FHOR501(c)(7) · MEDIUMNAICS 713910EIN 35-0612630

Forest Hills Country Club Inc

Richmond, IN · founded 1963
13 filings on recordFY 20112023medium confidence
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
1.21.51.51.51.9
Expenses
$2.0M
▲ 73.7% / 5y
1.21.31.31.62.0
Total Assets
$4.0M
▲ 301.4% / 5y
1.09649644.24.0
Total Liabilities
$4.2M
▲ 510.7% / 5y
6838198194.14.2

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
MEMBERSHIP DUES$792,893
GOLF ACTIVITIES$140,311
EMPLOYEE RETENTION CREDIT$111,569
POOL/GOLF SIMULATOR$10,174
MISCELLANEOUS SERVICES$8,965

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
Form 990, FY2023 · period ending Thu Nov 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Wed Nov 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Tue Nov 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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