ELMW501(c)(7) · MEDIUMNAICS 713910EIN 42-0234210

Elmwood Country Club

Marshalltown, IA · founded 1971
12 filings on recordFY 20122023medium confidence
FY23 Total Revenue
$1.82M
▼ 9.1% YoY
FY23 Total Expenses
$1.80M
▲ 9.6% YoY
Operating Margin
0.8%
revenue minus expenses ÷ revenue
Employees
66
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$1.8M
▲ 38.2% / 5y
1.31.12.32.01.8
Expenses
$1.8M
▲ 31.9% / 5y
1.41.31.61.61.8
Total Assets
$2.5M
▲ 113.3% / 5y
1.21.12.32.52.5
Total Liabilities
$1.0M
▲ 69.5% / 5y
6027671.21.11.0

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$1.3M$1.1M$2.3M$2.0M$1.8M+38.2%
Expenses$1.4M$1.3M$1.6M$1.6M$1.8M+31.9%
Net surplus-$51K-$198K$714K$355K$15K-129.6%
Total assets$1.2M$1.1M$2.3M$2.5M$2.5M+113.3%
Total liabilities$602K$767K$1.2M$1.1M$1.0M+69.5%
Net assets$551K$353K$1.1M$1.4M$1.4M+161.1%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 9 unpaid officers/directors as reported (ANDREW RANDALL, ERIN MCGREGOR, JONATHAN VANCE, +6 more)

All 9 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 itemAmount
GOLF CART RENTAL FEES$139,027
GOLF GREEN FEES$117,830
OTHER CHARGES$29,271
SERVICE CHARGES$6,049

EFounded in 1971, Elmwood Country Club reported $1.82M of revenue for FY23, at an operating margin of 0.8%. Revenue moved down 9.1% 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, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 9 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
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