WAYZ501(c)(7) · MEDIUMNAICS 713910EIN 41-0778776
Wayzata Country Club
Wayzata, MN · founded 1958
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.79M
▲ 13.9% YoY
FY23 Total Expenses
$10.30M
▲ 6.2% YoY
Operating Margin
12.6%
revenue minus expenses ÷ revenue
Employees
360
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.8M
▲ 36.4% / 5y
Expenses
$10.3M
▲ 21.0% / 5y
Total Assets
$21.1M
▲ 34.6% / 5y
Total Liabilities
$4.7M
▲ 8.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.6M | $10.5M | $10.5M | $10.3M | $11.8M | +36.4% |
| Expenses | $8.5M | $8.4M | $8.4M | $9.7M | $10.3M | +21.0% |
| Net surplus | $127K | $2.1M | $2.1M | $646K | $1.5M | +1071.3% |
| Total assets | $15.7M | $17.5M | $17.5M | $18.4M | $21.1M | +34.6% |
| Total liabilities | $4.3M | $3.2M | $3.2M | $3.4M | $4.7M | +8.4% |
| Net assets | $11.4M | $14.3M | $14.3M | $14.9M | $16.4M | +44.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHRIS GERARDI GENERAL MANAGER AND COO· 60h/wk | $274,832 | $20,160 |
JESSE TRCKA Golf Course Superintendent· 50h/wk | $159,014 | $15,137 |
BRYAN TURUNEN Head Tennis Professional· 40h/wk | $149,903 | $246 |
JAY FRITZKE CLUB HOUSE MANAGEER· 50h/wk | $145,668 | $18,261 |
MARGET SEEHOF Membership Director· 40h/wk | $139,546 | $1,952 |
MAX ADDLER Head Golf Professional· 40h/wk | $132,046 | $15,617 |
+ 19 unpaid officers/directors as reported (AMY HAUGEN, BRIAN WASSERMAN, DIRK MILLER, +16 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 | $5,140,230 |
| INITIATION FEES | $1,600,003 |
| CAPITAL DUES | $1,170,913 |
| GOLF CART RENTALS | $439,133 |
| GREENS FEES | $405,030 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$17.7M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $167,870 |
| Occupancy | $400,994 |
| Depreciation & depletion | $1,340,441 |
| Advertising & promotion | $55,430 |
| Office expenses | $102,173 |
| Accounting fees | $72,535 |
WFounded in 1958, Wayzata Country Club reported $11.79M of revenue for FY23, at an operating margin of 12.6%. Revenue moved up 13.9% 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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