CDRY501(c)(7) · MEDIUMNAICS 713910EIN 38-0455585

Crystal Downs Country Club

Frankfort, MI · founded 1945
13 filings on recordFY 20112023medium confidence
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
4.04.74.74.86.2
Expenses
$4.9M
▲ 34.8% / 5y
3.74.14.14.34.9
Total Assets
$9.7M
▲ 38.5% / 5y
7.07.97.98.39.7
Total Liabilities
$726K
▲ 58.8% / 5y
458567567578726

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
MEMBERSHIP DUES & ASSE$3,359,894
PRO SHOP SALES$816,574
GREEN FEES$760,531
FOOD & BEVERAGE SALES$692,575
CART FEES$425,628

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
Form 990, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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