CARM501(c)(7) · MEDIUMNAICS 713910EIN 37-0206185
Carmi Country Club
Carmi, IL · founded 1940
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$527k
▲ 40.9% YoY
FY23 Total Expenses
$428k
▲ 10.9% YoY
Operating Margin
18.8%
revenue minus expenses ÷ revenue
Employees
14
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$527K
▲ 51.0% / 5y
Expenses
$428K
▲ 37.3% / 5y
Total Assets
$358K
▲ 52.4% / 5y
Total Liabilities
$222K
▼ 4.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $349K | $387K | $387K | $374K | $527K | +51.0% |
| Expenses | $312K | $356K | $356K | $386K | $428K | +37.3% |
| Net surplus | $37K | $31K | $31K | -$12K | $99K | +165.4% |
| Total assets | $235K | $259K | $259K | $277K | $358K | +52.4% |
| Total liabilities | $232K | $210K | $210K | $239K | $222K | -4.1% |
| Net assets | $3K | $49K | $49K | $37K | $136K | +3982.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (AUDREY ELWOOD, DAVID HIGGINSON, JAY EMERY, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| CART & GREEN FEE | $259,080 |
| MISCELLANEOUS | $1,706 |
| SALE OF SUPPLIES | $1,000 |
| FACILITY RENTAL | $990 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$245K
book value, net of depreciation
Facility age
81%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $26,500 |
| Insurance | $18,010 |
| Occupancy | $17,879 |
| Depreciation & depletion | $46,378 |
| Information technology | $0 |
| Advertising & promotion | $898 |
| Office expenses | $2,631 |
| Legal fees | $0 |
| Accounting fees | $3,036 |
| Other professional fees | $8,720 |
CFounded in 1940, Carmi Country Club reported $527k of revenue for FY23, at an operating margin of 18.8%. Revenue moved up 40.9% 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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