ELCH501(c)(7) · MEDIUMNAICS 713910EIN 22-0880730
Echo Lake Country Club
Westfield, NJ · founded 1935
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.17M
▲ 0.5% YoY
FY23 Total Expenses
$11.24M
▲ 9.0% YoY
Operating Margin
-0.7%
revenue minus expenses ÷ revenue
Employees
250
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.2M
▲ 31.2% / 5y
Expenses
$11.2M
▲ 42.8% / 5y
Total Assets
$29.3M
▲ 46.8% / 5y
Total Liabilities
$7.3M
▲ 270.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.5M | $11.5M | $11.5M | $11.1M | $11.2M | +31.2% |
| Expenses | $7.9M | $9.0M | $9.0M | $10.3M | $11.2M | +42.8% |
| Net surplus | $640K | $2.5M | $2.5M | $794K | -$77K | -112.0% |
| Total assets | $19.9M | $28.9M | $28.9M | $29.3M | $29.3M | +46.8% |
| Total liabilities | $2.0M | $7.8M | $7.8M | $7.3M | $7.3M | +270.7% |
| Net assets | $18.0M | $21.1M | $21.1M | $22.0M | $22.0M | +22.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PATRICK FILLIAN COO/ DIRECTOR OF GOLF· 40h/wk | $264,250 | $34,331 |
BRIAN KAHL Director of Grounds· 40h/wk | $164,615 | $13,221 |
KATHERINE ROSE Controller· 40h/wk | $164,250 | $16,551 |
WAYNE FREW FACILITIES & EQUIPMENT MANAGER· 40h/wk | $137,616 | $21,372 |
SAMANTHA JOFFE CLUBHOUSE MANAGER· 40h/wk | $126,653 | $2,769 |
RAYMOND FERRARI Head Golf Professional· 40h/wk | $119,993 | $20,554 |
+ 15 unpaid officers/directors as reported (BRAD MELVIN, BRAD MILLER, BUDDY ROBINSON, +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 | $6,222,466 |
| INITIATION FEES | $740,347 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.8M
▼ $347K paid down
Net land, buildings & equipment
$26.8M
book value, net of depreciation
Facility age
22%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $170,741 |
| Occupancy | $915,411 |
| Depreciation & depletion | $1,258,449 |
| Information technology | $11,676 |
| Office expenses | $867,093 |
| Accounting fees | $26,520 |
| Other professional fees | $107,630 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ECHO LAKE COUNTRY CLUB 401(K) PLAN
pension · 106 participants · FY2024
EFounded in 1935, Echo Lake Country Club reported $11.17M of revenue for FY23, at an operating margin of -0.7%. Revenue moved up 0.5% 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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