LUVE501(c)(7) · MEDIUMNAICS 713910EIN 41-0635666
Luverne Country Club Inc
Luverne, MN · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$391k
▲ 37.8% YoY
FY23 Total Expenses
$336k
▲ 5.5% YoY
Operating Margin
14.2%
revenue minus expenses ÷ revenue
Employees
28
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$391K
▲ 31.8% / 5y
Expenses
$336K
▼ 0.4% / 5y
Total Assets
$508K
▼ 0.2% / 5y
Total Liabilities
$144K
▼ 9.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $297K | $323K | $323K | $284K | $391K | +31.8% |
| Expenses | $337K | $310K | $310K | $318K | $336K | -0.4% |
| Net surplus | -$40K | $13K | $13K | -$34K | $55K | -237.5% |
| Total assets | $509K | $530K | $530K | $463K | $508K | -0.2% |
| Total liabilities | $160K | $187K | $187K | $154K | $144K | -9.9% |
| Net assets | $350K | $343K | $343K | $309K | $364K | +4.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ANDREW DEBOER, BEN NATH, BRAD VANDER STEEN, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| MEMBER DUES | $267,501 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$407K
book value, net of depreciation
Facility age
76%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Depreciation & depletion | $38,434 |
| Accounting fees | $10,510 |
LFounded in 1945, Luverne Country Club Inc reported $391k of revenue for FY23, at an operating margin of 14.2%. Revenue moved up 37.8% 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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