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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LCAK501(c)(7) · MEDIUMNAICS 713910EIN 34-0348570

Lakewood Country Club Company

Westlake, OH · founded 1965

12 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$7.71M

▼ 9.0% YoY

FY23 Total Expenses

$7.24M

▼ 3.7% YoY

Operating Margin

6.1%

revenue minus expenses ÷ revenue

Employees

205

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$7.7M

▲ 19.1% / 5y

Expenses

$7.2M

▲ 4.3% / 5y

Total Assets

$15.7M

▲ 35.1% / 5y

Total Liabilities

$12.0M

▲ 12.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$6.5M	$7.9M	$7.9M	$8.5M	$7.7M	+19.1%
Expenses	$6.9M	$7.0M	$7.0M	$7.5M	$7.2M	+4.3%
Net surplus	-$468K	$948K	$948K	$954K	$471K	-200.7%
Total assets	$11.6M	$13.2M	$13.2M	$13.5M	$15.7M	+35.1%
Total liabilities	$10.7M	$10.7M	$10.7M	$10.2M	$12.0M	+12.6%
Net assets	$969K	$2.5M	$2.5M	$3.3M	$3.7M	+282.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
AARON ARCHAMBAULT Golf Course Superintendent· 40h/wk	$138,182	$5,891
TIMOTHY PERIN Director of Golf· 40h/wk	$136,778	$7,267
SCOTT SPENCER General Manager· 40h/wk	$131,010	$1,207
GEOFF SOWL Executive Chef· 40h/wk	$123,068	$8,017

+ 9 unpaid officers/directors as reported (ADAM MORRIS, BEN COOKE, BRIAN KELLY, +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
FOOD, BEVERAGE, TOBACC	$2,236,198
GOLF OPERATIONS	$650,799
SWIMMING POOL AND TENN	$31,968

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$4.8M

▼ $160K paid down

Net land, buildings & equipment

$10.2M

book value, net of depreciation

Facility age

48%

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

Insurance	$133,730
Occupancy	$599,152
Depreciation & depletion	$668,672
Information technology	$61,939
Office expenses	$521,688
Other professional fees	$52,505

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

THE LAKEWOOD COUNTRY CLUB COMPANY PROFIT SHARING PLAN

pension · 35 participants · $841K 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.

LFounded in 1965, Lakewood Country Club Company reported $7.71M of revenue for FY23, at an operating margin of 6.1%. Revenue moved down 9.0% 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.

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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