TRAE501(c)(7) · MEDIUMNAICS 713910EIN 42-0567977

Traer Golf & Country Club

Traer, IA · founded 1958
13 filings on recordFY 20122024medium confidence
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FY24 Total Revenue
$218k
▼ 12.6% YoY
FY24 Total Expenses
$221k
▲ 8.3% YoY
Operating Margin
-1.5%
revenue minus expenses ÷ revenue
Employees
17
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$218K
▲ 35.6% / 5y
161337337249218
Expenses
$221K
▲ 26.0% / 5y
176207207204221
Total Assets
$267K
▲ 29.0% / 5y
207267267307267
Total Liabilities
$90K
▼ 63.9% / 5y
24813213212690

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$161K$337K$337K$249K$218K+35.6%
Expenses$176K$207K$207K$204K$221K+26.0%
Net surplus-$15K$130K$130K$45K-$3K-78.3%
Total assets$207K$267K$267K$307K$267K+29.0%
Total liabilities$248K$132K$132K$126K$90K-63.9%
Net assets-$41K$135K$135K$181K$177K-529.9%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther

+ 7 unpaid officers/directors as reported (CHRIS JONES, CHRIS STANSBERRY, DWIGHT HULME, +4 more)

All 7 listed officers reported $0 compensation — volunteer board.

Top contractors

FY24 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBER BRUNCHESDINNERS$2,684
SPECIAL EVENT INCOME$475

Balance sheet & capital

FY24 · IRS Form 990, Part X
Mortgages & notes payable
$90K
$37K paid down
Net land, buildings & equipment
$177K
book value, net of depreciation
Facility age
77%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$33K$66K$99K$132KFY21 · $132KFY21FY22 · $132KFY22FY23 · $126KFY23FY24 · $90KFY24

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY24 · Form 990, Part IX
Insurance$15,877
Depreciation & depletion$19,458

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

TFounded in 1958, Traer Golf & Country Club reported $218k of revenue for FY24, at an operating margin of -1.5%. Revenue moved down 12.6% 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, FY2024 · period ending Wed Jan 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Tue Jan 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Jan 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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