TBWI501(c)(7) · MEDIUMNAICS 713910EIN 38-1115394
Twin Beach Country Club
W Bloomfield, MI · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.42M
▲ 8.1% YoY
FY23 Total Expenses
$1.35M
▲ 12.5% YoY
Operating Margin
4.8%
revenue minus expenses ÷ revenue
Employees
44
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.4M
▲ 50.8% / 5y
Expenses
$1.3M
▲ 32.6% / 5y
Total Assets
$2.8M
▲ 16.4% / 5y
Total Liabilities
$757K
▼ 8.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $940K | $1.1M | $1.1M | $1.3M | $1.4M | +50.8% |
| Expenses | $1.0M | $945K | $945K | $1.2M | $1.3M | +32.6% |
| Net surplus | -$77K | $121K | $121K | $112K | $68K | -188.0% |
| Total assets | $2.4M | $2.5M | $2.5M | $2.7M | $2.8M | +16.4% |
| Total liabilities | $826K | $721K | $721K | $732K | $757K | -8.4% |
| Net assets | $1.5M | $1.8M | $1.8M | $1.9M | $2.0M | +29.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JIM MCGUIGAN OFFICER· 50h/wk | $111,992 | — |
+ 9 unpaid officers/directors as reported (ALLISON BERLIN, ANDY TUCKER, ARON WEBERMAN, +6 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 | $868,847 |
| INITIATION FEES | $88,750 |
| GOLF CART RENTAL | $57,050 |
| GREEN FEES | $30,920 |
| OTHER GOLF REVENUE | $8,316 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$318K
▼ $15K paid down
Net land, buildings & equipment
$2.3M
book value, net of depreciation
Facility age
21%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $36,068 |
| Depreciation & depletion | $34,800 |
| Information technology | $17,420 |
| Office expenses | $36,645 |
TFounded in 1945, Twin Beach Country Club reported $1.42M of revenue for FY23, at an operating margin of 4.8%. Revenue moved up 8.1% 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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