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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RIVE501(c)(7) · MEDIUMNAICS 713910EIN 36-1690350

Riverside Golf Club

N Riverside, IL · founded 1941

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$6.03M

▲ 36.1% YoY

FY23 Total Expenses

$4.35M

▲ 19.9% YoY

Operating Margin

28.0%

revenue minus expenses ÷ revenue

Employees

212

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$6.0M

▲ 42.8% / 5y

Expenses

$4.3M

▲ 16.4% / 5y

Total Assets

$11.7M

▲ 59.9% / 5y

Total Liabilities

$3.5M

▲ 12.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$4.2M	$4.8M	$4.8M	$4.4M	$6.0M	+42.8%
Expenses	$3.7M	$3.5M	$3.5M	$3.6M	$4.3M	+16.4%
Net surplus	$492K	$1.3M	$1.3M	$808K	$1.7M	+242.5%
Total assets	$7.3M	$8.8M	$8.8M	$7.9M	$11.7M	+59.9%
Total liabilities	$3.1M	$3.1M	$3.1M	$1.4M	$3.5M	+12.6%
Net assets	$4.2M	$5.7M	$5.7M	$6.5M	$8.2M	+95.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KARL BOLLNOW Head Golf Professional· 40h/wk	$146,766	$197
Corey Kuhl Grounds Super· 50h/wk	$138,935	$17,617
THOMAS MCHUGH General Manager· 40h/wk	$125,400	—
ROBERT KMETZ Controller· 40h/wk	$109,147	$445

+ 9 unpaid officers/directors as reported (CAROLYN BURKE, JAMES HUBERT, JAY DALICANDRO, +6 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	$4,670,228
GUEST FEES & CART RENTALS	$793,884
GOLF RANGE, CLUB STORAGE	$166,416
LOCKERS	$128,702
POOL	$90,950

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$9.9M

book value, net of depreciation

Facility age

58%

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

Management fees	$0
Insurance	$120,551
Occupancy	$494,810
Depreciation & depletion	$715,659
Information technology	$65,768
Advertising & promotion	$2,166
Office expenses	$100,519
Legal fees	$14,841
Accounting fees	$10,802
Other professional fees	$9,016

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

RIVERSIDE GOLF CLUB 401(K) PLAN

pension · 63 participants · $918K 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 1941, Riverside Golf Club reported $6.03M of revenue for FY23, at an operating margin of 28.0%. Revenue moved up 36.1% 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 Fri Mar 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Thu Mar 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Wed Mar 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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