ILLI501(c)(7) · MEDIUMNAICS 713910EIN 37-0341170

Illini Country Club

Springfield, IL · founded 1934
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$4.71M
▲ 2.0% YoY
FY23 Total Expenses
$3.81M
▲ 3.6% YoY
Operating Margin
19.0%
revenue minus expenses ÷ revenue
Employees
217
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$4.7M
no prior year
04.24.24.64.7
Expenses
$3.8M
no prior year
03.13.13.73.8
Total Assets
$10.7M
▲ 1065877200.0% / 5y
09.09.09.610.7
Total Liabilities
$4.0M
no prior year
04.24.23.94.0

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$0$4.2M$4.2M$4.6M$4.7M
Expenses$0$3.1M$3.1M$3.7M$3.8M
Net surplus$0$1.1M$1.1M$936K$897K
Total assets$1$9.0M$9.0M$9.6M$10.7M+1065877200.0%
Total liabilities$0$4.2M$4.2M$3.9M$4.0M
Net assets$4.8M$4.8M$5.8M$6.7M+37.9%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
Zachary Lewis
General Mgr/COO· 40h/wk
$164,864$43,647
Drew Murphy
Dir of Clbhse Ops· 40h/wk
$134,684$16,780
Curtis Keller
Dir of Agronomy· 40h/wk
$122,716$30,946
Michelle Engle
Controller· 30h/wk
$120,758$4,449
Cody Baltusevich
Head Golf Professional· 40h/wk
$119,748$12,053
Rick McRill
Executive Chef· 40h/wk
$112,626$12,053

+ 10 unpaid officers/directors as reported (Bill Bloink, Carl Giganti, Dale Becker, +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 itemAmount
Dues, Assessments and Fee$3,965,275
Golf$566,423
Social Events$122,286
Food & Beverage$50,498
Golf Tournaments$47,766

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.7M
$329K paid down
Net land, buildings & equipment
$8.4M
book value, net of depreciation
Facility age
42%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$825K$1.7M$2.5M$3.3MFY20 · $3.3MFY20FY21 · $3.3MFY21FY22 · $3.0MFY22FY23 · $2.7MFY23

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$125,243
Occupancy$405,579
Depreciation & depletion$447,191
Information technology$63,633
Advertising & promotion$0
Office expenses$10,470
Legal fees$0
Accounting fees$16,418
Other professional fees$0

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
ILLINI COUNTRY CLUB 401(K) PLAN
pension · 32 participants · $1.6M 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.

IFounded in 1934, Illini Country Club reported $4.71M of revenue for FY23, at an operating margin of 19.0%. Revenue moved up 2.0% 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)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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