RIDG501(c)(7) · MEDIUMNAICS 713910EIN 36-1685250
Ridge Country Club
Chicago, IL · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.86M
▲ 6.9% YoY
FY23 Total Expenses
$4.50M
▲ 7.7% YoY
Operating Margin
7.4%
revenue minus expenses ÷ revenue
Employees
187
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.9M
▲ 36.8% / 5y
Expenses
$4.5M
▲ 21.3% / 5y
Total Assets
$6.6M
▲ 37.8% / 5y
Total Liabilities
$2.7M
▲ 15.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.6M | $4.3M | $4.3M | $4.5M | $4.9M | +36.8% |
| Expenses | $3.7M | $3.6M | $3.6M | $4.2M | $4.5M | +21.3% |
| Net surplus | -$156K | $742K | $742K | $369K | $360K | -331.0% |
| Total assets | $4.8M | $5.6M | $5.6M | $6.2M | $6.6M | +37.8% |
| Total liabilities | $2.4M | $2.5M | $2.5M | $2.7M | $2.7M | +15.7% |
| Net assets | $2.4M | $3.1M | $3.1M | $3.5M | $3.8M | +59.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KRIS KVELLAND Golf Course Superintendent· 40h/wk | $173,674 | $30,230 |
Dawn Fairley General Manager· 40h/wk | $114,791 | $17,451 |
Francesca Stirrat Executive Chef· 40h/wk | $102,310 | $18,734 |
+ 12 unpaid officers/directors as reported (ANDREW STYCZYNSKI, JEFF CARPENTER, JEFF SCHNELLER, +9 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 & ASSESSM | $3,543,767 |
| GOLF RELATED FEES & SALES | $761,569 |
| POOL,RACQUETS & OTHER | $105,500 |
| LOCKER RENTALS | $94,725 |
| OTHER REVENUE | $58,334 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.7M
▼ $1K paid down
Net land, buildings & equipment
$3.8M
book value, net of depreciation
Facility age
76%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $147,107 |
| Occupancy | $298,121 |
| Depreciation & depletion | $618,729 |
| Information technology | $2,088 |
| Advertising & promotion | $0 |
| Office expenses | $3,723 |
| Legal fees | $18,656 |
| Accounting fees | $21,175 |
| Other professional fees | $0 |
RFounded in 1934, Ridge Country Club reported $4.86M of revenue for FY23, at an operating margin of 7.4%. Revenue moved up 6.9% 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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