MEAD501(c)(7) · MEDIUMNAICS 713910EIN 38-0813930
Meadowbrook Country Club
Northville, MI · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.13M
▲ 28.7% YoY
FY23 Total Expenses
$8.27M
▲ 3.4% YoY
Operating Margin
25.6%
revenue minus expenses ÷ revenue
Employees
254
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.1M
▲ 46.1% / 5y
Expenses
$8.3M
▲ 13.6% / 5y
Total Assets
$25.7M
▲ 73.0% / 5y
Total Liabilities
$10.7M
▲ 53.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.6M | $10.0M | $10.0M | $8.6M | $11.1M | +46.1% |
| Expenses | $7.3M | $7.3M | $7.3M | $8.0M | $8.3M | +13.6% |
| Net surplus | $333K | $2.6M | $2.6M | $645K | $2.9M | +757.4% |
| Total assets | $14.8M | $16.0M | $16.0M | $20.0M | $25.7M | +73.0% |
| Total liabilities | $6.9M | $4.5M | $4.5M | $7.9M | $10.7M | +53.6% |
| Net assets | $7.9M | $11.5M | $11.5M | $12.1M | $15.0M | +90.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Brian Runge General Manager· 60h/wk | $181,774 | $13,600 |
Jared Milner Golf Course Superintendent· 40h/wk | $162,385 | $43,742 |
Carl Miller Controller· 40h/wk | $131,114 | $13,289 |
Michael Erickson Head Golf Professional· 40h/wk | $101,980 | $4,546 |
Mark Stevens Director of Golf· 40h/wk | $98,336 | $25,537 |
Mark Dixon Executive Chef· 40h/wk | $93,566 | $14,579 |
Donna Collier Director of Catering· 40h/wk | $87,331 | $18,996 |
Dennis McVety Asst Course Superintendent· 40h/wk | $79,121 | $28,610 |
+ 9 unpaid officers/directors as reported (Jatinder-Bir Sandu, Jeff Terrill, John Artz, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Mark Stevens Golf Shop Inc Northville, MI | Pro Shop | $1,120,150 |
| Grand Slam Bath Northville, MO | Pool & racquet | $161,113 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Membership dues | $7,872,950 |
| Golf cart rental | $596,204 |
| Greens fees | $423,778 |
| Other golf fees | $217,802 |
| Locker and bag storage fees | $183,840 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.4M
▲ $3.8M new borrowing
Net land, buildings & equipment
$24.1M
book value, net of depreciation
Facility age
51%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $193,043 |
| Occupancy | $272,031 |
| Depreciation & depletion | $1,005,338 |
| Advertising & promotion | $3,591 |
| Other professional fees | $62,226 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MEADOWBROOK COUNTRY CLUB 401(K) AND PROFIT SHARING PLAN
pension · 25 participants · $2.9M assets · FY2024
MFounded in 1942, Meadowbrook Country Club reported $11.13M of revenue for FY23, at an operating margin of 25.6%. Revenue moved up 28.7% 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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