HILL501(c)(7) · MEDIUMNAICS 713910EIN 38-0650687
Hillsdale Golf & Country Club
Hillsdale, MI · founded 1947
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$461k
▼ 21.8% YoY
FY23 Total Expenses
$381k
▼ 26.3% YoY
Operating Margin
17.2%
revenue minus expenses ÷ revenue
Employees
10
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$461K
▲ 60.3% / 5y
Expenses
$381K
▲ 61.1% / 5y
Total Assets
$565K
▲ 5.5% / 5y
Total Liabilities
$57K
▼ 33.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $287K | $342K | $342K | $589K | $461K | +60.3% |
| Expenses | $237K | $316K | $316K | $517K | $381K | +61.1% |
| Net surplus | $50K | $26K | $26K | $71K | $79K | +56.9% |
| Total assets | $536K | $537K | $537K | $595K | $565K | +5.5% |
| Total liabilities | $85K | $104K | $104K | $129K | $57K | -33.1% |
| Net assets | $451K | $432K | $432K | $466K | $509K | +12.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 4 unpaid officers/directors as reported (CRAIG CONNOR, DAVID BURGEE, DAVID GOSSAGE, +1 more)
All 4 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 |
|---|---|
| MEMBERSHIP DUES | $254,892 |
| GOLF CARTS | $70,859 |
| INSURANCE PROCEEDS | $58,272 |
| BOAT SLIPS | $24,945 |
| PROMOTIONAL | $18,775 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$431K
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $15,582 |
| Occupancy | $15,815 |
| Depreciation & depletion | $19,301 |
| Advertising & promotion | $340 |
| Office expenses | $48,381 |
| Accounting fees | $2,901 |
HFounded in 1947, Hillsdale Golf & Country Club reported $461k of revenue for FY23, at an operating margin of 17.2%. Revenue moved down 21.8% 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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