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

Lakewood Country Club Company

Westlake, OH · founded 1965
12 filings on recordFY 20112023medium confidence
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
6.57.97.98.57.7
Expenses
$7.2M
▲ 4.3% / 5y
6.97.07.07.57.2
Total Assets
$15.7M
▲ 35.1% / 5y
11.613.213.213.515.7
Total Liabilities
$12.0M
▲ 12.6% / 5y
10.710.710.710.212.0

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
FOOD, BEVERAGE, TOBACC$2,236,198
GOLF OPERATIONS$650,799
SWIMMING POOL AND TENN$31,968

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)
+ 9 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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