MHER501(c)(7) · MEDIUMNAICS 713910EIN 35-0508710

Meridian Hills Country Club

Indianapolis, IN · founded 1926
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$9.22M
▲ 8.7% YoY
FY23 Total Expenses
$7.96M
▲ 21.5% YoY
Operating Margin
13.6%
revenue minus expenses ÷ revenue
Employees
219
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$9.2M
▲ 69.4% / 5y
5.46.96.98.59.2
Expenses
$8.0M
▲ 39.5% / 5y
5.75.75.76.68.0
Total Assets
$25.3M
▲ 164.1% / 5y
9.610.310.319.225.3
Total Liabilities
$16.8M
▲ 198.8% / 5y
5.64.84.812.016.8

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$5.4M$6.9M$6.9M$8.5M$9.2M+69.4%
Expenses$5.7M$5.7M$5.7M$6.6M$8.0M+39.5%
Net surplus-$264K$1.2M$1.2M$1.9M$1.3M-574.5%
Total assets$9.6M$10.3M$10.3M$19.2M$25.3M+164.1%
Total liabilities$5.6M$4.8M$4.8M$12.0M$16.8M+198.8%
Net assets$4.0M$5.5M$5.5M$7.2M$8.5M+114.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
TODD FIRESTONE
Head Golf Professional
$195,120
JARED WEIGHT
GROUNDS SUPE
$164,999
MEGAN CHRISTMAN
CLUBHOUSE MA
$142,524

+ 10 unpaid officers/directors as reported (BRAD RATEIKE, BRIAN ACTON, CLARK MILLMAN, +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 itemAmount
DUES$6,068,452
INITIATION AND TRANSFER FEES$722,056
GREEN FEES$273,053
CART FEES$189,424
OTHER MEMBER RELATED FEES$78,286

MFounded in 1926, Meridian Hills Country Club reported $9.22M of revenue for FY23, at an operating margin of 13.6%. Revenue moved up 8.7% 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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 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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