NAOR501(c)(7) · MEDIUMNAICS 713910EIN 23-7089810
North Andover Country Club
N Andover, MA · founded 1971
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.84M
▲ 15.1% YoY
FY23 Total Expenses
$2.78M
▲ 10.3% YoY
Operating Margin
2.0%
revenue minus expenses ÷ revenue
Employees
111
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.8M
▲ 19.5% / 5y
Expenses
$2.8M
▲ 28.8% / 5y
Total Assets
$6.7M
▲ 83.7% / 5y
Total Liabilities
$3.7M
▲ 256.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.4M | $2.4M | $2.4M | $2.5M | $2.8M | +19.5% |
| Expenses | $2.2M | $2.2M | $2.2M | $2.5M | $2.8M | +28.8% |
| Net surplus | $215K | $157K | $157K | -$58K | $57K | -73.5% |
| Total assets | $3.7M | $7.3M | $7.3M | $6.9M | $6.7M | +83.7% |
| Total liabilities | $1.0M | $4.3M | $4.3M | $3.9M | $3.7M | +256.6% |
| Net assets | $2.6M | $3.0M | $3.0M | $3.0M | $3.0M | +15.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BOYD HOLK General Manager· 45h/wk | $70,769 | — |
KARA REARDON CHIEF FINANCIAL PERSON· 40h/wk | $60,657 | — |
+ 11 unpaid officers/directors as reported (COLLEEN DIAS, ERIC EGERTSON, GREGORY JOHNSON, +8 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 |
|---|---|
| PROGRAM REVENUE | $126,674 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.3M
▼ $36K paid down
Net land, buildings & equipment
$5.8M
book value, net of depreciation
Facility age
28%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $143,627 |
| Occupancy | $0 |
| Depreciation & depletion | $251,153 |
| Information technology | $34,987 |
| Advertising & promotion | $9,535 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $4,661 |
| Other professional fees | $0 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
NORTH ANDOVER COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST
pension · 27 participants · $844K assets · FY2024
NFounded in 1971, North Andover Country Club reported $2.84M of revenue for FY23, at an operating margin of 2.0%. Revenue moved up 15.1% 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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