HILL501(c)(7) · MEDIUMNAICS 713910EIN 35-0382370
Hillcrest Country Club Inc
Indianapolis, IN · founded 1935
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.41M
▲ 0.0% YoY
FY23 Total Expenses
$3.66M
▲ 0.0% YoY
Operating Margin
17.0%
revenue minus expenses ÷ revenue
Employees
134
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$4.4M
▲ 28.2% / 5y
Expenses
$3.7M
▲ 14.5% / 5y
Total Assets
$3.6M
▲ 69.2% / 5y
Total Liabilities
$2.3M
▲ 18.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $3.4M | $4.0M | $4.4M | $4.4M | +28.2% |
| Expenses | $3.2M | $3.2M | $3.4M | $3.7M | $3.7M | +14.5% |
| Net surplus | $241K | $241K | $698K | $749K | $749K | +211.1% |
| Total assets | $2.1M | $2.1M | $2.8M | $3.6M | $3.6M | +69.2% |
| Total liabilities | $2.0M | $2.0M | $2.0M | $2.3M | $2.3M | +18.3% |
| Net assets | $165K | $165K | $863K | $1.3M | $1.3M | +674.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAVID BOLYARD Golf Course Superintendent· 40h/wk | $146,000 | $641 |
STEPHEN CASEY General Manager· 40h/wk | $100,234 | $6,094 |
+ 10 unpaid officers/directors as reported (AARON DEGROFF, CHERYL MELANCON, DARYL ROSENTHAL, +7 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 | $1,703,774 |
| GOLF INCOME | $692,964 |
| OTHER SERVICE REVENUE | $267,856 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.4M
▲ $10K new borrowing
Net land, buildings & equipment
$2.6M
book value, net of depreciation
Facility age
77%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $65,475 |
| Occupancy | $158,217 |
| Depreciation & depletion | $244,920 |
| Accounting fees | $32,365 |
| Other professional fees | $7,554 |
HFounded in 1935, Hillcrest Country Club Inc reported $4.41M of revenue for FY23, at an operating margin of 17.0%. Revenue moved up 0.0% 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
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