PPAL501(c)(7) · MEDIUMNAICS 713910EIN 38-1276551
Palisades Park Country Club
Covert, MI · founded 1946
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$616k
▼ 0.6% YoY
FY23 Total Expenses
$544k
▲ 9.5% YoY
Operating Margin
11.6%
revenue minus expenses ÷ revenue
Employees
23
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$616K
▲ 15.7% / 5y
Expenses
$544K
▲ 5.1% / 5y
Total Assets
$4.0M
▲ 51.8% / 5y
Total Liabilities
$37K
▲ 38.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $532K | $716K | $716K | $619K | $616K | +15.7% |
| Expenses | $518K | $595K | $595K | $497K | $544K | +5.1% |
| Net surplus | $14K | $122K | $122K | $122K | $71K | +396.7% |
| Total assets | $2.6M | $3.8M | $3.8M | $3.9M | $4.0M | +51.8% |
| Total liabilities | $27K | $51K | $51K | $34K | $37K | +38.9% |
| Net assets | $2.6M | $3.8M | $3.8M | $3.9M | $4.0M | +51.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (BRIAN ROCHE, DAVE SIMONELLI, JAMIE SLOAN, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| MEMBER EVENTS REVENUE | $15,632 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$8K
▼ $7K paid down
Net land, buildings & equipment
$3.2M
book value, net of depreciation
Facility age
37%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $35,550 |
| Occupancy | $111,539 |
| Depreciation & depletion | $112,012 |
| Information technology | $3,468 |
| Office expenses | $841 |
| Legal fees | $6,458 |
| Accounting fees | $18,094 |
PFounded in 1946, Palisades Park Country Club reported $616k of revenue for FY23, at an operating margin of 11.6%. Revenue moved down 0.6% 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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