INTE501(c)(7) · MEDIUMNAICS 713910EIN 41-0328845
Interlachen Country Club
Minneapolis, MN · founded 1936
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$20.90M
▲ 4.7% YoY
FY24 Total Expenses
$17.55M
▲ 8.2% YoY
Operating Margin
16.0%
revenue minus expenses ÷ revenue
Employees
424
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$20.9M
▲ 61.8% / 5y
Expenses
$17.5M
▲ 64.3% / 5y
Total Assets
$60.9M
▲ 82.5% / 5y
Total Liabilities
$26.5M
▲ 137.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $12.9M | $12.9M | $19.9M | $20.0M | $20.9M | +61.8% |
| Expenses | $10.7M | $10.7M | $14.7M | $16.2M | $17.5M | +64.3% |
| Net surplus | $2.2M | $2.2M | $5.2M | $3.7M | $3.4M | +49.9% |
| Total assets | $33.4M | $33.4M | $38.7M | $48.4M | $60.9M | +82.5% |
| Total liabilities | $11.1M | $11.1M | $11.3M | $17.3M | $26.5M | +137.7% |
| Net assets | $22.2M | $22.2M | $27.3M | $31.0M | $34.4M | +54.7% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Joel Livingood General Manager/CEO· 40h/wk | $564,098 | $66,950 |
Nathan Ollhoff Director of Golf· 40h/wk | $310,021 | $65,682 |
Carrie Eyler Assistant General Manager· 40h/wk | $219,787 | $33,134 |
Sean Lawler Chief Financial Officer· 40h/wk | $205,476 | $33,442 |
Brian Boll- Director of Golf Course and Grounds· 40h/wk | $203,860 | $32,372 |
Aaron Anderson Executive Chef· 40h/wk | $165,185 | $29,846 |
Shawn Bamhart IT Manager· 40h/wk | $115,319 | — |
Jeff Keiser - Director of Marketing and Communicatio· 40h/wk | $114,118 | $20,975 |
Ryan Sullivan Locker Room Manager· 40h/wk | $108,449 | $25,062 |
Luke Benoit Director of Golf Instruction· 40h/wk | $101,459 | $7,533 |
+ 9 unpaid officers/directors as reported (Brett Habstritt, Colby Lund, David Oxford, +6 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Membership dues | $8,816,633 |
| Assessment fees | $6,042,675 |
| Initiation fees | $1,468,489 |
| Club member services | $1,179,775 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$23.0M
▲ $9.8M new borrowing
Net land, buildings & equipment
$54.8M
book value, net of depreciation
Facility age
28%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $200,952 |
| Occupancy | $1,259,889 |
| Depreciation & depletion | $2,295,117 |
| Office expenses | $309,634 |
| Legal fees | $17,472 |
| Accounting fees | $44,000 |
| Other professional fees | $1,098,034 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
INTERLACHEN COUNTRY CLUB 401(K) RETIREMENT PLAN
pension · 101 participants · $8.5M assets · FY2024
IFounded in 1936, Interlachen Country Club reported $20.90M of revenue for FY24, at an operating margin of 16.0%. 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
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