LSAK501(c)(7) · MEDIUMNAICS 713910EIN 36-1356630
Lake Shore Country Club
Glencoe, IL · founded 1941
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.66M
▲ 15.0% YoY
FY23 Total Expenses
$11.35M
▲ 17.3% YoY
Operating Margin
-6.5%
revenue minus expenses ÷ revenue
Employees
176
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.7M
▲ 28.3% / 5y
Expenses
$11.4M
▲ 44.6% / 5y
Total Assets
$22.8M
▲ 31.4% / 5y
Total Liabilities
$6.2M
▲ 15.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.3M | $7.8M | $7.8M | $9.3M | $10.7M | +28.3% |
| Expenses | $7.9M | $6.4M | $6.4M | $9.7M | $11.4M | +44.6% |
| Net surplus | $451K | $1.4M | $1.4M | -$414K | -$697K | -254.4% |
| Total assets | $17.3M | $24.4M | $24.4M | $23.9M | $22.8M | +31.4% |
| Total liabilities | $5.4M | $7.3M | $7.3M | $6.9M | $6.2M | +15.9% |
| Net assets | $12.0M | $17.0M | $17.0M | $17.0M | $16.6M | +38.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ZACK FIDLER Head Golf Professional· 50h/wk | $531,877 | $18,861 |
JEFF FRENTZ Golf Course Superintendent· 50h/wk | $295,171 | $34,163 |
BRIAN SILVER General Manager· 50h/wk | $254,695 | $8,342 |
MATTHEW SOUTHARD Executive Chef· 50h/wk | $223,605 | $16,285 |
KIMBERLY FISCHER Controller· 50h/wk | $186,041 | $11,729 |
ANGEL LOYOLA CLUBHOUSE MANAGER· 50h/wk | $104,283 | — |
+ 16 unpaid officers/directors as reported (BOB GREENEBAUM, DANIEL KAUFFMAN, DAVID RICHTER, +13 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Zach Fidler GLENCOE, IL | Management services | $417,285 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $5,983,378 |
| INITIATION/CAPITAL ASSESSMENT | $1,649,195 |
| GOLF OPERATIONS | $439,379 |
| FOOD AND BEVERAGE DEPARTMENT | $393,598 |
| LOCKER DEPARTMENT | $166,743 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.9M
▼ $481K paid down
Net land, buildings & equipment
$21.3M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $818,678 |
| Depreciation & depletion | $1,591,247 |
| Information technology | $48,553 |
| Advertising & promotion | $25,266 |
| Office expenses | $53,450 |
| Legal fees | $162,073 |
| Accounting fees | $19,800 |
| Other professional fees | $182,502 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LAKE SHORE COUNTRY CLUB 401(K) PLAN
pension · 39 participants · $3.8M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Bartenders Glencoe, IL | $46K | 2 | May 2025 → Oct 2025 |
Waiters and Waitresses Glencoe, IL | $44K | 13 | May 2025 → Oct 2025 |
Amusement and Recreation Attendants Glencoe, IL | $44K | 1 | May 2025 → Oct 2025 |
Cooks, Restaurant Glencoe, IL | $44K | 12 | May 2025 → Oct 2025 |
Dishwashers Glencoe, IL | $41K | 4 | May 2025 → Oct 2025 |
LFounded in 1941, Lake Shore Country Club reported $10.66M of revenue for FY23, at an operating margin of -6.5%. Revenue moved up 15.0% 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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