MADI501(c)(7) · MEDIUMNAICS 713910EIN 06-0436540
Madison Country Club Inc
Madison, CT
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.80M
▲ 4.1% YoY
FY23 Total Expenses
$3.43M
▲ 4.4% YoY
Operating Margin
28.6%
revenue minus expenses ÷ revenue
Employees
47
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.8M
▲ 79.5% / 5y
Expenses
$3.4M
▲ 26.4% / 5y
Total Assets
$9.9M
▲ 61.3% / 5y
Total Liabilities
$2.9M
▲ 6.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $3.4M | $3.4M | $4.6M | $4.8M | +79.5% |
| Expenses | $2.7M | $3.0M | $3.0M | $3.3M | $3.4M | +26.4% |
| Net surplus | -$37K | $388K | $388K | $1.3M | $1.4M | -3778.7% |
| Total assets | $6.2M | $6.8M | $6.8M | $8.5M | $9.9M | +61.3% |
| Total liabilities | $2.8M | $2.7M | $2.7M | $2.8M | $2.9M | +6.0% |
| Net assets | $3.4M | $4.1M | $4.1M | $5.7M | $7.0M | +106.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MIKE CHRZANOWSKI Golf Course Superintendent· 40h/wk | $179,657 | $39,160 |
FRANK CARTA Head Golf Professional· 40h/wk | $142,052 | $31,875 |
+ 15 unpaid officers/directors as reported (DAN SKELLY, DAVE LABANARA, DAWN HUDSON BEACH, +12 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 | $2,245,288 |
| MEMBERSHIP ASSESSMENTS | $1,411,321 |
| INITIATION FEES | $181,288 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.7M
▲ $143K new borrowing
Net land, buildings & equipment
$8.2M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $76,062 |
| Occupancy | $209,923 |
| Depreciation & depletion | $420,696 |
| Office expenses | $38,407 |
| Accounting fees | $16,572 |
| Other professional fees | $55,192 |
MMadison Country Club Inc reported $4.80M of revenue for FY23, at an operating margin of 28.6%. Revenue moved up 4.1% 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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