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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RLUT501(c)(7) · MEDIUMNAICS 713910EIN 36-1716480

Ruth Lake Country Club

Hinsdale, IL · founded 1941

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$11.87M

▲ 14.4% YoY

FY23 Total Expenses

$10.63M

▲ 5.2% YoY

Operating Margin

10.5%

revenue minus expenses ÷ revenue

Employees

292

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$11.9M

▲ 28.5% / 5y

Expenses

$10.6M

▲ 38.1% / 5y

Total Assets

$21.3M

▲ 14.2% / 5y

Total Liabilities

$2.6M

▲ 14.9% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$9.2M	$9.0M	$10.8M	$10.4M	$11.9M	+28.5%
Expenses	$7.7M	$7.1M	$8.0M	$10.1M	$10.6M	+38.1%
Net surplus	$1.5M	$1.9M	$2.7M	$267K	$1.2M	-19.4%
Total assets	$18.7M	$19.9M	$22.1M	$21.9M	$21.3M	+14.2%
Total liabilities	$2.3M	$2.3M	$2.5M	$2.7M	$2.6M	+14.9%
Net assets	$16.4M	$17.6M	$19.6M	$19.1M	$18.7M	+14.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
DANIEL MARCO Golf Course Superintendent· 60h/wk	$297,693	$43,717
KEVIN S KENNEBECK General Manager· 50h/wk	$282,756	$50,445
THOMAS BIRMINGHAM Executive Chef· 50h/wk	$189,550	$26,254
MIKE FRANCO PADDLE PRO· 50h/wk	$125,797	$15,959
BRIAN PAGE Head Tennis Professional· 60h/wk	$123,416	$16,030
MARK LABIAK Head Golf Professional· 60h/wk	$123,055	$28,711
PATRICK BAUDHUIN Controller· 50h/wk	$117,305	$23,745

+ 16 unpaid officers/directors as reported (BARRY SCHWARTZ, BLAKE BONYKO, CHARLES BUSH-JOSEPH, +13 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 & ASSESSMENTS	$4,196,642
INITIATION FEES	$2,299,642
GOLF OPERATIONS	$1,190,554
FOOD DEPARTMENT	$528,817
CAPITAL ASSESSMENTS	$380,163

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$15.3M

book value, net of depreciation

Facility age

56%

accumulated depreciation ÷ cost — higher = older plant

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	$409,255
Depreciation & depletion	$1,334,600
Information technology	$78,036
Office expenses	$30,106
Legal fees	$87,535

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

RUTH LAKE COUNTRY CLUB 401(K) PLAN

pension · 81 participants · $4.4M 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, Ruth Lake Country Club reported $11.87M of revenue for FY23, at an operating margin of 10.5%. Revenue moved up 14.4% 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 Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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