MARS501(c)(7) · MEDIUMNAICS 713910EIN 41-0395645
Marshall Golf Club Inc
Marshall, MN · founded 1983
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.32M
▲ 14.7% YoY
FY23 Total Expenses
$1.28M
▲ 10.9% YoY
Operating Margin
2.5%
revenue minus expenses ÷ revenue
Employees
92
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.3M
▲ 69.6% / 5y
Expenses
$1.3M
▲ 48.6% / 5y
Total Assets
$1.4M
▲ 16.6% / 5y
Total Liabilities
$657K
▲ 36.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $775K | $1.0M | $1.0M | $1.1M | $1.3M | +69.6% |
| Expenses | $863K | $963K | $963K | $1.2M | $1.3M | +48.6% |
| Net surplus | -$88K | $76K | $76K | -$11K | $32K | -136.8% |
| Total assets | $1.2M | $1.2M | $1.2M | $1.2M | $1.4M | +16.6% |
| Total liabilities | $480K | $441K | $441K | $456K | $657K | +36.9% |
| Net assets | $745K | $740K | $740K | $735K | $772K | +3.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ADAM STEFFES, BRAD COOL, JESSE THORDSON, +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 |
|---|---|
| MEMBERSHIP DUES | $394,514 |
| GREEN FEES - NONMEMBERS | $130,636 |
| CART LEASE | $68,243 |
| CART RENTAL - MEMBERS | $33,343 |
| CART SHED RENTAL | $27,086 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$591K
▲ $244K new borrowing
Net land, buildings & equipment
$1.1M
book value, net of depreciation
Facility age
63%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $44,029 |
| Depreciation & depletion | $88,113 |
| Advertising & promotion | $6,553 |
| Office expenses | $16,900 |
| Accounting fees | $6,103 |
| Other professional fees | $36,675 |
MFounded in 1983, Marshall Golf Club Inc reported $1.32M of revenue for FY23, at an operating margin of 2.5%. Revenue moved up 14.7% 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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