TOWI501(c)(7) · MEDIUMNAICS 713910EIN 36-1888960

Twin Orchard Country Club

Lake Zurich, IL · founded 1942
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$11.43M
▼ 5.6% YoY
FY23 Total Expenses
$11.49M
▲ 16.5% YoY
Operating Margin
-0.5%
revenue minus expenses ÷ revenue
Employees
177
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$11.4M
▲ 46.8% / 5y
7.87.38.812.111.4
Expenses
$11.5M
▲ 47.7% / 5y
7.87.08.89.911.5
Total Assets
$8.0M
▼ 44.8% / 5y
14.513.97.98.38.0
Total Liabilities
$5.1M
▼ 31.8% / 5y
7.57.27.25.35.1

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$7.8M$7.3M$8.8M$12.1M$11.4M+46.8%
Expenses$7.8M$7.0M$8.8M$9.9M$11.5M+47.7%
Net surplus$13K$278K$10K$2.2M-$55K-521.7%
Total assets$14.5M$13.9M$7.9M$8.3M$8.0M-44.8%
Total liabilities$7.5M$7.2M$7.2M$5.3M$5.1M-31.8%
Net assets$7.0M$6.7M$686K$2.9M$2.9M-58.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
GAVIN SPEIRS
General Manager· 40h/wk
$365,121$48,006
DAN TULLY
Golf Course Superintendent· 40h/wk
$251,043$21,071
ANDY SHUMAN
Director of Golf· 40h/wk
$170,132$21,339
MARTIN REYES
Executive Chef· 40h/wk
$154,000$14,355
LISA MORGAN
Controller· 40h/wk
$126,315$14,711

+ 15 unpaid officers/directors as reported (BEN SOLDINGER, BRIAN BERK, BRIAN GRYN, +12 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$7,069,707
FOOD & BEVERAGE INCOME$2,494,188
CART FEES$630,199
GREENS FEES$525,694
OTHER$361,160

TFounded in 1942, Twin Orchard Country Club reported $11.43M of revenue for FY23, at an operating margin of -0.5%. Revenue moved down 5.6% 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)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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