CARR501(c)(7) · MEDIUMNAICS 713910EIN 42-0170025
Carroll Country Club Inc
Carroll, IA · founded 1943
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$558k
▼ 11.7% YoY
FY23 Total Expenses
$722k
▼ 0.7% YoY
Operating Margin
-29.2%
revenue minus expenses ÷ revenue
Employees
41
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$558K
▼ 26.6% / 5y
Expenses
$722K
▲ 2.4% / 5y
Total Assets
$632K
▼ 32.9% / 5y
Total Liabilities
$372K
▼ 31.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $761K | $761K | $782K | $632K | $558K | -26.6% |
| Expenses | $704K | $704K | $800K | $727K | $722K | +2.4% |
| Net surplus | $57K | $57K | -$18K | -$94K | -$163K | -386.7% |
| Total assets | $942K | $942K | $695K | $789K | $632K | -32.9% |
| Total liabilities | $540K | $540K | $262K | $367K | $372K | -31.1% |
| Net assets | $401K | $401K | $433K | $423K | $260K | -35.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (JAY WEISENBORN, JUSTIN YETMAR, MATT HACKFORT, +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 FEES & ASSESSMENTS | $316,159 |
| GREEN FEES - NON-MEMBERS | $82,887 |
| SOCIAL EVENTS | $23,982 |
| CART HOUSE RENT | $19,679 |
| GOLF CART RENTAL | $19,287 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$459K
book value, net of depreciation
Facility age
80%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $28,080 |
| Depreciation & depletion | $31,343 |
| Advertising & promotion | $350 |
| Office expenses | $5,694 |
| Accounting fees | $3,865 |
CFounded in 1943, Carroll Country Club Inc reported $558k of revenue for FY23, at an operating margin of -29.2%. Revenue moved down 11.7% 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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