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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

FHRA501(c)(7) · MEDIUMNAICS 713910EIN 38-0555850

Franklin Hills Country Club

Franklin, MI · founded 1945

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$9.60M

▼ 5.2% YoY

FY23 Total Expenses

$8.26M

▼ 20.3% YoY

Operating Margin

13.9%

revenue minus expenses ÷ revenue

Employees

231

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.6M

▲ 8.0% / 5y

Expenses

$8.3M

▼ 10.2% / 5y

Total Assets

$12.3M

▲ 31.3% / 5y

Total Liabilities

$1.8M

▲ 88.0% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.9M	$9.1M	$9.1M	$10.1M	$9.6M	+8.0%
Expenses	$9.2M	$9.6M	$9.6M	$10.4M	$8.3M	-10.2%
Net surplus	-$309K	-$512K	-$512K	-$228K	$1.3M	-533.5%
Total assets	$9.4M	$11.4M	$11.4M	$14.9M	$12.3M	+31.3%
Total liabilities	$932K	$2.0M	$2.0M	$6.0M	$1.8M	+88.0%
Net assets	$8.4M	$9.5M	$9.5M	$8.9M	$10.5M	+25.0%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
LAURENT FREGONARA General Manager· 40h/wk	$250,518	$28,153
BRIAN SCHWEIHOFER GREENS SUPER· 40h/wk	$228,600	$25,197
KEITH BJERTNESS Executive Chef· 40h/wk	$227,003	$21,057
JEFFERY FERRY Head Golf Professional· 40h/wk	$175,500	$23,828
FRED KARK Controller· 40h/wk	$168,644	$26,517
PHIL NORVILLE Head Tennis Professional· 40h/wk	$165,080	—

+ 12 unpaid officers/directors as reported (DAVID SILLMAN, DR CHARLES SCHWARTZ, DR JEFFREY SHAPIRO, +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	$5,831,674
ASSESSMENTS	$2,792,233
GREEN FEES, BAG STORAGE	$789,538
CART RENTALS	$432,936
INITIATION FEES	$384,567

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$7.4M

book value, net of depreciation

Facility age

64%

accumulated depreciation ÷ cost — higher = older plant

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	$810,874
Occupancy	$464,984
Depreciation & depletion	$765,118
Office expenses	$31,998
Accounting fees	$38,332
Other professional fees	$1,645

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.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

FRANKLIN HILLS COUNTRY CLUB 401(K) PLAN

pension · 39 participants · $5.4M assets · FY2024

FRANKLIN HILLS COUNTRY CLUB UNION 401(K) PLAN

pension · 26 participants · $714K assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

FFounded in 1945, Franklin Hills Country Club reported $9.60M of revenue for FY23, at an operating margin of 13.9%. Revenue moved down 5.2% 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)

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