STIL501(c)(7) · MEDIUMNAICS 713910EIN 41-0561535

Stillwater Country Club Inc

Stillwater, MN · founded 1939
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$2.39M
▲ 20.5% YoY
FY23 Total Expenses
$2.05M
▲ 6.5% YoY
Operating Margin
14.5%
revenue minus expenses ÷ revenue
Employees
79
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$2.4M
▲ 36.8% / 5y
1.72.22.22.02.4
Expenses
$2.0M
▲ 22.9% / 5y
1.71.81.81.92.0
Total Assets
$4.0M
▲ 29.4% / 5y
3.13.63.63.74.0
Total Liabilities
$67K
▼ 4.5% / 5y
70707010467

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$1.7M$2.2M$2.2M$2.0M$2.4M+36.8%
Expenses$1.7M$1.8M$1.8M$1.9M$2.0M+22.9%
Net surplus$86K$378K$378K$64K$348K+305.8%
Total assets$3.1M$3.6M$3.6M$3.7M$4.0M+29.4%
Total liabilities$70K$70K$70K$104K$67K-4.5%
Net assets$3.0M$3.6M$3.6M$3.6M$4.0M+30.2%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
MARLIN MURPHY
Golf Course Superintendent· 40h/wk
$110,868
DAVID WOLF
CLUBHOUSE MANAGER· 40h/wk
$90,925

+ 9 unpaid officers/directors as reported (ASHLEY COCHRAN, CURT HUDAK, JEFF GALOWITZ, +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 itemAmount
MEMBERSHIP FEES$1,414,575
GREENS FEES$244,361
CART RENTAL INCOME$214,978
OTHER PROGRAM SERVICE$48,725
LOCKER RENTAL$24,315

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$3.0M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX
Insurance$59,151
Occupancy$210,597
Depreciation & depletion$299,318
Information technology$31,975
Office expenses$9,532
Accounting fees$17,820

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

SFounded in 1939, Stillwater Country Club Inc reported $2.39M of revenue for FY23, at an operating margin of 14.5%. Revenue moved up 20.5% 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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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