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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

IHND501(c)(7) · MEDIUMNAICS 713910EIN 23-7444778

Indian Hills Country Club Inc

Bowling Green, KY · founded 1975

14 filings on recordFY 2010–2023medium confidence

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FY23 Total Revenue

$3.35M

▲ 21.3% YoY

FY23 Total Expenses

$2.88M

▲ 3.4% YoY

Operating Margin

14.2%

revenue minus expenses ÷ revenue

Employees

115

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$3.4M

▲ 64.6% / 5y

Expenses

$2.9M

▲ 44.4% / 5y

Total Assets

$6.3M

▲ 24.1% / 5y

Total Liabilities

$5.1M

▲ 9.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$2.0M	$2.3M	$2.3M	$2.8M	$3.4M	+64.6%
Expenses	$2.0M	$2.1M	$2.1M	$2.8M	$2.9M	+44.4%
Net surplus	$45K	$251K	$251K	-$17K	$476K	+958.0%
Total assets	$5.1M	$6.2M	$6.2M	$6.2M	$6.3M	+24.1%
Total liabilities	$4.7M	$5.4M	$5.4M	$5.4M	$5.1M	+9.1%
Net assets	$400K	$738K	$738K	$735K	$1.2M	+199.9%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KEN Crowder General Manager· 40h/wk	$145,500	—
BOB McLEAN Golf Course Superintendent· 40h/wk	$82,295	—
CINDY SUMMER Controller· 40h/wk	$75,494	—

+ 9 unpaid officers/directors as reported (ANTHONY BERTA, BENTON WHEELER, COREY DUNN, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Lopez Plasters LLC ATHENS, AL	Construction & renovation	$110,000
Gills Tree Service ALVATON, KY	Turf & grounds	—

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
CAPITAL IMPROVEMENT FEES	$422,416
ERC PROCEEDS	$267,812
GREEN FEES	$110,085
SOCIAL ASSESSMENT	$70,305
CART REGISTRATION FEES	$64,848

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$4.8M

▼ $289K paid down

Net land, buildings & equipment

$5.3M

book value, net of depreciation

Facility age

36%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Management fees	$0
Insurance	$114,989
Occupancy	$238,463
Depreciation & depletion	$305,453
Information technology	$0
Advertising & promotion	$0
Office expenses	$29,850
Legal fees	$0
Accounting fees	$2,200
Other professional fees	$19,949

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

INDIAN HILLS COUNTRY CLUB, INC. 401K PS PLAN

pension · 5 participants · $333K assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

IFounded in 1975, Indian Hills Country Club Inc reported $3.35M of revenue for FY23, at an operating margin of 14.2%. Revenue moved up 21.3% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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