WEQU501(c)(7) · MEDIUMNAICS 713910EIN 38-1159135
Wequetonsing Golf Club
Harbor Springs, MI · founded 1991
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.48M
▲ 42.3% YoY
FY23 Total Expenses
$1.78M
▲ 4.1% YoY
Operating Margin
-20.5%
revenue minus expenses ÷ revenue
Employees
49
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.5M
▲ 37.2% / 5y
Expenses
$1.8M
▲ 47.4% / 5y
Total Assets
$4.9M
▲ 34.1% / 5y
Total Liabilities
$103K
▲ 97.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.0M | $1.0M | $1.0M | $1.5M | +37.2% |
| Expenses | $1.2M | $1.3M | $1.3M | $1.7M | $1.8M | +47.4% |
| Net surplus | -$131K | -$246K | -$246K | -$674K | -$304K | +131.8% |
| Total assets | $3.6M | $5.1M | $5.1M | $4.9M | $4.9M | +34.1% |
| Total liabilities | $52K | $29K | $29K | $146K | $103K | +97.6% |
| Net assets | $3.6M | $5.0M | $5.0M | $4.8M | $4.8M | +33.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DEBBIE ESPOSITO Controller· 40h/wk | $23,077 | $692 |
+ 9 unpaid officers/directors as reported (FRITZ SOUDER, GREGORY W FISHER, GUNBY GARRARD, +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 | $1,009,000 |
| GOLF COURSE | $324,130 |
| RESTAURANT | $93,192 |
| NONMEMBER GOLF ACTIVIT | $33,180 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$4.6M
book value, net of depreciation
Facility age
32%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $114,884 |
| Depreciation & depletion | $231,752 |
| Information technology | $9,291 |
| Office expenses | $5,428 |
| Accounting fees | $49,966 |
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Landscaping and Groundskeeping Workers Harbor Springs, MI | $39K | 3 | Mar 2025 → Nov 2025 |
WFounded in 1991, Wequetonsing Golf Club reported $1.48M of revenue for FY23, at an operating margin of -20.5%. Revenue moved up 42.3% 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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