FHOR501(c)(7) · MEDIUMNAICS 713910EIN 41-0835837

Forest Hills Golf Club Inc

Forest Lake, MN · founded 2018
9 filings on recordFY 20102022medium confidence
FY22 Total Revenue
$1.57M
▲ 39.0% YoY
FY22 Total Expenses
$1.53M
▲ 17.3% YoY
Operating Margin
2.7%
revenue minus expenses ÷ revenue
Employees
67
headcount as reported on filing

The Five-Year Picture

FY2018 — FY2022 · as filed
Revenue
$1.6M
▲ 63.4% / 5y
9628901.11.11.6
Expenses
$1.5M
▲ 59.5% / 5y
9599651.31.31.5
Total Assets
$2.4M
▲ 11.3% / 5y
2.22.42.42.42.4
Total Liabilities
$1.2M
▲ 56.3% / 5y
7611.01.21.21.2

Year-on-year detail

from IRS Form 990
LineFY18FY19FY20FY21FY22Δ total
Revenue$962K$890K$1.1M$1.1M$1.6M+63.4%
Expenses$959K$965K$1.3M$1.3M$1.5M+59.5%
Net surplus$3K-$75K-$173K-$173K$42K+1289.2%
Total assets$2.2M$2.4M$2.4M$2.4M$2.4M+11.3%
Total liabilities$761K$1.0M$1.2M$1.2M$1.2M+56.3%
Net assets$1.4M$1.3M$1.2M$1.2M$1.2M-12.9%

Officer & staff compensation

FY22 · from IRS Form 990
Officer · EmployeeReportableOther
TODD KUEPPERS
General Manager· 40h/wk
$72,423$3,210
MATT NADEAU
General Manager· 40h/wk
$17,435$1,853

+ 9 unpaid officers/directors as reported (BRYAN SCHWARTZ, JACKIE SUTTON, JAKE LIPP, +6 more)

Top contractors

FY22 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY22 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$671,621
GREEN FEES & CART RENT$316,277
SPECIAL ASSESSMENTS$145,955
SIMULATOR USE$32,874

FFounded in 2018, Forest Hills Golf Club Inc reported $1.57M of revenue for FY22, at an operating margin of 2.7%. Revenue moved up 39.0% 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, 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)
Form 990, FY2020 · period ending Thu Dec 31 2020 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 6 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
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click