SHEB501(c)(7) · MEDIUMNAICS 713910EIN 39-0610580
Sheboygan Country Club
Sheboygan, WI · founded 1942
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$4.27M
▲ 9.7% YoY
FY24 Total Expenses
$3.72M
▲ 8.4% YoY
Operating Margin
12.7%
revenue minus expenses ÷ revenue
Employees
130
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$4.3M
▲ 50.9% / 5y
Expenses
$3.7M
▲ 28.5% / 5y
Total Assets
$9.8M
▲ 31.2% / 5y
Total Liabilities
$3.6M
▲ 60.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.8M | $2.8M | $3.4M | $3.9M | $4.3M | +50.9% |
| Expenses | $2.9M | $2.9M | $3.6M | $3.4M | $3.7M | +28.5% |
| Net surplus | -$72K | -$72K | -$124K | $455K | $542K | -851.9% |
| Total assets | $7.5M | $7.5M | $8.7M | $9.3M | $9.8M | +31.2% |
| Total liabilities | $2.3M | $2.3M | $3.5M | $3.6M | $3.6M | +60.0% |
| Net assets | $5.2M | $5.2M | $5.3M | $5.6M | $6.2M | +18.7% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
TED OSMUNDSON PGA GENERAL MANAGER· 40h/wk | $134,654 | $24,254 |
THOMAS SPELTZ Golf Course Superintendent· 40h/wk | $108,192 | — |
+ 12 unpaid officers/directors as reported (ANDY RINDT, JEREMY UDOVICH, KENDALL KANE, +9 more)
Top contractors
FY24 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| A Chappa Construction SHEBOYGAN FALLS, WI | Construction & renovation | $2,090,968 |
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,034,229 |
| CAPITAL ASSESSMENTS | $514,019 |
| GREEN FEES | $216,007 |
| CART RENTALS | $203,547 |
| SPECIAL EVENTS | $67,568 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$0
▼ $65K paid down
Net land, buildings & equipment
$8.5M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $54,845 |
| Occupancy | $181,199 |
| Depreciation & depletion | $418,855 |
| Advertising & promotion | $3,275 |
| Office expenses | $12,651 |
| Accounting fees | $98,761 |
| Other professional fees | $634 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SHEBOYGAN PINE HILLS COUNTRY CLUB 401(K) PLAN
pension · 20 participants · $1.2M assets · FY2024
SFounded in 1942, Sheboygan Country Club reported $4.27M of revenue for FY24, at an operating margin of 12.7%. Revenue moved up 9.7% 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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