LSAK501(c)(7) · MEDIUMNAICS 713910EIN 25-0607235
Lake Shore Country Club
Erie, PA · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.15M
▲ 10.1% YoY
FY23 Total Expenses
$4.11M
▲ 8.2% YoY
Operating Margin
1.0%
revenue minus expenses ÷ revenue
Employees
239
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.1M
▲ 25.4% / 5y
Expenses
$4.1M
▲ 27.6% / 5y
Total Assets
$4.9M
▲ 13.5% / 5y
Total Liabilities
$3.9M
▼ 4.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $4.2M | $4.2M | $3.8M | $4.1M | +25.4% |
| Expenses | $3.2M | $3.4M | $3.4M | $3.8M | $4.1M | +27.6% |
| Net surplus | $88K | $781K | $781K | -$31K | $40K | -54.8% |
| Total assets | $4.3M | $4.9M | $4.9M | $4.7M | $4.9M | +13.5% |
| Total liabilities | $4.1M | $3.9M | $3.9M | $3.7M | $3.9M | -4.9% |
| Net assets | $251K | $1.0M | $1.0M | $997K | $1.0M | +313.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BILL VORSHECK, BRYAN DILUCENTE, GEOFF HIRZ, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 & ASSE | $2,636,514 |
| GOLF COURSE | $347,184 |
| CLUBHOUSE | $112,046 |
| POOL | $18,770 |
| ADMIN | $15,940 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.9M
▲ $85K new borrowing
Net land, buildings & equipment
$3.9M
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $107,184 |
| Occupancy | $320,433 |
| Depreciation & depletion | $310,966 |
| Information technology | $76,395 |
| Advertising & promotion | $25,324 |
| Office expenses | $29,502 |
| Legal fees | $1,047 |
| Accounting fees | $10,000 |
| Other professional fees | $100 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LAKE SHORE COUNTRY CLUB 401K RETIREMENT PLAN
pension · 8 participants · FY2024
LFounded in 1945, Lake Shore Country Club reported $4.15M of revenue for FY23, at an operating margin of 1.0%. Revenue moved up 10.1% 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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