DLUC501(c)(7) · MEDIUMNAICS 713910EIN 38-0498970
Duck Lake Golf Club
Albion, MI · founded 1966
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.03M
▲ 1.5% YoY
FY23 Total Expenses
$1.15M
▲ 20.1% YoY
Operating Margin
-12.5%
revenue minus expenses ÷ revenue
Employees
53
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.0M
▲ 72.3% / 5y
Expenses
$1.2M
▲ 93.3% / 5y
Total Assets
$1.3M
▲ 67.3% / 5y
Total Liabilities
$1.1M
▲ 99.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $596K | $596K | $896K | $1.0M | $1.0M | +72.3% |
| Expenses | $597K | $597K | $806K | $961K | $1.2M | +93.3% |
| Net surplus | -$2K | -$2K | $90K | $50K | -$129K | +7315.3% |
| Total assets | $779K | $779K | $880K | $1.3M | $1.3M | +67.3% |
| Total liabilities | $536K | $536K | $606K | $971K | $1.1M | +99.1% |
| Net assets | $243K | $243K | $274K | $324K | $236K | -3.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (DARRELL VANDERSTELT, DARRIN SMITH, DAVE SHAFER, +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 REVENUE | $494,914 |
| RESTAURANT SALES | $209,224 |
| BAR SALES | $153,938 |
| PRO SHOP | $59,394 |
| GREEN FEES - NON MEMBER | $30,408 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$457K
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $15,351 |
| Occupancy | $75,219 |
| Depreciation & depletion | $61,816 |
| Advertising & promotion | $5,318 |
| Office expenses | $5,388 |
| Accounting fees | $1,100 |
DFounded in 1966, Duck Lake Golf Club reported $1.03M of revenue for FY23, at an operating margin of -12.5%. Revenue moved up 1.5% 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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