ARRO501(c)(7) · MEDIUMNAICS 713910EIN 37-0804126

Arrowhead Country Club

Edelstein, IL · founded 1977
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$1.83M
▲ 3.6% YoY
FY23 Total Expenses
$1.44M
▲ 0.2% YoY
Operating Margin
21.4%
revenue minus expenses ÷ revenue
Employees
78
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$1.8M
▲ 95.3% / 5y
9391.31.31.81.8
Expenses
$1.4M
▲ 50.2% / 5y
9601.11.11.41.4
Total Assets
$2.2M
▲ 218.8% / 5y
7061.01.01.92.2
Total Liabilities
$1.5M
▲ 72.2% / 5y
8789849841.51.5

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$939K$1.3M$1.3M$1.8M$1.8M+95.3%
Expenses$960K$1.1M$1.1M$1.4M$1.4M+50.2%
Net surplus-$21K$217K$217K$331K$392K-1969.4%
Total assets$706K$1.0M$1.0M$1.9M$2.2M+218.8%
Total liabilities$878K$984K$984K$1.5M$1.5M+72.2%
Net assets-$172K$19K$19K$347K$738K-527.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 12 unpaid officers/directors as reported (Alex Heinzmann, Andrew McComb, Andy Poorman, +9 more)

All 12 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 itemAmount
Other Income$266,318

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$940K
$105K paid down
Net land, buildings & equipment
$1.5M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$265K$529K$794K$1.1MFY20 · $649KFY20FY21 · $649KFY21FY22 · $1.1MFY22FY23 · $940KFY23

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
Insurance$29,657
Occupancy$150,197
Depreciation & depletion$73,950
Advertising & promotion$9,807
Office expenses$14,605
Accounting fees$1,905

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.

AFounded in 1977, Arrowhead Country Club reported $1.83M of revenue for FY23, at an operating margin of 21.4%. Revenue moved up 3.6% 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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 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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