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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

TOLE501(c)(7) · MEDIUMNAICS 713910EIN 34-4421762

Toledo Country Club

Toledo, OH · founded 1950

12 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$2.94M

▼ 5.9% YoY

FY23 Total Expenses

$2.96M

▲ 10.3% YoY

Operating Margin

-0.6%

revenue minus expenses ÷ revenue

Employees

170

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$2.9M

▲ 84.2% / 5y

Expenses

$3.0M

▲ 36.6% / 5y

Total Assets

$3.2M

▲ 82.2% / 5y

Total Liabilities

$3.9M

▲ 31.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$1.6M	$1.8M	$3.1M	$3.1M	$2.9M	+84.2%
Expenses	$2.2M	$2.0M	$2.7M	$2.7M	$3.0M	+36.6%
Net surplus	-$569K	-$164K	$442K	$442K	-$19K	-96.7%
Total assets	$1.8M	$1.9M	$3.0M	$3.0M	$3.2M	+82.2%
Total liabilities	$3.0M	$3.3M	$3.7M	$3.7M	$3.9M	+31.6%
Net assets	-$1.2M	-$1.4M	-$706K	-$706K	-$731K	-40.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JUSTIN POLLOCK Head Golf Professional· 40h/wk	$142,308	—
PAT GIBBONS CLUB HOUSE GENERAL MANAGER· 40h/wk	$123,098	—
TIM GLORIOSO SUPERINTENDENT OF GREENS· 40h/wk	$103,242	$1,680

+ 11 unpaid officers/directors as reported (CHRIS JOSEPH, JOE UNICE, JOE WEISENBERGER, +8 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
CART RENTAL	$293,378
GOLF COURSE FEES	$166,159
EVENT REVENUE	$47,329
DOCK	$21,785

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$2.9M

▼ $38K paid down

Net land, buildings & equipment

$2.3M

book value, net of depreciation

Facility age

79%

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	$55,358
Occupancy	$247,980
Depreciation & depletion	$230,062
Information technology	$46,614
Advertising & promotion	$9,495
Office expenses	$59,257
Legal fees	$208,115
Accounting fees	$43,890

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

TOLEDO COUNTRY CLUB WELFARE PLAN B

welfare · 0 participants · $0 assets · FY2024

TOLEDO COUNTRY CLUB WELFARE PLAN A

welfare · 0 participants · $0 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.

TFounded in 1950, Toledo Country Club reported $2.94M of revenue for FY23, at an operating margin of -0.6%. Revenue moved down 5.9% 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 Tue Feb 28 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Mon Feb 28 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Sun Feb 28 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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