INTE501(c)(7) · MEDIUMNAICS 713910EIN 41-0328850
Interlaken Golf Club Inc
Fairmont, MN · founded 1945
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$827k
▲ 30.3% YoY
FY23 Total Expenses
$955k
▲ 39.6% YoY
Operating Margin
-15.5%
revenue minus expenses ÷ revenue
Employees
43
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$827K
▼ 0.4% / 5y
Expenses
$955K
▲ 37.0% / 5y
Total Assets
$2.5M
▼ 4.0% / 5y
Total Liabilities
$333K
▲ 61.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $830K | $830K | $635K | $635K | $827K | -0.4% |
| Expenses | $697K | $697K | $684K | $684K | $955K | +37.0% |
| Net surplus | $133K | $133K | -$49K | -$49K | -$128K | -196.5% |
| Total assets | $2.6M | $2.6M | $2.5M | $2.5M | $2.5M | -4.0% |
| Total liabilities | $206K | $206K | $194K | $194K | $333K | +61.8% |
| Net assets | $2.4M | $2.4M | $2.3M | $2.3M | $2.1M | -9.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BILL SUPALLA, COREY WELCHLIN, CRAIG ST JOHN, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| GOLF CLUB MEMBERSHIP DUES | $360,422 |
| GOLF CART RENTALS/STORAGE | $126,770 |
| EVENTS | $114,210 |
| GREEN FEES | $57,455 |
| PULL TAB RENT | $4,822 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$237K
▲ $28K new borrowing
Net land, buildings & equipment
$2.4M
book value, net of depreciation
Facility age
2%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $27,788 |
| Occupancy | $64,244 |
| Depreciation & depletion | $15,704 |
| Advertising & promotion | $8,178 |
| Office expenses | $29,282 |
| Accounting fees | $17,296 |
IFounded in 1945, Interlaken Golf Club Inc reported $827k of revenue for FY23, at an operating margin of -15.5%. Revenue moved up 30.3% 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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