PVRE501(c)(7) · MEDIUMNAICS 713910EIN 38-3264477
Prestwick Village Golf Club
Highland, MI · founded 1998
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$3.43M
▲ 9.1% YoY
FY24 Total Expenses
$3.60M
▲ 12.8% YoY
Operating Margin
-5.0%
revenue minus expenses ÷ revenue
Employees
135
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$3.4M
▲ 4.5% / 5y
Expenses
$3.6M
▲ 12.7% / 5y
Total Assets
$14.4M
▲ 18.9% / 5y
Total Liabilities
$2.9M
▲ 105.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $3.7M | $3.7M | $3.1M | $3.4M | +4.5% |
| Expenses | $3.2M | $3.0M | $3.0M | $3.2M | $3.6M | +12.7% |
| Net surplus | $84K | $780K | $780K | -$49K | -$172K | -304.0% |
| Total assets | $12.1M | $13.5M | $13.5M | $15.0M | $14.4M | +18.9% |
| Total liabilities | $1.4M | $1.8M | $1.8M | $3.4M | $2.9M | +105.5% |
| Net assets | $10.7M | $11.7M | $11.7M | $11.6M | $11.5M | +7.4% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SHANE PRINGLE General Manager· 40h/wk | $154,608 | $14,845 |
ERIC DAVEY Golf Course Superintendent· 40h/wk | $151,447 | $5,194 |
+ 7 unpaid officers/directors as reported (DAN CLARK, DOUG SOPHIEA, JOE CONAWAY, +4 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $2,771,965 |
| GOLF FEES | $642,136 |
| INITIATION & TRANSFER FEES | $81,250 |
| LOCKER, SWIM, AND OTHER INCOME | $79,519 |
| SERVICE CHARGES | $13,552 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$2.3M
▼ $176K paid down
Net land, buildings & equipment
$12.8M
book value, net of depreciation
Facility age
32%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $66,652 |
| Depreciation & depletion | $399,164 |
| Office expenses | $15,389 |
PFounded in 1998, Prestwick Village Golf Club reported $3.43M of revenue for FY24, at an operating margin of -5.0%. Revenue moved up 9.1% 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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