WOOD501(c)(7) · MEDIUMNAICS 713910EIN 41-0619490
Woodhill Country Club
Wayzata, MN · founded 1944
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.23M
▲ 15.7% YoY
FY23 Total Expenses
$6.89M
▲ 8.9% YoY
Operating Margin
4.7%
revenue minus expenses ÷ revenue
Employees
236
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.2M
▲ 28.3% / 5y
Expenses
$6.9M
▲ 44.1% / 5y
Total Assets
$13.8M
▼ 48.4% / 5y
Total Liabilities
$2.3M
▲ 44.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.6M | $5.9M | $5.9M | $6.2M | $7.2M | +28.3% |
| Expenses | $4.8M | $5.7M | $5.7M | $6.3M | $6.9M | +44.1% |
| Net surplus | $852K | $267K | $267K | -$79K | $337K | -60.4% |
| Total assets | $26.7M | $12.3M | $12.3M | $11.9M | $13.8M | -48.4% |
| Total liabilities | $1.6M | $1.0M | $1.0M | $796K | $2.3M | +44.9% |
| Net assets | $25.1M | $11.2M | $11.2M | $11.1M | $11.5M | -54.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL GUSTAFSON General Manager· 40h/wk | $213,468 | $30,294 |
PAUL KELLEY Head Golf Professional· 40h/wk | $176,213 | $7,036 |
TORSTEN ARNOLD Assistant General Manager· 40h/wk | $111,259 | $4,420 |
ERIK TOLZMANN GROUNDS DEPT SUPERVISOR· 40h/wk | $106,031 | — |
+ 14 unpaid officers/directors as reported (ASHLEY MEHBOD, DAVID WEYERHAEUSER, GORDY STOFER, +11 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 | $3,414,028 |
| CAPITAL IMPROVEMENT FEES | $1,093,061 |
| INITIATION FEES | $882,633 |
| GUEST FEES | $202,470 |
| GOLF CART & LOCKER RENTAL | $161,076 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$564K
▲ $564K new borrowing
Net land, buildings & equipment
$11.1M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $139,744 |
| Occupancy | $453,193 |
| Depreciation & depletion | $684,665 |
| Information technology | $20,475 |
| Advertising & promotion | $16,171 |
| Office expenses | $336,791 |
| Legal fees | $863 |
| Accounting fees | $25,489 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WOODHILL COUNTRY CLUB PROFIT SHARING & 401(K) PLAN
pension · 50 participants · $2.0M assets · FY2024
WFounded in 1944, Woodhill Country Club reported $7.23M of revenue for FY23, at an operating margin of 4.7%. Revenue moved up 15.7% 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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