HMIG501(c)(7) · MEDIUMNAICS 713910EIN 34-4260690
Highland Meadows Golf Club
Sylvania, OH · founded 1965
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.68M
▲ 1.7% YoY
FY23 Total Expenses
$3.54M
▼ 4.6% YoY
Operating Margin
3.8%
revenue minus expenses ÷ revenue
Employees
153
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.7M
▲ 21.6% / 5y
Expenses
$3.5M
▲ 33.8% / 5y
Total Assets
$4.3M
▲ 18.6% / 5y
Total Liabilities
$716K
▲ 0.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.0M | $3.2M | $3.2M | $3.6M | $3.7M | +21.6% |
| Expenses | $2.6M | $3.1M | $3.1M | $3.7M | $3.5M | +33.8% |
| Net surplus | $381K | $194K | $194K | -$93K | $139K | -63.4% |
| Total assets | $3.6M | $4.0M | $4.0M | $4.5M | $4.3M | +18.6% |
| Total liabilities | $711K | $656K | $656K | $931K | $716K | +0.7% |
| Net assets | $2.9M | $3.3M | $3.3M | $3.6M | $3.6M | +22.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ART HOLTFRETER, BILL JOHNSON, DAN BOEHM, +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 |
|---|---|
| DUES | $1,765,938 |
| GREEN/POOL FEES, GOLF CARTS | $540,805 |
| CAPITAL EXPENDITURE DUES | $205,159 |
| LOCKER, BAG ROOM, & SHOE FEES | $149,783 |
| NONREDEEMABLE GOLF PAYMENTS | $85,800 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$3.7M
book value, net of depreciation
Facility age
73%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $66,033 |
| Occupancy | $158,414 |
| Depreciation & depletion | $428,681 |
| Information technology | $33,135 |
| Advertising & promotion | $13,409 |
| Office expenses | $8,009 |
| Accounting fees | $18,818 |
| Other professional fees | $10,838 |
HFounded in 1965, Highland Meadows Golf Club reported $3.68M of revenue for FY23, at an operating margin of 3.8%. Revenue moved up 1.7% 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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