SHPR501(c)(7) · MEDIUMNAICS 713910EIN 41-1865981
Spring Hill Golf Club
Wayzata, MN · founded 1998
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.01M
▲ 6.2% YoY
FY23 Total Expenses
$5.79M
▲ 17.2% YoY
Operating Margin
17.5%
revenue minus expenses ÷ revenue
Employees
135
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.0M
▲ 85.4% / 5y
Expenses
$5.8M
▲ 48.0% / 5y
Total Assets
$18.3M
▲ 32.4% / 5y
Total Liabilities
$395K
▲ 87.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.8M | $5.2M | $5.2M | $6.6M | $7.0M | +85.4% |
| Expenses | $3.9M | $4.2M | $4.2M | $4.9M | $5.8M | +48.0% |
| Net surplus | -$126K | $1.0M | $1.0M | $1.7M | $1.2M | -1069.9% |
| Total assets | $13.8M | $15.3M | $15.3M | $17.1M | $18.3M | +32.4% |
| Total liabilities | $210K | $290K | $290K | $447K | $395K | +87.7% |
| Net assets | $13.6M | $15.0M | $15.0M | $16.6M | $17.9M | +31.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JEFF KRINGEN DIRECTOR OF· 40h/wk | $278,100 | $9,072 |
TIM JOHNSON SUPERINTENDE· 40h/wk | $266,769 | $8,460 |
+ 10 unpaid officers/directors as reported (ANDREW TURNER, DAVID MILLER, DAVID OXFORD, +7 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 | $4,162,747 |
| INITIATION FEES | $2,065,000 |
| MISCELLANEOUS REVENUE | $14,596 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$16.9M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $105,162 |
| Occupancy | $142,588 |
| Depreciation & depletion | $668,895 |
| Information technology | $16,783 |
| Office expenses | $26,817 |
| Legal fees | $306,836 |
| Accounting fees | $22,900 |
| Other professional fees | $558,439 |
SFounded in 1998, Spring Hill Golf Club reported $7.01M of revenue for FY23, at an operating margin of 17.5%. Revenue moved up 6.2% 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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