MOOR501(c)(7) · MEDIUMNAICS 713910EIN 41-0424834
Moorhead Country Club Inc
Moorhead, MN · founded 1972
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.34M
▼ 16.5% YoY
FY23 Total Expenses
$2.30M
▲ 13.3% YoY
Operating Margin
1.9%
revenue minus expenses ÷ revenue
Employees
110
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.3M
▲ 40.9% / 5y
Expenses
$2.3M
▲ 42.2% / 5y
Total Assets
$2.5M
▲ 122.4% / 5y
Total Liabilities
$2.0M
▲ 98.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.7M | $1.6M | $1.6M | $2.8M | $2.3M | +40.9% |
| Expenses | $1.6M | $1.3M | $1.3M | $2.0M | $2.3M | +42.2% |
| Net surplus | $47K | $259K | $259K | $777K | $45K | -5.2% |
| Total assets | $1.1M | $1.4M | $1.4M | $1.8M | $2.5M | +122.4% |
| Total liabilities | $1.0M | $1.1M | $1.1M | $1.4M | $2.0M | +98.2% |
| Net assets | $106K | $321K | $321K | $435K | $480K | +351.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (ALICIA LARSON, CHARLIE ERICKSON, DAN HELM, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Darin Luebke Contracting LLC FARGO, ND | Construction & renovation | $107,018 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESMENTS | $899,255 |
| GOLF COURSE INCOME | $286,107 |
| CART RENTAL | $175,818 |
| CLUBHOUSE INCOME | $116,982 |
| TOURNAMENT | $80,373 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$913K
▲ $547K new borrowing
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
71%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $33,267 |
| Occupancy | $187,627 |
| Depreciation & depletion | $111,584 |
| Information technology | $3,399 |
| Advertising & promotion | $60,224 |
| Office expenses | $83,412 |
| Legal fees | $1,200 |
| Accounting fees | $65,528 |
| Other professional fees | $38,572 |
MFounded in 1972, Moorhead Country Club Inc reported $2.34M of revenue for FY23, at an operating margin of 1.9%. Revenue moved down 16.5% 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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