TOWI501(c)(7) · MEDIUMNAICS 713910EIN 36-1888960
Twin Orchard Country Club
Lake Zurich, IL · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →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
Expenses
$11.5M
▲ 47.7% / 5y
Total Assets
$8.0M
▼ 44.8% / 5y
Total Liabilities
$5.1M
▼ 31.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.8M | $8.8M | $8.8M | $12.1M | $11.4M | +46.8% |
| Expenses | $7.8M | $8.8M | $8.8M | $9.9M | $11.5M | +47.7% |
| Net surplus | $13K | $10K | $10K | $2.2M | -$55K | -521.7% |
| Total assets | $14.5M | $7.9M | $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 | $686K | $686K | $2.9M | $2.9M | -58.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
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 item | Amount |
|---|---|
| MEMBERSHIP DUES | $7,069,707 |
| FOOD & BEVERAGE INCOME | $2,494,188 |
| CART FEES | $630,199 |
| GREENS FEES | $525,694 |
| OTHER | $361,160 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.0M
▼ $63K paid down
Net land, buildings & equipment
$6.4M
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $518,023 |
| Depreciation & depletion | $1,031,033 |
| Legal fees | $3,963 |
| Accounting fees | $25,800 |
| Other professional fees | $90,888 |
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
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