CHAS501(c)(7) · MEDIUMNAICS 713910EIN 38-0404378
Cascade Hills Country Club
Grand Rapids, MI · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.17M
▲ 5.0% YoY
FY23 Total Expenses
$10.42M
▲ 10.8% YoY
Operating Margin
-2.5%
revenue minus expenses ÷ revenue
Employees
282
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.2M
▲ 79.7% / 5y
Expenses
$10.4M
▲ 95.8% / 5y
Total Assets
$20.5M
▲ 7.1% / 5y
Total Liabilities
$11.6M
▲ 4.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.7M | $8.7M | $8.7M | $9.7M | $10.2M | +79.7% |
| Expenses | $5.3M | $8.1M | $8.1M | $9.4M | $10.4M | +95.8% |
| Net surplus | $337K | $648K | $648K | $281K | -$250K | -174.0% |
| Total assets | $19.2M | $19.1M | $19.1M | $19.6M | $20.5M | +7.1% |
| Total liabilities | $11.1M | $10.2M | $10.2M | $10.5M | $11.6M | +4.5% |
| Net assets | $8.1M | $8.9M | $8.9M | $9.2M | $8.9M | +10.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Ryan Wells General Manager· 40h/wk | $209,371 | $8,540 |
Andrew Gianino Golf Course Superintendent· 40h/wk | $155,146 | — |
Adrian Jolliffe Head Golf Professional· 40h/wk | $149,550 | $5,579 |
Erik Pohl Sommelier· 40h/wk | $124,651 | $6,135 |
Roel Smith Executive Chef· 40h/wk | $115,512 | $4,278 |
+ 9 unpaid officers/directors as reported (Chris VerMeulen, Dan Hurwitz, Dan Meyering, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Erhardt Construction Ada, MI | Construction & renovation | $689,883 |
| Gordon Food Service Chicago, IL | Supplies | $680,542 |
| Superior Foods Company Grand Rapids, MI | Supplies | $321,846 |
| Integrated Architecture Grand Rapids, MI | Course architecture | $246,268 |
| Valley City Linen Grand Rapids, MI | Supplies | $212,160 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Membership dues | $6,793,533 |
| Cart fees | $274,539 |
| Other golf revenue | $175,729 |
| Greens fees | $161,098 |
| Locker Rental | $129,150 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.9M
▲ $248K new borrowing
Net land, buildings & equipment
$18.2M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $118,116 |
| Occupancy | $537,933 |
| Depreciation & depletion | $1,194,167 |
| Information technology | $113,647 |
| Other professional fees | $150,285 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CASCADE HILLS COUNTRY CLUB 401K PLAN
pension · 62 participants · $2.1M assets · FY2024
CFounded in 1941, Cascade Hills Country Club reported $10.17M of revenue for FY23, at an operating margin of -2.5%. Revenue moved up 5.0% 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
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