AADR501(c)(7) · MEDIUMNAICS 713910EIN 41-1728324
Adrian Area Country Club Inc
Adrian, MN · founded 1993
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$371k
▲ 5.9% YoY
FY23 Total Expenses
$363k
▲ 16.9% YoY
Operating Margin
2.2%
revenue minus expenses ÷ revenue
Employees
17
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$371K
▲ 52.3% / 5y
Expenses
$363K
▲ 53.6% / 5y
Total Assets
$1.1M
▲ 20.4% / 5y
Total Liabilities
$118K
▲ 69.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $244K | $263K | $352K | $351K | $371K | +52.3% |
| Expenses | $236K | $236K | $297K | $310K | $363K | +53.6% |
| Net surplus | $7K | $27K | $55K | $40K | $8K | +13.3% |
| Total assets | $881K | $911K | $1.0M | $1.1M | $1.1M | +20.4% |
| Total liabilities | $70K | $72K | $142K | $118K | $118K | +69.6% |
| Net assets | $811K | $839K | $894K | $934K | $942K | +16.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (ALEX KREMER, JARED HENRIKSON, MOLLY SCHILLING, +3 more)
All 6 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 |
|---|---|
| MEMBERSHIP DUES & FEES | $157,638 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$15K
▼ $6K paid down
Net land, buildings & equipment
$807K
book value, net of depreciation
Facility age
32%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $14,851 |
| Occupancy | $24,341 |
| Depreciation & depletion | $31,317 |
| Advertising & promotion | $641 |
| Office expenses | $217 |
| Accounting fees | $6,268 |
AFounded in 1993, Adrian Area Country Club Inc reported $371k of revenue for FY23, at an operating margin of 2.2%. Revenue moved up 5.9% 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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