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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RFIV501(c)(7) · MEDIUMNAICS 713910EIN 36-1689955

River Forest Country Club

Elmhurst, IL · founded 1999

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$9.02M

▼ 2.4% YoY

FY23 Total Expenses

$8.28M

▲ 21.9% YoY

Operating Margin

8.3%

revenue minus expenses ÷ revenue

Employees

190

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.0M

▲ 51.9% / 5y

Expenses

$8.3M

▲ 42.1% / 5y

Total Assets

$21.8M

▲ 126.7% / 5y

Total Liabilities

$8.3M

▲ 475.9% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$5.9M	$7.9M	$7.9M	$9.2M	$9.0M	+51.9%
Expenses	$5.8M	$5.4M	$5.4M	$6.8M	$8.3M	+42.1%
Net surplus	$117K	$2.4M	$2.4M	$2.5M	$745K	+535.4%
Total assets	$9.6M	$12.0M	$12.0M	$20.8M	$21.8M	+126.7%
Total liabilities	$1.4M	$1.4M	$1.4M	$7.9M	$8.3M	+475.9%
Net assets	$8.2M	$10.6M	$10.6M	$12.9M	$13.5M	+64.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JEFF SCHENKEL General Manager· 40h/wk	$227,800	$32,225
DEREK WEBER Golf Course Superintendent· 40h/wk	$195,414	$5,733
DON OESTE Controller· 40h/wk	$137,593	$25,291
NATHAN SKROCKI Executive Chef· 40h/wk	$136,804	$25,260
MARSELA DINE CATERING DIRECTOR· 40h/wk	$126,790	$24,860

+ 16 unpaid officers/directors as reported (AL HOGAN, BRIAN O'BRIEN, DAVE CARLQUIST END 1122, +13 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Cm Gumbach LTD ELMHURST, IL	Management services	$1,136,804

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$3,419,878
INITIATION FEES	$1,301,615
CAPITAL ASSESSMENT	$891,800
GOLF OPERATIONS	$827,237
FOOD AND BEVERAGE	$212,538

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$7.0M

▲ $1.6M new borrowing

Net land, buildings & equipment

$18.3M

book value, net of depreciation

Facility age

32%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Occupancy	$502,073
Depreciation & depletion	$1,060,909
Office expenses	$40,546
Legal fees	$13,583
Accounting fees	$32,047

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

RIVER FOREST COUNTRY CLUB 401(K) PLAN

pension · 40 participants · $2.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

RFounded in 1999, River Forest Country Club reported $9.02M of revenue for FY23, at an operating margin of 8.3%. Revenue moved down 2.4% 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

▸ Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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