BLAC501(c)(7) · MEDIUMNAICS 713910EIN 39-0168535
Blackhawk Country Club Inc
Madison, WI · founded 1948
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.06M
▼ 1.5% YoY
FY23 Total Expenses
$4.10M
▲ 6.2% YoY
Operating Margin
-1.0%
revenue minus expenses ÷ revenue
Employees
119
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.1M
▲ 17.7% / 5y
Expenses
$4.1M
▲ 18.2% / 5y
Total Assets
$5.6M
▲ 47.6% / 5y
Total Liabilities
$3.4M
▲ 13.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.5M | $4.6M | $4.6M | $4.1M | $4.1M | +17.7% |
| Expenses | $3.5M | $3.5M | $3.5M | $3.9M | $4.1M | +18.2% |
| Net surplus | -$21K | $1.1M | $1.1M | $258K | -$42K | +98.7% |
| Total assets | $3.8M | $5.0M | $5.0M | $5.3M | $5.6M | +47.6% |
| Total liabilities | $3.0M | $3.0M | $3.0M | $3.0M | $3.4M | +13.8% |
| Net assets | $803K | $2.0M | $2.0M | $2.2M | $2.2M | +172.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DEREK SCHNARR DIRECTOR OF CLUB OPERATION· 40h/wk | $170,444 | $21,518 |
CHAD GRIMM Golf Course Superintendent· 40h/wk | $110,950 | $19,737 |
TODD WEISENBECK Executive Chef· 40h/wk | $102,071 | $2,749 |
+ 11 unpaid officers/directors as reported (BRENT REED, DARLENE BRODBECK, DR ROB OLSON, +8 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 | $2,335,378 |
| GREEN FEES | $216,525 |
| CART AND PULL CART RENTALS | $149,902 |
| TOURNAMENT FEES | $72,686 |
| NETWORKING EVENTS | $68,849 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$347K
▲ $256K new borrowing
Net land, buildings & equipment
$3.0M
book value, net of depreciation
Facility age
71%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $76,992 |
| Occupancy | $594,858 |
| Depreciation & depletion | $273,759 |
| Information technology | $76,974 |
| Advertising & promotion | $29,685 |
| Office expenses | $164,344 |
| Accounting fees | $106,006 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BLACKHAWK COUNTRY CLUB, INC. PROFIT SHARING PLAN AND TRUST
pension · 25 participants · $2.1M assets · FY2024
BFounded in 1948, Blackhawk Country Club Inc reported $4.06M of revenue for FY23, at an operating margin of -1.0%. Revenue moved down 1.5% 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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