TLIP501(c)(7) · MEDIUMNAICS 713910EIN 35-0711197
Tippecanoe Lake Country Club
Leesburg, IN · founded 1935
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.64M
▲ 16.8% YoY
FY23 Total Expenses
$3.58M
▲ 16.8% YoY
Operating Margin
1.8%
revenue minus expenses ÷ revenue
Employees
117
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.6M
▲ 54.5% / 5y
Expenses
$3.6M
▲ 55.8% / 5y
Total Assets
$5.7M
▲ 80.5% / 5y
Total Liabilities
$3.0M
▲ 177.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.4M | $2.9M | $2.9M | $3.1M | $3.6M | +54.5% |
| Expenses | $2.3M | $2.7M | $2.7M | $3.1M | $3.6M | +55.8% |
| Net surplus | $61K | $268K | $268K | $56K | $64K | +5.0% |
| Total assets | $3.2M | $4.2M | $4.2M | $4.7M | $5.7M | +80.5% |
| Total liabilities | $1.1M | $1.4M | $1.4M | $1.9M | $3.0M | +177.5% |
| Net assets | $2.1M | $2.8M | $2.8M | $2.8M | $2.8M | +31.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
STEPHAN KOSTELECKY GENERAL MANA· 40h/wk | $154,847 | $17,909 |
RONALD FORKS SUPERINTENDE· 40h/wk | $138,378 | $9,742 |
+ 10 unpaid officers/directors as reported (DAN WHITE, DAVID JARRETT, DEB NICOL, +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 AND FEES | $2,428,071 |
| GOLFING - MEMBERS | $416,077 |
| GOLFING - NONMRMBERS | $88,555 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.0M
▲ $615K new borrowing
Net land, buildings & equipment
$3.7M
book value, net of depreciation
Facility age
65%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $49,153 |
| Occupancy | $107,677 |
| Depreciation & depletion | $367,371 |
| Information technology | $26,171 |
| Office expenses | $134,660 |
| Legal fees | $280 |
| Accounting fees | $73,920 |
| Other professional fees | $100,319 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Cooks, Restaurant LEESBURG, IN | $30K | 8 | Apr 2025 → Oct 2025 |
TFounded in 1935, Tippecanoe Lake Country Club reported $3.64M of revenue for FY23, at an operating margin of 1.8%. Revenue moved up 16.8% 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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