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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

HATH501(c)(7) · CONFIRMEDNAICS 713910EIN 04-2981443

Hatherly Golf Club Inc

N Scituate, MA · founded 1992

13 filings on recordFY 2011–2023high confidence

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FY23 Total Revenue

$5.38M

▲ 2.6% YoY

FY23 Total Expenses

$4.95M

▲ 16.6% YoY

Operating Margin

8.0%

revenue minus expenses ÷ revenue

Employees

106

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$5.4M

▲ 22.6% / 5y

Expenses

$5.0M

▲ 30.0% / 5y

Total Assets

$9.6M

▲ 55.1% / 5y

Total Liabilities

$1.1M

▲ 130.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$4.4M	$4.7M	$4.7M	$5.2M	$5.4M	+22.6%
Expenses	$3.8M	$4.0M	$4.0M	$4.2M	$5.0M	+30.0%
Net surplus	$586K	$626K	$626K	$1.0M	$432K	-26.2%
Total assets	$6.2M	$7.8M	$7.8M	$8.7M	$9.6M	+55.1%
Total liabilities	$481K	$665K	$665K	$638K	$1.1M	+130.6%
Net assets	$5.7M	$7.2M	$7.2M	$8.1M	$8.5M	+48.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KENNETH R JOHNSON JR Head Golf Professional· 40h/wk	$141,132	$27,615
RICHARD CAUGHEY Golf Course Superintendent· 40h/wk	$135,664	$10,799
JEFFREY HEYL Executive Chef· 40h/wk	$114,570	$28,099
JOSEPH FERRARI CLUBHOUSE MANAGER· 1h/wk	$102,353	$2,631

+ 11 unpaid officers/directors as reported (ANDREW BLANCHARD, DAN DEMMLER, DAVID PINKHAM, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Tanto Irrigation LLC ELMSFORD, NY	Construction & renovation	$226,000
Desalitech Inc CHICAGO, IL	Construction & renovation	$173,717

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBER DUES AND ASSESSMENTS	$3,258,251
GOLF	$534,712
TENNIS	$130,602
TOURNAMENT REVENUE	$100,930
MEMBER ASSESSMENTS	$85,750

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$5.3M

book value, net of depreciation

Facility age

44%

accumulated depreciation ÷ cost — higher = older plant

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	$163,194
Occupancy	$492,449
Depreciation & depletion	$457,946
Information technology	$46,811
Office expenses	$161,576
Legal fees	$62,137
Accounting fees	$22,050

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.

HFounded in 1992, Hatherly Golf Club Inc reported $5.38M of revenue for FY23, at an operating margin of 8.0%. Revenue moved up 2.6% 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 Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Sun Oct 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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