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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

CLRY501(c)(7) · MEDIUMNAICS 713910EIN 36-2052014

Crystal Lake Country Club

Crystal Lake, IL · founded 1947

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$4.23M

▲ 10.1% YoY

FY23 Total Expenses

$3.95M

▲ 5.1% YoY

Operating Margin

6.5%

revenue minus expenses ÷ revenue

Employees

175

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$4.2M

▲ 60.2% / 5y

Expenses

$4.0M

▲ 28.5% / 5y

Total Assets

$7.6M

▲ 122.8% / 5y

Total Liabilities

$6.8M

▲ 125.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$2.6M	$3.7M	$3.7M	$3.8M	$4.2M	+60.2%
Expenses	$3.1M	$3.5M	$3.5M	$3.8M	$4.0M	+28.5%
Net surplus	-$436K	$207K	$207K	$80K	$276K	-163.4%
Total assets	$3.4M	$4.0M	$4.0M	$5.5M	$7.6M	+122.8%
Total liabilities	$3.0M	$3.6M	$3.6M	$5.1M	$6.8M	+125.8%
Net assets	$363K	$363K	$363K	$443K	$719K	+97.9%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
STEVE VANACKER GROUNDSKEEPER· 40h/wk	$171,395	$7,905
Mike Nedeau General Manager· 40h/wk	$144,282	$24,526
Ryan Keortgen Food & bev. Mgr· 40h/wk	$116,236	$7,359
Eric Feldbusch Executive Chef· 40h/wk	$105,681	—

+ 10 unpaid officers/directors as reported (AL NIETZEL, CHARLIE COLLINS, GUY KERSHNER, +7 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	$3,065,069
GOLF OPERATIONS	$779,129
OTHER SPORTS	$80,965
LOCKERS	$44,588
CLUB EVENTS/ROOM CHARGES	$26,034

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$2.7M

▲ $1.3M new borrowing

Net land, buildings & equipment

$5.3M

book value, net of depreciation

Facility age

40%

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

Professionally managedFY23 · Form 990, Part IX

Management fees	$143,783
Insurance	$122,552
Occupancy	$277,220
Depreciation & depletion	$266,253
Information technology	$2,525
Advertising & promotion	$0
Office expenses	$45,337
Legal fees	$0
Accounting fees	$21,235
Other professional fees	$33,645

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

CRYSTAL LAKE COUNTRY CLUB 401(K) RETIREMENT PLAN

pension · 99 participants · $821K 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.

CFounded in 1947, Crystal Lake Country Club reported $4.23M of revenue for FY23, at an operating margin of 6.5%. Revenue moved up 10.1% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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