| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.3M | $6.4M | $6.4M | $7.1M | $7.3M | +38.6% |
| Expenses | $5.9M | $5.6M | $5.6M | $6.9M | $7.1M | +21.0% |
| Net surplus | -$606K | $773K | $773K | $172K | $193K | -131.8% |
| Total assets | $17.8M | $20.0M | $20.0M | $19.4M | $20.1M | +12.8% |
| Total liabilities | $4.5M | $5.6M | $5.6M | $4.7M | $5.2M | +13.7% |
| Net assets | $13.2M | $14.4M | $14.4M | $14.7M | $14.9M | +12.4% |
| Officer · Employee | Reportable | Other |
|---|---|---|
Michael Krabbe General Manager· 40h/wk | $248,019 | $25,108 |
THOMAS PRICHARD Golf Course Superintendent· 40h/wk | $191,832 | $31,949 |
JAMES SOBB Head Golf Professional· 40h/wk | $163,226 | $32,172 |
Kimberly Maiore Controller· 40h/wk | $133,606 | $23,519 |
James Billiter Director of Golf· 40h/wk | $120,901 | $8,426 |
Marie Grimaldi Membership Director· 40h/wk | $102,219 | $10,880 |
+ 16 unpaid officers/directors as reported (BILL KRUMM, BRIAN DEGUSTINO, CASEY CECNOVAR, +13 more)
No contractors reported.
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSM | $4,572,808 |
| GOLF OPERATIONS | $1,939,928 |
| ADMISSION FEES & CAPITAL | $240,025 |
| LOCKERS | $174,848 |
| ALL OTHER PROGRAM SERVICE | $79,858 |
TFounded in 1963, Thorngate Country Club reported $7.29M of revenue for FY23, at an operating margin of 2.6%. Revenue moved up 3.3% 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.