RACI501(c)(7) · MEDIUMNAICS 713910EIN 39-0554780
Racine Country Club
Mt Pleasant, WI · founded 1944
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$5.16M
▼ 34.3% YoY
FY22 Total Expenses
$4.53M
▲ 24.6% YoY
Operating Margin
12.2%
revenue minus expenses ÷ revenue
Employees
144
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$5.2M
▲ 78.9% / 5y
Expenses
$4.5M
▲ 22.5% / 5y
Total Assets
$9.9M
▲ 94.9% / 5y
Total Liabilities
$2.9M
▲ 4.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $3.5M | $7.9M | $7.9M | $5.2M | +78.9% |
| Expenses | $3.7M | $3.7M | $3.6M | $3.6M | $4.5M | +22.5% |
| Net surplus | -$815K | -$171K | $4.2M | $4.2M | $630K | -177.3% |
| Total assets | $5.1M | $5.0M | $8.5M | $8.5M | $9.9M | +94.9% |
| Total liabilities | $2.8M | $3.0M | $2.2M | $2.2M | $2.9M | +4.9% |
| Net assets | $2.3M | $2.1M | $6.3M | $6.3M | $6.9M | +205.0% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOHN SCHNEIDER General Manager· 40h/wk | $150,077 | — |
+ 10 unpaid officers/directors as reported (ANDREA BUKACEK, CHRISTOPHER RUUD, DAVID JOHNSON, +7 more)
Top contractors
FY22 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| The Attilio Group LLC RACINE, WI | Management services | $113,342 |
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND ASSESSMENTS | $2,454,222 |
| GOLF CART RENTAL | $193,493 |
| GREEN FEES | $100,124 |
| TOURNAMENT INCOME | $43,155 |
| CLUB FUNCTION | $37,299 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$2.5M
▲ $1.0M new borrowing
Net land, buildings & equipment
$8.7M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $101,885 |
| Occupancy | $466,560 |
| Depreciation & depletion | $477,895 |
| Information technology | $27,608 |
| Advertising & promotion | $41,318 |
| Office expenses | $495,184 |
| Legal fees | $3,561 |
| Accounting fees | $123,442 |
| Other professional fees | $159,324 |
RFounded in 1944, Racine Country Club reported $5.16M of revenue for FY22, at an operating margin of 12.2%. Revenue moved down 34.3% 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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