MEDI501(c)(7) · MEDIUMNAICS 713910EIN 36-1461510
Medinah Country Club
Medinah, IL · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$34.05M
▲ 31.8% YoY
FY23 Total Expenses
$24.43M
▲ 6.0% YoY
Operating Margin
28.3%
revenue minus expenses ÷ revenue
Employees
490
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$34.0M
▲ 39.0% / 5y
Expenses
$24.4M
▲ 5.0% / 5y
Total Assets
$62.1M
▲ 12.7% / 5y
Total Liabilities
$11.9M
▼ 44.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $24.5M | $20.7M | $20.7M | $25.8M | $34.0M | +39.0% |
| Expenses | $23.3M | $18.7M | $18.7M | $23.0M | $24.4M | +5.0% |
| Net surplus | $1.2M | $2.1M | $2.1M | $2.8M | $9.6M | +681.3% |
| Total assets | $55.1M | $53.9M | $53.9M | $51.8M | $62.1M | +12.7% |
| Total liabilities | $21.4M | $17.5M | $17.5M | $11.9M | $11.9M | -44.5% |
| Net assets | $33.7M | $36.5M | $36.5M | $39.9M | $50.2M | +49.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROBERT SERECI GM/COO· 40h/wk | $627,287 | $7,421 |
STEVE COOK GOLF COURSE DIRECTOR· 40h/wk | $324,021 | $23,477 |
MARTY DEANGELO GOLF DIRECTOR· 40h/wk | $307,713 | $5,321 |
JEFF OKLAND Chief Financial Officer· 40h/wk | $244,100 | $3,875 |
MARK GALLAUDET ASSISTANT GM· 40h/wk | $227,498 | $4,125 |
ANTHONY MCPHERSON RACQUET DIRECTOR· 40h/wk | $208,582 | $7,872 |
BENJAMIN MCGARGILL GOLF SUPERINTENDENT· 40h/wk | $201,461 | $1,375 |
MATTHEW GILBERT Executive Chef· 40h/wk | $186,786 | $20,128 |
SEAN MCLEOD ASSISTANT GOLF PRO· 40h/wk | $170,376 | $126 |
EVA ROGERS ASSISTANT GOLF PRO· 40h/wk | $168,045 | $6,852 |
+ 16 unpaid officers/directors as reported (ANTHONY PALAZZOLO, DAVE BOWMAN END 922, DAVID H LATHAM, +13 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Harrells LLC ATLANTA, GA | CHEMICALS | $465,690 |
| Bdo Seidman OAK BROOK, IL | Professional services | $299,828 |
| Just In Time Staffing BENSENVILLE, IL | TEMPORARY SERVICES | $176,395 |
| Aaa Pools And Spas LLC STREAMWOOD, IL | Pool & racquet | $133,980 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $20,948,548 |
| GOLF OPERATIONS | $4,603,989 |
| INITIATION/ASSESSMENTS | $3,360,457 |
| GOLF AND CLUB EVENTS | $1,279,292 |
| FOOD AND BEVERAGE DEPARTMNET | $776,454 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$7.7M
▼ $316K paid down
Net land, buildings & equipment
$45.4M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $312,327 |
| Occupancy | $676,134 |
| Depreciation & depletion | $4,030,310 |
| Information technology | $222,694 |
| Office expenses | $119,075 |
| Legal fees | $25,219 |
| Accounting fees | $167,831 |
| Other professional fees | $589,183 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MEDINAH COUNTRY CLUB 401(K) PLAN
pension · 149 participants · $4.2M assets · FY2024
MEDINAH COUNTRY CLUB HEALTH AND WELFARE PLAN
welfare · 146 participants · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Cooks, Restaurant Medinah, IL | $38K | 6 | Apr 2025 → Oct 2025 |
Locker Room, Coatroom, and Dressing Room Attendants Medinah, IL | $38K | 2 | Apr 2025 → Oct 2025 |
Dishwashers Medinah, IL | $37K | 2 | Apr 2025 → Oct 2025 |
Waiters and Waitresses Medinah, IL | $34K | 4 | Apr 2025 → Oct 2025 |
Dining Room and Cafeteria Attendants and Bartender Helpers Medinah, IL | $33K | 2 | Apr 2025 → Oct 2025 |
MFounded in 1959, Medinah Country Club reported $34.05M of revenue for FY23, at an operating margin of 28.3%. Revenue moved up 31.8% 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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