RIDG501(c)(7) · MEDIUMNAICS 713910EIN 36-1685930
Ridgemoor Country Club
Chicago, IL · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$9.10M
▲ 7.0% YoY
FY23 Total Expenses
$8.37M
▲ 13.8% YoY
Operating Margin
8.0%
revenue minus expenses ÷ revenue
Employees
183
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$9.1M
▲ 27.8% / 5y
Expenses
$8.4M
▲ 29.1% / 5y
Total Assets
$15.7M
▲ 36.6% / 5y
Total Liabilities
$4.8M
▼ 0.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.1M | $7.6M | $7.6M | $8.5M | $9.1M | +27.8% |
| Expenses | $6.5M | $5.9M | $5.9M | $7.4M | $8.4M | +29.1% |
| Net surplus | $639K | $1.7M | $1.7M | $1.1M | $731K | +14.5% |
| Total assets | $11.5M | $13.5M | $13.5M | $14.7M | $15.7M | +36.6% |
| Total liabilities | $4.8M | $4.4M | $4.4M | $4.5M | $4.8M | -0.8% |
| Net assets | $6.7M | $9.1M | $9.1M | $10.2M | $10.9M | +63.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ADAM STEINHOFER Director of Golf· 40h/wk | $198,187 | $19,749 |
JOSH LANGELL Golf Course Superintendent· 40h/wk | $194,775 | $10,064 |
JON KANE General Manager· 40h/wk | $187,879 | $21,335 |
BORIS KIRZHNER Executive Chef· 40h/wk | $115,405 | $13,939 |
ROBIN BARRERAS Controller· 40h/wk | $104,080 | $12,439 |
ANTONIO SUAREZ Assistant General Manager· 40h/wk | $101,664 | $7,334 |
+ 15 unpaid officers/directors as reported (BRADLEY SCHOTANUS, BRYCE BOWMAN, DAVID DREHOBL END 422, +12 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Bernard Azrikam NORTHBROOK, IL | MAINTENANCE AND ELECTRICAL | $117,955 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $3,432,081 |
| INITIATION AND TRANSFER FEES | $1,444,906 |
| GOLF OPERATIONS | $1,141,714 |
| ASSESSMENTS | $516,480 |
| LOCKER DEPARTMENT | $104,963 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.4M
▲ $268K new borrowing
Net land, buildings & equipment
$12.6M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $707,829 |
| Depreciation & depletion | $1,252,470 |
| Office expenses | $77,851 |
| Accounting fees | $54,781 |
| Other professional fees | $8,640 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
RIDGEMOOR COUNTRY CLUB 401(K) P/S PLAN
pension · 22 participants · $79K assets · FY2024
RFounded in 1942, Ridgemoor Country Club reported $9.10M of revenue for FY23, at an operating margin of 8.0%. Revenue moved up 7.0% 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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