PLIN501(c)(7) · MEDIUMNAICS 713910EIN 38-0930080
Pine Lake Country Club
Orchard Lake, MI · founded 1942
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.28M
▲ 0.0% YoY
FY23 Total Expenses
$6.52M
▲ 0.0% YoY
Operating Margin
21.3%
revenue minus expenses ÷ revenue
Employees
305
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$8.3M
▼ 3.8% / 5y
Expenses
$6.5M
▲ 16.8% / 5y
Total Assets
$25.2M
▲ 68.9% / 5y
Total Liabilities
$13.1M
▲ 132.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.6M | $8.6M | $7.3M | $8.3M | $8.3M | -3.8% |
| Expenses | $5.6M | $5.6M | $6.6M | $6.5M | $6.5M | +16.8% |
| Net surplus | $3.0M | $3.0M | $715K | $1.8M | $1.8M | -41.9% |
| Total assets | $14.9M | $14.9M | $15.6M | $25.2M | $25.2M | +68.9% |
| Total liabilities | $5.6M | $5.6M | $5.3M | $13.1M | $13.1M | +132.9% |
| Net assets | $9.3M | $9.3M | $10.4M | $12.1M | $12.1M | +30.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
GREGORY J COLOMBO FORMER COO· 50h/wk | $262,465 | $15,686 |
TERRY POLEY Golf Course Superintendent· 40h/wk | $198,567 | $10,373 |
MARK NOWOSIELSKI Head Golf Professional· 40h/wk | $194,922 | $3,917 |
PJOTRS NECAJEVS Director of Racquets· 40h/wk | $165,411 | $18,777 |
SCOTT SHAPIN ASSISTANT GOLF PROFESSIONAL· 40h/wk | $142,152 | $6,594 |
+ 10 unpaid officers/directors as reported (ELLEN N CHASE, GARY J GLORIO, JIM FRIEL, +7 more)
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 | $3,994,598 |
| ASSESSMENTS | $2,196,033 |
| SUSTAINABILITY FEE | $1,246,347 |
| GREEN & CART FEES | $374,312 |
| INDOOR/OUTDOOR TENNIS INCOME | $263,192 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$8.9M
▲ $5.9M new borrowing
Net land, buildings & equipment
$22.2M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $126,956 |
| Depreciation & depletion | $660,000 |
| Office expenses | $33,549 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
PINE LAKE COUNTRY CLUB EMPLOYEE 401(K) PLAN
pension · 28 participants · $2.0M assets · FY2024
PFounded in 1942, Pine Lake Country Club reported $8.28M of revenue for FY23, at an operating margin of 21.3%. Revenue moved up 0.0% 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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