METU501(c)(7) · MEDIUMNAICS 713910EIN 22-1111107
Metuchen Golf & Country Club
Edison, NJ · founded 1971
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.65M
▲ 17.3% YoY
FY23 Total Expenses
$4.88M
▲ 9.4% YoY
Operating Margin
13.7%
revenue minus expenses ÷ revenue
Employees
135
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.7M
▲ 45.5% / 5y
Expenses
$4.9M
▲ 18.2% / 5y
Total Assets
$5.3M
▲ 58.1% / 5y
Total Liabilities
$5.2M
▲ 17.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.9M | $3.8M | $3.8M | $4.8M | $5.7M | +45.5% |
| Expenses | $4.1M | $3.5M | $3.5M | $4.5M | $4.9M | +18.2% |
| Net surplus | -$242K | $297K | $297K | $358K | $774K | -420.0% |
| Total assets | $3.3M | $2.6M | $2.6M | $3.8M | $5.3M | +58.1% |
| Total liabilities | $4.4M | $3.6M | $3.6M | $4.5M | $5.2M | +17.3% |
| Net assets | -$1.1M | -$1.1M | -$1.1M | -$694K | $75K | -106.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOSEPH E KUNTAR GENERAL MANAGER/COO· 40h/wk | $169,890 | $9,562 |
JASON OSTERHOUDT Golf Course Superintendent· 40h/wk | $121,020 | $9,562 |
+ 14 unpaid officers/directors as reported (ANDREW YOUNG, DAVID DECERBO, DEAN LANZA, +11 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 | $2,377,824 |
| CAPITAL FUND CONTRIBUTION | $321,910 |
| INITIATION FEES | $49,500 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.9M
▲ $491K new borrowing
Net land, buildings & equipment
$2.3M
book value, net of depreciation
Facility age
82%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $190,973 |
| Occupancy | $492,959 |
| Depreciation & depletion | $342,566 |
| Office expenses | $76,409 |
| Accounting fees | $19,500 |
| Other professional fees | $52,882 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
METUCHEN GOLF & COUNTRY CLUB 401K PLAN
pension · 86 participants · $437K assets · FY2024
MFounded in 1971, Metuchen Golf & Country Club reported $5.65M of revenue for FY23, at an operating margin of 13.7%. Revenue moved up 17.3% 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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