS | $4,383,005 |
| GREENS AND GOLF CARTS | $677,711 |
| OTHER REVENUE | $47,753 |
| LOCKER RENTAL | $30,140 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.7M
▼ $382K paid down
Net land, buildings & equipment
$6.8M
book value, net of depreciation
Facility age
62%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $86,538 |
| Occupancy | $323,033 |
| Depreciation & depletion | $502,310 |
| Information technology | $89,907 |
| Advertising & promotion | $383 |
| Office expenses | $8,663 |
| Accounting fees | $17,660 |
| Other professional fees | $16,700 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WALPOLE COUNTRY CLUB 401(K) PLAN
pension · 26 participants · $582K assets · FY2024
WFounded in 1942, Walpole Country Club Inc reported $4.51M of revenue for FY23, at an operating margin of 7.9%. Revenue moved up 0.8% 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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