HIGH501(c)(7) · MEDIUMNAICS 713910EIN 42-0309398
Highland Golf Club
Iowa Falls, IA · founded 1955
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$458k
▲ 22.3% YoY
FY23 Total Expenses
$443k
▲ 18.8% YoY
Operating Margin
3.3%
revenue minus expenses ÷ revenue
Employees
24
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$458K
▲ 29.7% / 5y
Expenses
$443K
▲ 30.8% / 5y
Total Assets
$1.2M
▲ 28.1% / 5y
Total Liabilities
$525K
▲ 34.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $353K | $347K | $347K | $375K | $458K | +29.7% |
| Expenses | $339K | $337K | $337K | $373K | $443K | +30.8% |
| Net surplus | $14K | $10K | $10K | $2K | $15K | +4.0% |
| Total assets | $910K | $1.2M | $1.2M | $1.2M | $1.2M | +28.1% |
| Total liabilities | $390K | $554K | $554K | $541K | $525K | +34.7% |
| Net assets | $520K | $623K | $623K | $625K | $640K | +23.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (DAVID GIMER, KIRK YUNG, LINCOLN JOHANSEN, +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 |
|---|---|
| FROM CSA IMPORT | $73,709 |
| GREEN FEES | $5,903 |
| LINENS | $4,030 |
| TOURNAMENTS | $2,916 |
| PRO SHOP | $1,005 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$798K
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $13,563 |
| Occupancy | $38,909 |
| Depreciation & depletion | $33,784 |
| Advertising & promotion | $1,374 |
| Office expenses | $10,280 |
| Legal fees | $100 |
| Accounting fees | $5,525 |
HFounded in 1955, Highland Golf Club reported $458k of revenue for FY23, at an operating margin of 3.3%. Revenue moved up 22.3% 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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