MARS501(c)(7) · MEDIUMNAICS 713910EIN 38-0793560
Marshall Country Club
Marshall, MI · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$679k
▼ 5.0% YoY
FY23 Total Expenses
$752k
▲ 1.1% YoY
Operating Margin
-10.7%
revenue minus expenses ÷ revenue
Employees
47
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$679K
▲ 39.6% / 5y
Expenses
$752K
▲ 39.1% / 5y
Total Assets
$1.2M
▼ 9.0% / 5y
Total Liabilities
$486K
▼ 1.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $487K | $652K | $652K | $715K | $679K | +39.6% |
| Expenses | $540K | $631K | $631K | $744K | $752K | +39.1% |
| Net surplus | -$54K | $21K | $21K | -$29K | -$73K | +34.9% |
| Total assets | $1.4M | $1.4M | $1.4M | $1.3M | $1.2M | -9.0% |
| Total liabilities | $492K | $578K | $578K | $482K | $486K | -1.2% |
| Net assets | $865K | $848K | $848K | $821K | $749K | -13.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (CAROL BAGI, JOSEPH PALCHAK, KARL LOOMIS, +4 more)
All 7 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 |
|---|---|
| CART RENTAL | $90,941 |
| GREEN FEES | $81,857 |
| LEAGUES | $31,799 |
| TOURNAMENT FEES | $3,382 |
| ALL OTHER PROGRAM SERVICE REV | $3,148 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
30%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $19,635 |
| Depreciation & depletion | $55,034 |
| Advertising & promotion | $2,809 |
| Office expenses | $761 |
| Accounting fees | $8,200 |
MFounded in 1945, Marshall Country Club reported $679k of revenue for FY23, at an operating margin of -10.7%. Revenue moved down 5.0% 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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