OLLD501(c)(7) · MEDIUMNAICS 713910EIN 06-0478680
Old Lyme Country Club Inc
Old Lyme, CT · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.33M
▲ 12.3% YoY
FY23 Total Expenses
$1.88M
▲ 1.8% YoY
Operating Margin
19.5%
revenue minus expenses ÷ revenue
Employees
26
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.3M
▲ 41.4% / 5y
Expenses
$1.9M
▲ 18.9% / 5y
Total Assets
$2.5M
▲ 35.8% / 5y
Total Liabilities
$1.5M
▼ 13.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.6M | $1.6M | $1.8M | $2.1M | $2.3M | +41.4% |
| Expenses | $1.6M | $1.5M | $1.7M | $1.8M | $1.9M | +18.9% |
| Net surplus | $70K | $38K | $175K | $232K | $453K | +551.3% |
| Total assets | $1.8M | $1.7M | $1.7M | $1.9M | $2.5M | +35.8% |
| Total liabilities | $1.8M | $1.6M | $1.5M | $1.4M | $1.5M | -13.7% |
| Net assets | $34K | $72K | $247K | $479K | $932K | +2640.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MIKE IWANICKI General Manager· 40h/wk | $109,630 | — |
ROB BARBEAU Head Golf Professional· 40h/wk | $108,301 | — |
+ 13 unpaid officers/directors as reported (ANNE HEFTER, ANNE MULHOLLAND, BILL BELLUZZI, +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 | $2,045,871 |
| SPECIAL ASSESMENT | $173,403 |
| INITIATION FEES | $125,013 |
| GOLF | $61,076 |
| TENNIS | $36,009 |
OFounded in 1959, Old Lyme Country Club Inc reported $2.33M of revenue for FY23, at an operating margin of 19.5%. Revenue moved up 12.3% 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
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