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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

CFON501(c)(7) · MEDIUMNAICS 713910EIN 36-3766444

Conway Farms Golf Club Inc

Lake Forest, IL · founded 2000

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$9.04M

▲ 20.1% YoY

FY23 Total Expenses

$7.66M

▲ 19.7% YoY

Operating Margin

15.2%

revenue minus expenses ÷ revenue

Employees

170

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.0M

▲ 54.1% / 5y

Expenses

$7.7M

▲ 39.1% / 5y

Total Assets

$32.5M

▲ 32.3% / 5y

Total Liabilities

$9.1M

▲ 46.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$5.9M	$8.7M	$8.7M	$7.5M	$9.0M	+54.1%
Expenses	$5.5M	$5.4M	$5.4M	$6.4M	$7.7M	+39.1%
Net surplus	$360K	$3.3M	$3.3M	$1.1M	$1.4M	+283.4%
Total assets	$24.5M	$28.2M	$28.2M	$33.1M	$32.5M	+32.3%
Total liabilities	$6.2M	$5.4M	$5.4M	$9.1M	$9.1M	+46.4%
Net assets	$18.3M	$22.8M	$22.8M	$24.0M	$23.4M	+27.5%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
Todd Marsh COO· 40h/wk	$406,328	$31,602
Connor Healy Golf Course Superintendent· 40h/wk	$338,963	$25,625
Jeff Mory Director of Golf· 40h/wk	$221,285	$27,448
Mark Lindstrom Executive Chef· 40h/wk	$152,649	$23,941
Kristina Rizzo-Estrada Controller· 40h/wk	$139,067	$16,212
Andrew Adamsick Head Golf Professional· 40h/wk	$131,766	$11,168
Samuel Loeblien Sous Chef· 40h/wk	$118,942	$4,912

+ 12 unpaid officers/directors as reported (James Maurer, James Nolan, Jim Spitz, +9 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	$7,687,933
GOLF RELATED FEES	$1,243,181
PRIVATE PARTY & MISC REV	$55,608
MISC REVENUE - GOLF	$6,317

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$29.3M

book value, net of depreciation

Facility age

29%

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

Management fees	$0
Insurance	$82,304
Occupancy	$236,119
Depreciation & depletion	$1,263,717
Information technology	$97,527
Advertising & promotion	$0
Office expenses	$77,568
Legal fees	$35,634
Accounting fees	$24,080
Other professional fees	$48,189

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

CFGC EMPLOYEE RETIREMENT PLAN

pension · 95 participants · $10.8M 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 2000, Conway Farms Golf Club Inc reported $9.04M of revenue for FY23, at an operating margin of 15.2%. Revenue moved up 20.1% 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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