WOOD501(c)(7) · MEDIUMNAICS 713910EIN 41-0619490

Woodhill Country Club

Wayzata, MN · founded 1944
13 filings on recordFY 20112023medium confidence
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
5.65.45.96.27.2
Expenses
$6.9M
▲ 44.1% / 5y
4.85.05.76.36.9
Total Assets
$13.8M
▼ 48.4% / 5y
26.712.112.311.913.8
Total Liabilities
$2.3M
▲ 44.9% / 5y
1.61.11.07962.3

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$5.6M$5.4M$5.9M$6.2M$7.2M+28.3%
Expenses$4.8M$5.0M$5.7M$6.3M$6.9M+44.1%
Net surplus$852K$399K$267K-$79K$337K-60.4%
Total assets$26.7M$12.1M$12.3M$11.9M$13.8M-48.4%
Total liabilities$1.6M$1.1M$1.0M$796K$2.3M+44.9%
Net assets$25.1M$11.0M$11.2M$11.1M$11.5M-54.2%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
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 itemAmount
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

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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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