KNOL501(c)(7) · MEDIUMNAICS 713910EIN 38-0724060
Knollwood Country Club
W Bloomfield, MI · founded 1945
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$7.33M
▲ 46.9% YoY
FY24 Total Expenses
$5.02M
▲ 3.1% YoY
Operating Margin
31.4%
revenue minus expenses ÷ revenue
Employees
128
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$7.3M
▼ 25.5% / 5y
Expenses
$5.0M
▼ 19.7% / 5y
Total Assets
$8.1M
▲ 50.6% / 5y
Total Liabilities
$2.5M
▼ 12.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.8M | $4.8M | $4.8M | $5.0M | $7.3M | -25.5% |
| Expenses | $6.3M | $4.0M | $4.0M | $4.9M | $5.0M | -19.7% |
| Net surplus | $3.6M | $749K | $749K | $118K | $2.3M | -35.5% |
| Total assets | $5.4M | $6.2M | $6.2M | $6.2M | $8.1M | +50.6% |
| Total liabilities | $2.9M | $3.0M | $3.0M | $2.9M | $2.5M | -12.8% |
| Net assets | $2.5M | $3.2M | $3.2M | $3.3M | $5.6M | +125.1% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 13 unpaid officers/directors as reported (ADAM BEHRENDT, AMY GROSINGER, DOUG LEVINE, +10 more)
All 13 listed officers reported $0 compensation — volunteer board.
Top contractors
FY24 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Cost Plus Construction LLC WATERFORD, MI | Construction & renovation | $140,899 |
| Asphalt Specialties LLC PONTIAC, MI | Construction & renovation | $113,045 |
| Troon Golf LLC SCOTTSDALE, AZ | Management services | $104,615 |
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $3,443,334 |
| CARTS AND GREEN FEES | $434,559 |
| OTHER PROGRAM SERVICE REVENUE | $432,081 |
| BAG, RANGE, & LOCKER FEES | $248,251 |
| NON-MEMBER-GOLF OUTING | $242,071 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$958K
▼ $47K paid down
Net land, buildings & equipment
$4.8M
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $171,244 |
| Depreciation & depletion | $402,311 |
| Advertising & promotion | $8,182 |
KFounded in 1945, Knollwood Country Club reported $7.33M of revenue for FY24, at an operating margin of 31.4%. Revenue moved up 46.9% 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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