SOTO501(c)(7) · MEDIUMNAICS 713910EIN 31-1569053
Stone Oak Country Club Inc
Holland, OH · founded 2002
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.93M
▲ 2.3% YoY
FY23 Total Expenses
$3.85M
▼ 2.2% YoY
Operating Margin
2.0%
revenue minus expenses ÷ revenue
Employees
211
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.9M
▼ 16.2% / 5y
Expenses
$3.8M
▼ 17.5% / 5y
Total Assets
$6.3M
▲ 6.5% / 5y
Total Liabilities
$3.2M
▼ 15.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.7M | $3.7M | $3.7M | $3.8M | $3.9M | -16.2% |
| Expenses | $4.7M | $3.2M | $3.2M | $3.9M | $3.8M | -17.5% |
| Net surplus | $21K | $475K | $475K | -$97K | $79K | +276.5% |
| Total assets | $5.9M | $6.5M | $6.5M | $6.7M | $6.3M | +6.5% |
| Total liabilities | $3.8M | $3.3M | $3.3M | $3.7M | $3.2M | -15.8% |
| Net assets | $2.1M | $3.1M | $3.1M | $3.0M | $3.1M | +47.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KEITH OLANDER General Manager· 40h/wk | $212,731 | $11,030 |
ROBERT RADACHI Director of Grounds· 40h/wk | $104,512 | $2,520 |
+ 9 unpaid officers/directors as reported (DOUG STANTON, JAMIE HAPP, JENNIFER KEARNS, +6 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 DUES | $2,351,401 |
| GOLF SERVICES | $693,730 |
| LAWN AND LANDSCAPE | $497,192 |
| OPERATING AND CAPITAL ASSESSMENTS | $350,369 |
| INITIATION FEES | $58,033 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.4M
▼ $562K paid down
Net land, buildings & equipment
$5.4M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $66,455 |
| Depreciation & depletion | $310,195 |
| Advertising & promotion | $526 |
| Office expenses | $8,898 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
STONE OAK COUNTRY CLUB 401(K) PLAN
pension · 42 participants · $535K assets · FY2024
SFounded in 2002, Stone Oak Country Club Inc reported $3.93M of revenue for FY23, at an operating margin of 2.0%. Revenue moved up 2.3% 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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