MHER501(c)(7) · MEDIUMNAICS 713910EIN 35-0508710
Meridian Hills Country Club
Indianapolis, IN · founded 1926
13 filings on recordFY 2011–2023medium confidence
Compare to peers →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
Expenses
$8.0M
▲ 39.5% / 5y
Total Assets
$25.3M
▲ 164.1% / 5y
Total Liabilities
$16.8M
▲ 198.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ 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 · Employee | Reportable | Other |
|---|---|---|
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 item | Amount |
|---|---|
| DUES | $6,068,452 |
| INITIATION AND TRANSFER FEES | $722,056 |
| GREEN FEES | $273,053 |
| CART FEES | $189,424 |
| OTHER MEMBER RELATED FEES | $78,286 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$8.3M
▲ $3.6M new borrowing
Net land, buildings & equipment
$13.9M
book value, net of depreciation
Facility age
60%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $128,500 |
| Occupancy | $303,295 |
| Depreciation & depletion | $1,253,422 |
| Information technology | $99,983 |
| Office expenses | $73,815 |
| Legal fees | $21,419 |
| Accounting fees | $174,704 |
| Other professional fees | $358,097 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
EE'S RETIREMENT SAVINGS PLAN OF MERIDIAN HILLS COUNTRY CLUB
pension · 73 participants · $3.2M assets · FY2024
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
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