| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.8M | $2.4M | $2.4M | $2.7M | $3.1M | +13.4% |
| Expenses | $3.0M | $3.1M | $3.1M | $3.4M | $3.8M | +25.0% |
| Net surplus | -$268K | -$612K | -$612K | -$670K | -$658K | +145.6% |
| Total assets | $4.6M | $5.0M | $5.0M | $6.7M | $7.8M | +70.6% |
| Total liabilities | $552K | $478K | $478K | $2.0M | $2.5M | +354.1% |
| Net assets | $4.0M | $4.5M | $4.5M | $4.7M | $5.3M | +31.7% |
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL FOLEY Head Golf Professional· 40h/wk | $143,956 | $27,093 |
SARA CAIRNS General Manager· 40h/wk | $139,515 | $26,074 |
JAMES BADE Golf Course Superintendent· 40h/wk | $137,472 | $35,277 |
+ 15 unpaid officers/directors as reported (BETH JACKSON, BILL LENTSCH, DANIEL GRIMSRUD, +12 more)
No contractors reported.
| Line item | Amount |
|---|---|
| TENNIS, POOL, AND GOLF FEES | $218,867 |
| OTHER | $19,449 |
| MINIMUM CHARGE | $14,264 |
| PRO SHOP ENTRY FEES | $9,239 |
SFounded in 1944, Somerset Country Club reported $3.13M of revenue for FY23, at an operating margin of -21.0%. Revenue moved up 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.