WLAL501(c)(7) · MEDIUMNAICS 713910EIN 38-1144073
Walloon Lake Country Club
Petoskey, MI · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.49M
▲ 24.8% YoY
FY23 Total Expenses
$3.25M
▲ 1.6% YoY
Operating Margin
27.5%
revenue minus expenses ÷ revenue
Employees
100
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 56.3% / 5y
Expenses
$3.3M
▲ 24.0% / 5y
Total Assets
$9.9M
▲ 41.4% / 5y
Total Liabilities
$829K
▲ 98.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $3.2M | $3.2M | $3.6M | $4.5M | +56.3% |
| Expenses | $2.6M | $2.6M | $2.6M | $3.2M | $3.3M | +24.0% |
| Net surplus | $246K | $621K | $621K | $391K | $1.2M | +400.9% |
| Total assets | $7.0M | $8.3M | $8.3M | $8.4M | $9.9M | +41.4% |
| Total liabilities | $418K | $760K | $760K | $485K | $829K | +98.1% |
| Net assets | $6.6M | $7.5M | $7.5M | $7.9M | $9.1M | +37.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
HARRY DIXON General Manager· 40h/wk | $141,000 | — |
+ 9 unpaid officers/directors as reported (DANIEL VANVOORHIS, DAVID RENTSCHLER, ELIZABETH BOGO, +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 |
|---|---|
| GOLF | $578,405 |
| TENNIS, CLUBHOUSE & OTHER | $122,874 |
| YOUTH ACTIVITIES | $42,115 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$6.3M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $68,702 |
| Occupancy | $72,514 |
| Depreciation & depletion | $328,425 |
| Legal fees | $3,060 |
| Accounting fees | $52,643 |
| Other professional fees | $24,195 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Waiters and Waitresses Petoskey, MI | $38K | 6 | May 2025 → Oct 2025 |
Cooks, Restaurant Petoskey, MI | $37K | 7 | May 2025 → Oct 2025 |
Maids and Housekeeping Cleaners Petoskey, MI | $35K | 1 | Apr 2025 → Oct 2025 |
WFounded in 1945, Walloon Lake Country Club reported $4.49M of revenue for FY23, at an operating margin of 27.5%. Revenue moved up 24.8% 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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