FHOR501(c)(7) · MEDIUMNAICS 713910EIN 35-0612630
Forest Hills Country Club Inc
Richmond, IN · founded 1963
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.85M
▲ 24.7% YoY
FY23 Total Expenses
$2.03M
▲ 27.9% YoY
Operating Margin
-9.5%
revenue minus expenses ÷ revenue
Employees
109
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.9M
▲ 58.8% / 5y
Expenses
$2.0M
▲ 73.7% / 5y
Total Assets
$4.0M
▲ 301.4% / 5y
Total Liabilities
$4.2M
▲ 510.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.5M | $1.5M | $1.5M | $1.9M | +58.8% |
| Expenses | $1.2M | $1.3M | $1.3M | $1.6M | $2.0M | +73.7% |
| Net surplus | -$2K | $117K | $117K | -$101K | -$177K | +8551.2% |
| Total assets | $1.0M | $964K | $964K | $4.2M | $4.0M | +301.4% |
| Total liabilities | $683K | $819K | $819K | $4.1M | $4.2M | +510.7% |
| Net assets | $323K | $145K | $145K | $44K | -$133K | -141.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BART WOLFE General Manager· 40h/wk | $100,110 | — |
+ 11 unpaid officers/directors as reported (CATHRYN DICKMAN, DAVID BROWN, DAVID WESSLER, +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 |
|---|---|
| MEMBERSHIP DUES | $792,893 |
| GOLF ACTIVITIES | $140,311 |
| EMPLOYEE RETENTION CREDIT | $111,569 |
| POOL/GOLF SIMULATOR | $10,174 |
| MISCELLANEOUS SERVICES | $8,965 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.8M
▼ $99K paid down
Net land, buildings & equipment
$3.9M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $0 |
| Occupancy | $344,637 |
| Depreciation & depletion | $181,192 |
| Information technology | $0 |
| Advertising & promotion | $1,004 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $31,842 |
| Other professional fees | $0 |
FFounded in 1963, Forest Hills Country Club Inc reported $1.85M of revenue for FY23, at an operating margin of -9.5%. Revenue moved up 24.7% 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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