INVE501(c)(7) · MEDIUMNAICS 713910EIN 38-0680025

Inverness Country Club

Chelsea, MI · founded 1947
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$601k
▲ 17.5% YoY
FY23 Total Expenses
$448k
▲ 21.2% YoY
Operating Margin
25.4%
revenue minus expenses ÷ revenue
Employees
23
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$601K
▲ 109.9% / 5y
286397397512601
Expenses
$448K
▲ 58.5% / 5y
283310310370448
Total Assets
$714K
▲ 294.7% / 5y
181326326476714
Total Liabilities
$93K
no prior year
000893

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$286K$397K$397K$512K$601K+109.9%
Expenses$283K$310K$310K$370K$448K+58.5%
Net surplus$4K$87K$87K$142K$153K+4183.2%
Total assets$181K$326K$326K$476K$714K+294.7%
Total liabilities$0$0$0$8K$93K
Net assets$181K$326K$326K$468K$620K+243.0%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 12 unpaid officers/directors as reported (Adam Tillman, Brent Martin, Bryan Hayes, +9 more)

All 12 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 itemAmount
Membership Dues$347,987
Miscellaneous Income$65,392
Initiation Fees$29,750
Greens Fees$22,735
Member Clubhouse Use$17,575

IFounded in 1947, Inverness Country Club reported $601k of revenue for FY23, at an operating margin of 25.4%. Revenue moved up 17.5% 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
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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