GORE501(c)(7) · MEDIUMNAICS 713910EIN 38-2274018
Great Oaks Country Club Inc
Rochester, MI · founded 1980
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.44M
▲ 10.1% YoY
FY23 Total Expenses
$5.33M
▲ 10.7% YoY
Operating Margin
28.3%
revenue minus expenses ÷ revenue
Employees
283
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.4M
▲ 36.8% / 5y
Expenses
$5.3M
▲ 0.7% / 5y
Total Assets
$13.5M
▲ 63.3% / 5y
Total Liabilities
$4.3M
▼ 11.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.4M | $4.9M | $4.9M | $6.8M | $7.4M | +36.8% |
| Expenses | $5.3M | $3.7M | $3.7M | $4.8M | $5.3M | +0.7% |
| Net surplus | $143K | $1.2M | $1.2M | $1.9M | $2.1M | +1371.9% |
| Total assets | $8.3M | $9.2M | $9.2M | $11.4M | $13.5M | +63.3% |
| Total liabilities | $4.8M | $3.8M | $3.8M | $4.2M | $4.3M | -11.8% |
| Net assets | $3.4M | $5.4M | $5.4M | $7.2M | $9.2M | +169.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SHAWN SCHROEDER General Manager· 40h/wk | $177,747 | $17,319 |
DON KNOP Golf Course Superintendent· 40h/wk | $158,703 | $22,458 |
NATHAN LEWIS Executive Chef· 40h/wk | $135,566 | $18,545 |
MARK MARAS Head Golf Professional· 40h/wk | $112,799 | $6,188 |
+ 12 unpaid officers/directors as reported (AARON HAGER, ANTHONY SANNA, DAN LAMBERT, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Albaugh Masonry Stone & Tile Inc WATERFORD, MI | MASONRY | $118,521 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $1,984,073 |
| GOLF PRIVILEGE FEES | $1,080,613 |
| GREENS & CART FEES | $1,014,014 |
| INITIATION FEES | $644,000 |
| LOCKER FEES | $89,990 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.5M
▲ $75K new borrowing
Net land, buildings & equipment
$11.7M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $70,542 |
| Depreciation & depletion | $815,159 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
GREAT OAKS COUNTRY CLUB, INC. 401(K) PLAN
pension · 46 participants · $1.9M assets · FY2024
GFounded in 1980, Great Oaks Country Club Inc reported $7.44M of revenue for FY23, at an operating margin of 28.3%. Revenue moved up 10.1% 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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