SALE501(c)(7) · MEDIUMNAICS 713910EIN 37-0498695
Salem Country Club
Salem, IL · founded 1951
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$578k
▲ 12.6% YoY
FY23 Total Expenses
$610k
▲ 20.2% YoY
Operating Margin
-5.6%
revenue minus expenses ÷ revenue
Employees
21
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$578K
▲ 36.9% / 5y
Expenses
$610K
▲ 40.9% / 5y
Total Assets
$464K
▲ 0.8% / 5y
Total Liabilities
$178K
▼ 17.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $422K | $523K | $523K | $513K | $578K | +36.9% |
| Expenses | $433K | $480K | $480K | $508K | $610K | +40.9% |
| Net surplus | -$11K | $43K | $43K | $6K | -$32K | +199.4% |
| Total assets | $461K | $541K | $541K | $513K | $464K | +0.8% |
| Total liabilities | $214K | $228K | $228K | $194K | $178K | -17.1% |
| Net assets | $247K | $314K | $314K | $319K | $287K | +16.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (Craig Phillips, Don Bryant, Keli Barrow, +6 more)
All 9 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 |
|---|---|
| Golf Course/Country Club | $233,593 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$27K
▼ $10K paid down
Net land, buildings & equipment
$331K
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $27,610 |
| Occupancy | $65,294 |
| Depreciation & depletion | $29,279 |
| Advertising & promotion | $455 |
| Office expenses | $31,836 |
| Accounting fees | $1,600 |
SFounded in 1951, Salem Country Club reported $578k of revenue for FY23, at an operating margin of -5.6%. Revenue moved up 12.6% 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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