MANK501(c)(7) · MEDIUMNAICS 713910EIN 41-0392470
Mankato Golf Club Inc
Mankato, MN
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.03M
▲ 6.2% YoY
FY23 Total Expenses
$2.90M
▲ 7.7% YoY
Operating Margin
4.3%
revenue minus expenses ÷ revenue
Employees
145
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.0M
▲ 14.7% / 5y
Expenses
$2.9M
▲ 17.0% / 5y
Total Assets
$4.3M
▲ 50.5% / 5y
Total Liabilities
$443K
▼ 26.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.6M | $3.5M | $3.5M | $2.8M | $3.0M | +14.7% |
| Expenses | $2.5M | $2.5M | $2.5M | $2.7M | $2.9M | +17.0% |
| Net surplus | $164K | $1.0M | $1.0M | $160K | $131K | -20.1% |
| Total assets | $2.9M | $4.1M | $4.1M | $4.2M | $4.3M | +50.5% |
| Total liabilities | $603K | $475K | $475K | $437K | $443K | -26.6% |
| Net assets | $2.3M | $3.6M | $3.6M | $3.7M | $3.9M | +71.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAVE TORBENSON General Manager· 40h/wk | $136,478 | $9,792 |
CALLI RODE Board Secretary· 40h/wk | $54,375 | $14,637 |
+ 9 unpaid officers/directors as reported (BEN KAUS, BOB WALDRON, BRIAN CORBETT, +6 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 |
|---|---|
| MEMBERSHIP DUES/ASSESS | $1,469,057 |
| GREENS & OTHER FEES | $306,836 |
| OTHER MEMBER INCOME | $30,106 |
| TRANSFER & INITIATION | $21,081 |
| LOCKER RENTAL INCOME | $13,005 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$2.9M
book value, net of depreciation
Facility age
66%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $49,242 |
| Occupancy | $219,786 |
| Depreciation & depletion | $316,033 |
| Information technology | $6,600 |
| Advertising & promotion | $4,287 |
| Office expenses | $10,187 |
| Legal fees | $0 |
| Accounting fees | $14,600 |
| Other professional fees | $10,780 |
MMankato Golf Club Inc reported $3.03M of revenue for FY23, at an operating margin of 4.3%. Revenue moved up 6.2% 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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