NAKO501(c)(7) · MEDIUMNAICS 713910EIN 39-0756838

Nakoma Golf Club

Madison, WI · founded 1983
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$4.46M
▼ 13.3% YoY
FY23 Total Expenses
$4.16M
▲ 15.8% YoY
Operating Margin
6.7%
revenue minus expenses ÷ revenue
Employees
169
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 28.2% / 5y
3.56.86.85.14.5
Expenses
$4.2M
▲ 45.1% / 5y
2.92.92.93.64.2
Total Assets
$12.0M
▲ 200.0% / 5y
4.07.87.811.812.0
Total Liabilities
$5.1M
▲ 37.9% / 5y
3.72.82.85.25.1

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$3.5M$6.8M$6.8M$5.1M$4.5M+28.2%
Expenses$2.9M$2.9M$2.9M$3.6M$4.2M+45.1%
Net surplus$611K$3.9M$3.9M$1.6M$301K-50.7%
Total assets$4.0M$7.8M$7.8M$11.8M$12.0M+200.0%
Total liabilities$3.7M$2.8M$2.8M$5.2M$5.1M+37.9%
Net assets$311K$5.0M$5.0M$6.6M$6.9M+2128.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
BRAD PECK
Head Golf Professional· 50h/wk
$551,552

+ 9 unpaid officers/directors as reported (BRENDA WILCOX, CLINT WALKNER, ED MURPHY, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
Oliphant Haltom Golf LLC
PLOVER, WI
Professional services$860,100

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$4,133,120
GOLF CART FEES$174,914
GREEN FEES$151,133
MISCELLANEOUS$70,880
CLUB STORAGE$29,640

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.3M
$269K paid down
Net land, buildings & equipment
$10.9M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$885K$1.8M$2.7M$3.5MFY20 · $734KFY20FY21 · $734KFY21FY22 · $3.5MFY22FY23 · $3.3MFY23

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$15,027
Occupancy$562,746
Depreciation & depletion$1,031,745
Advertising & promotion$45
Office expenses$153,843
Accounting fees$95,005
Other professional fees$23,957

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
NAKOMA GOLF CLUB 401(K) SAVINGS PLAN
pension · 45 participants · $1.2M 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.

NFounded in 1983, Nakoma Golf Club reported $4.46M of revenue for FY23, at an operating margin of 6.7%. Revenue moved down 13.3% 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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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