MIDV501(c)(7) · MEDIUMNAICS 713910EIN 16-0741923
Midvale Golf And Country Club Inc
Penfield, NY · founded 1953
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.60M
▲ 7.1% YoY
FY23 Total Expenses
$4.13M
▲ 17.1% YoY
Operating Margin
10.3%
revenue minus expenses ÷ revenue
Employees
45
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.6M
▲ 44.0% / 5y
Expenses
$4.1M
▲ 23.0% / 5y
Total Assets
$5.2M
▲ 136.9% / 5y
Total Liabilities
$4.4M
▲ 48.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.2M | $3.3M | $4.3M | $4.3M | $4.6M | +44.0% |
| Expenses | $3.4M | $3.5M | $3.5M | $3.5M | $4.1M | +23.0% |
| Net surplus | -$161K | -$264K | $766K | $766K | $471K | -392.0% |
| Total assets | $2.2M | $2.2M | $4.0M | $4.0M | $5.2M | +136.9% |
| Total liabilities | $3.0M | $3.3M | $3.7M | $3.7M | $4.4M | +48.7% |
| Net assets | -$791K | -$1.1M | $285K | $285K | $756K | -195.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHRISTOPHER GIBBS General Manager· 40h/wk | $127,867 | — |
+ 16 unpaid officers/directors as reported (AARON ANSELM, ANDREW CARPENTIER, ANGELO LOVULLO, +13 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 |
|---|---|
| GOLF AND GREENS FEES | $904,642 |
| GOLF CLUB STORAGE | $33,013 |
| LOCKER SERVICE | $31,706 |
| TENNIS AND POOL | $19,400 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.8M
▲ $318K new borrowing
Net land, buildings & equipment
$2.9M
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $53,715 |
| Insurance | $208,881 |
| Occupancy | $314,677 |
| Depreciation & depletion | $439,759 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $121,662 |
| Legal fees | $0 |
| Accounting fees | $11,700 |
| Other professional fees | $14,015 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MIDVALE COUNTRY CLUB PROFIT SHARING PLAN
pension · 9 participants · $847K assets · FY2024
MFounded in 1953, Midvale Golf And Country Club Inc reported $4.60M of revenue for FY23, at an operating margin of 10.3%. Revenue moved up 7.1% 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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