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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

TRIP501(c)(7) · MEDIUMNAICS 713910EIN 39-0671450

Tripoli Country Club

Brown Deer, WI · founded 1942

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$7.76M

▲ 4.7% YoY

FY23 Total Expenses

$7.79M

▲ 8.3% YoY

Operating Margin

-0.4%

revenue minus expenses ÷ revenue

Employees

250

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$7.8M

▲ 4.3% / 5y

Expenses

$7.8M

▲ 11.1% / 5y

Total Assets

$10.5M

▼ 4.2% / 5y

Total Liabilities

$8.9M

▼ 4.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.4M	$6.4M	$6.4M	$7.4M	$7.8M	+4.3%
Expenses	$7.0M	$6.3M	$6.3M	$7.2M	$7.8M	+11.1%
Net surplus	$429K	$55K	$55K	$223K	-$28K	-106.6%
Total assets	$10.9M	$10.1M	$10.1M	$10.1M	$10.5M	-4.2%
Total liabilities	$9.3M	$8.7M	$8.7M	$8.5M	$8.9M	-4.8%
Net assets	$1.6M	$1.4M	$1.4M	$1.6M	$1.6M	-1.2%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
CARL GRANBERG General Manager· 40h/wk	$237,815	$10,096
TERRY CONWAY Golf Course Superintendent· 40h/wk	$117,578	$5,850
KEITH LUCE Executive Chef· 40h/wk	$112,675	$13,925
JEFF PODBIELSKI Controller· 40h/wk	$94,862	$3,377

+ 13 unpaid officers/directors as reported (ALYSON STEPKE, DAN AIELLO, DAN HEICHEL, +10 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
DUES	$4,711,955
EVENTS	$1,700,583
GOLF	$632,549
ROOMS	$274,620
INITIATION FEES	$112,950

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$4.3M

▲ $36K new borrowing

Net land, buildings & equipment

$8.2M

book value, net of depreciation

Facility age

67%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$95,223
Occupancy	$656,733
Depreciation & depletion	$699,546
Information technology	$107,501
Advertising & promotion	$64,193
Office expenses	$69,629
Other professional fees	$220,121

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

UNIVERSITY CLUB OF MILWAUKEE 401(K) SAVINGS PLAN

pension · 0 participants · $0 assets · FY2025

UNIVERSITY CLUB OF MILWAUKEE 401(K) SAVINGS PLAN

pension · 0 participants · $1.4M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

TFounded in 1942, Tripoli Country Club reported $7.76M of revenue for FY23, at an operating margin of -0.4%. Revenue moved up 4.7% 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

▸ Form 990, FY2023 · period ending Tue Feb 28 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Mon Feb 28 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Sun Feb 28 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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