GLUL501(c)(7) · MEDIUMNAICS 713910EIN 38-0615040

Gull Lake Country Club

Richland, MI · founded 1934
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$4.60M
▲ 9.2% YoY
FY23 Total Expenses
$4.73M
▲ 7.5% YoY
Operating Margin
-2.9%
revenue minus expenses ÷ revenue
Employees
185
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$4.6M
▲ 38.4% / 5y
3.33.14.14.24.6
Expenses
$4.7M
▲ 48.0% / 5y
3.23.34.14.44.7
Total Assets
$7.8M
▲ 5.4% / 5y
7.48.38.08.07.8
Total Liabilities
$4.7M
▲ 22.4% / 5y
3.95.04.74.84.7

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$3.3M$3.1M$4.1M$4.2M$4.6M+38.4%
Expenses$3.2M$3.3M$4.1M$4.4M$4.7M+48.0%
Net surplus$125K-$198K-$18K-$192K-$134K-207.1%
Total assets$7.4M$8.3M$8.0M$8.0M$7.8M+5.4%
Total liabilities$3.9M$5.0M$4.7M$4.8M$4.7M+22.4%
Net assets$3.5M$3.3M$3.3M$3.2M$3.0M-13.3%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
Steve Williams
General Manager· 40h/wk
$230,000

+ 11 unpaid officers/directors as reported (Bill Sikkema, Blake Crocker, Colleen Krueger, +8 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$3,008,181
Golf course$462,254
Other revenue$196,096
Boating activities$153,860

GFounded in 1934, Gull Lake Country Club reported $4.60M of revenue for FY23, at an operating margin of -2.9%. Revenue moved up 9.2% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 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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