| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.7M | $7.2M | $8.4M | $9.3M | $9.8M | +28.6% |
| Expenses | $7.2M | $6.3M | $7.3M | $8.5M | $9.1M | +26.0% |
| Net surplus | $428K | $894K | $1.1M | $830K | $736K | +72.1% |
| Total assets | $10.4M | $11.2M | $12.4M | $13.7M | $13.9M | +34.3% |
| Total liabilities | $1.2M | $1.2M | $1.3M | $1.8M | $1.4M | +18.4% |
| Net assets | $9.2M | $10.0M | $11.1M | $11.9M | $12.5M | +36.3% |
| Officer · Employee | Reportable | Other |
|---|---|---|
JAMES P SPRAGG CHIEF OPERATIONS OFFICER· 50h/wk | $288,764 | $11,137 |
CHRISTOPHER HAUNTY Golf Course Superintendent· 50h/wk | $156,180 | $26,573 |
EDWARD KLINE Head Golf Professional· 40h/wk | $120,360 | $22,754 |
DAVID CLARK FINANCIAL MANAGER· 40h/wk | $105,104 | $4,204 |
ALISON TRIMBLE ASST GEN MGR/FOOD & BEV DIRECTOR· 40h/wk | $101,085 | $8,226 |
TOD J ORTLIP Board Member· 5h/wk | $1,325 | — |
+ 2 unpaid officers/directors as reported (BETSY ORTLIP, LEIGH ALLEN)
No contractors reported.
| Line item | Amount |
|---|---|
| GOLF OPERATIONS | $1,195,986 |
| FOOD & BEVERAGE OPS | $668,194 |
| ATHLETIC CENTER OPS | $141,739 |
| POOL & RACQUET SPORTS | $131,015 |
| MEMBER FINANCE CHARGES | $29,335 |
LFounded in 1991, Lakes Golf & Country Club Inc reported $9.85M of revenue for FY23, at an operating margin of 7.5%. Revenue moved up 6.0% 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.