FLOR501(c)(7) · MEDIUMNAICS 713910EIN 38-1443684
Forest Lake Country Club
Bloomfld Hls, MI · founded 1956
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.97M
▲ 18.3% YoY
FY23 Total Expenses
$3.36M
▲ 6.4% YoY
Operating Margin
32.5%
revenue minus expenses ÷ revenue
Employees
153
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.0M
▲ 33.8% / 5y
Expenses
$3.4M
▼ 7.0% / 5y
Total Assets
$28.0M
▲ 35.1% / 5y
Total Liabilities
$6.6M
▲ 57.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.7M | $4.8M | $4.8M | $4.2M | $5.0M | +33.8% |
| Expenses | $3.6M | $2.8M | $2.8M | $3.2M | $3.4M | -7.0% |
| Net surplus | $109K | $2.0M | $2.0M | $1.1M | $1.6M | +1389.2% |
| Total assets | $20.7M | $23.3M | $23.3M | $24.7M | $28.0M | +35.1% |
| Total liabilities | $4.2M | $4.5M | $4.5M | $4.9M | $6.6M | +57.5% |
| Net assets | $16.6M | $18.8M | $18.8M | $19.8M | $21.5M | +29.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JACKIE POLLY General Manager· 40h/wk | $169,224 | $4,834 |
RYAN MOORE Golf Course Superintendent· 40h/wk | $132,768 | $3,556 |
JEFF RACHAR Head Golf Professional· 40h/wk | $112,344 | — |
NATHANIEL OLDHAM Executive Chef· 40h/wk | $109,545 | — |
+ 9 unpaid officers/directors as reported (CREIGHTON FORESTER, DAVID PETOSKEY, FOUAD BATAH, +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 | $3,487,476 |
| GOLF CART REVENUE | $328,818 |
| GREENS FEES | $157,387 |
| RANGE AND BAG HANDLING | $69,460 |
| LOCKER RENTALS | $45,480 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.8M
▲ $1.0M new borrowing
Net land, buildings & equipment
$25.4M
book value, net of depreciation
Facility age
0%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $108,691 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
FOREST LAKE COUNTRY CLUB HERE 401(K) PROFIT SHARING PLAN
pension · 2 participants · $53K assets · FY2024
FOREST LAKE COUNTRY CLUB 401(K) PLAN
pension · 82 participants · $440K assets · FY2024
FFounded in 1956, Forest Lake Country Club reported $4.97M of revenue for FY23, at an operating margin of 32.5%. Revenue moved up 18.3% 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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