LIIT501(c)(7) · MEDIUMNAICS 713910EIN 06-0429830
Litchfield Country Club Incorporated
Litchfield, CT · founded 1965
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.27M
▼ 0.7% YoY
FY23 Total Expenses
$2.24M
▲ 20.6% YoY
Operating Margin
1.2%
revenue minus expenses ÷ revenue
Employees
89
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.3M
▲ 63.6% / 5y
Expenses
$2.2M
▲ 62.3% / 5y
Total Assets
$3.8M
▲ 380310600.0% / 5y
Total Liabilities
$2.0M
no prior year
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.8M | $1.8M | $2.3M | $2.3M | +63.6% |
| Expenses | $1.4M | $1.6M | $1.6M | $1.9M | $2.2M | +62.3% |
| Net surplus | $5K | $216K | $216K | $426K | $27K | +409.3% |
| Total assets | $1 | $2.3M | $2.3M | $3.5M | $3.8M | +380310600.0% |
| Total liabilities | $0 | $909K | $909K | $1.6M | $2.0M | — |
| Net assets | $0 | $1.4M | $1.4M | $1.8M | $1.8M | — |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
EDWARD KOHLER General Manager· 40h/wk | $104,280 | — |
+ 13 unpaid officers/directors as reported (ALAN SHERMAN, AMY MILLETTE, BENTLEY KING, +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 FEES | $1,579,863 |
| GOLF ACTIVITIES | $144,533 |
| TENNIS FEES | $100,905 |
| POOL FEES | $7,336 |
| PADDLE FEES | $5,627 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.6M
▲ $325K new borrowing
Net land, buildings & equipment
$3.2M
book value, net of depreciation
Facility age
38%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $71,167 |
| Occupancy | $327,971 |
| Depreciation & depletion | $124,502 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $5,463 |
| Legal fees | $2,330 |
| Accounting fees | $2,750 |
| Other professional fees | $0 |
LFounded in 1965, Litchfield Country Club Incorporated reported $2.27M of revenue for FY23, at an operating margin of 1.2%. Revenue moved down 0.7% 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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