TCRI501(c)(7) · MEDIUMNAICS 713910EIN 42-0569095
Tri City Golf Club
Luana, IA · founded 1960
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$328k
▼ 5.3% YoY
FY24 Total Expenses
$314k
▲ 10.6% YoY
Operating Margin
4.2%
revenue minus expenses ÷ revenue
Employees
13
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$328K
▲ 49.8% / 5y
Expenses
$314K
▲ 44.1% / 5y
Total Assets
$338K
▲ 74.9% / 5y
Total Liabilities
$37K
▲ 238.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $219K | $284K | $284K | $346K | $328K | +49.8% |
| Expenses | $218K | $266K | $266K | $284K | $314K | +44.1% |
| Net surplus | $875 | $17K | $17K | $62K | $14K | +1465.8% |
| Total assets | $193K | $254K | $254K | $290K | $338K | +74.9% |
| Total liabilities | $11K | $32K | $32K | $3K | $37K | +238.3% |
| Net assets | $182K | $222K | $222K | $287K | $301K | +65.1% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (ANGIE MOHS, BRIAN BUGENHAGEN, DARRYL SCHLITTER, +5 more)
All 8 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 item | Amount |
|---|---|
| Membership Dues & Assessments | $181,820 |
| GOLF CART RENTAL | $41,106 |
| GREEN FEES | $37,860 |
| PRIVATE PARTY RENTAL | $2,970 |
| MISCELLANEOUS INCOME | $2,528 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$287K
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $7,467 |
| Occupancy | $27,703 |
| Depreciation & depletion | $19,765 |
| Information technology | $0 |
| Advertising & promotion | $555 |
| Office expenses | $2,824 |
| Legal fees | $0 |
| Accounting fees | $3,668 |
| Other professional fees | $106 |
TFounded in 1960, Tri City Golf Club reported $328k of revenue for FY24, at an operating margin of 4.2%. Revenue moved down 5.3% 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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