CDRY501(c)(7) · MEDIUMNAICS 713910EIN 38-0455585
Crystal Downs Country Club
Frankfort, MI · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.17M
▲ 29.3% YoY
FY23 Total Expenses
$4.94M
▲ 14.1% YoY
Operating Margin
19.8%
revenue minus expenses ÷ revenue
Employees
103
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.2M
▲ 53.0% / 5y
Expenses
$4.9M
▲ 34.8% / 5y
Total Assets
$9.7M
▲ 38.5% / 5y
Total Liabilities
$726K
▲ 58.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.0M | $4.7M | $4.7M | $4.8M | $6.2M | +53.0% |
| Expenses | $3.7M | $4.1M | $4.1M | $4.3M | $4.9M | +34.8% |
| Net surplus | $361K | $616K | $616K | $434K | $1.2M | +238.8% |
| Total assets | $7.0M | $7.9M | $7.9M | $8.3M | $9.7M | +38.5% |
| Total liabilities | $458K | $567K | $567K | $578K | $726K | +58.8% |
| Net assets | $6.5M | $7.3M | $7.3M | $7.7M | $9.0M | +37.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL MORRIS GOLF COURSE SUPER.· 40h/wk | $171,404 | — |
MATTHEW SMITH Head Golf Professional· 40h/wk | $163,000 | — |
WENDY MCDANIEL ASST. SEC./TREASURER· 40h/wk | $87,550 | — |
+ 12 unpaid officers/directors as reported (DARCY A HOWE, DIANA CURRAN-GALEJS, JEFFREY A CRAIG, +9 more)
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 |
|---|---|
| MEMBERSHIP DUES & ASSE | $3,359,894 |
| PRO SHOP SALES | $816,574 |
| GREEN FEES | $760,531 |
| FOOD & BEVERAGE SALES | $692,575 |
| CART FEES | $425,628 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$7.3M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $82,203 |
| Occupancy | $12,458 |
| Depreciation & depletion | $458,281 |
| Information technology | $37,017 |
| Accounting fees | $4,928 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CRYSTAL DOWNS COUNTRY CLUB 401(K) PLAN
pension · 19 participants · $1.3M assets · FY2024
CFounded in 1945, Crystal Downs Country Club reported $6.17M of revenue for FY23, at an operating margin of 19.8%. Revenue moved up 29.3% 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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