FHOR501(c)(7) · MEDIUMNAICS 713910EIN 41-0835837
Forest Hills Golf Club Inc
Forest Lake, MN · founded 2018
9 filings on recordFY 2010–2022medium confidence
Compare to peers →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
Expenses
$1.5M
▲ 59.5% / 5y
Total Assets
$2.4M
▲ 11.3% / 5y
Total Liabilities
$1.2M
▲ 56.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ 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 · Employee | Reportable | Other |
|---|---|---|
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 item | Amount |
|---|---|
| MEMBERSHIP DUES | $671,621 |
| GREEN FEES & CART RENT | $316,277 |
| SPECIAL ASSESSMENTS | $145,955 |
| SIMULATOR USE | $32,874 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$597K
▼ $82K paid down
Net land, buildings & equipment
$1.9M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $29,898 |
| Occupancy | $119,055 |
| Depreciation & depletion | $52,448 |
| Advertising & promotion | $4,873 |
| Office expenses | $30,902 |
| Accounting fees | $6,883 |
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
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