WASH501(c)(7) · MEDIUMNAICS 713910EIN 42-0586723

Washington Golf & Country Club

Washington, IA · founded 1946
13 filings on recordFY 20122024medium confidence
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FY24 Total Revenue
$351k
▲ 5.4% YoY
FY24 Total Expenses
$374k
▲ 10.7% YoY
Operating Margin
-6.6%
revenue minus expenses ÷ revenue
Employees
13
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$351K
▲ 39.2% / 5y
252320320333351
Expenses
$374K
▲ 26.7% / 5y
295290290338374
Total Assets
$368K
▲ 3.3% / 5y
357390390374368
Total Liabilities
$24K
▼ 50.1% / 5y
471717624

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$252K$320K$320K$333K$351K+39.2%
Expenses$295K$290K$290K$338K$374K+26.7%
Net surplus-$43K$30K$30K-$5K-$23K-46.3%
Total assets$357K$390K$390K$374K$368K+3.3%
Total liabilities$47K$17K$17K$6K$24K-50.1%
Net assets$310K$373K$373K$368K$345K+11.4%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther

+ 8 unpaid officers/directors as reported (ADAM MANGOLD, DUANE VANWINKLE, DUSTIN PECK, +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 itemAmount
MEMBERSHIP DUES$161,340
CLUBHOUSE/RESTAURANT$116,020
COURSE INCOME/CART STORAGE$71,601

Balance sheet & capital

FY24 · IRS Form 990, Part X
Mortgages & notes payable
$0
$2K paid down
Net land, buildings & equipment
$368K
book value, net of depreciation
Facility age
48%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$1K$2K$3K$4KFY21 · $4KFY21FY22 · $4KFY22FY23 · $2KFY23FY24 · $0FY24

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
Occupancy$67,765
Depreciation & depletion$12,802
Advertising & promotion$1,347
Office expenses$5,485
Legal fees$125
Accounting fees$4,491

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.

WFounded in 1946, Washington Golf & Country Club reported $351k of revenue for FY24, at an operating margin of -6.6%. Revenue moved up 5.4% 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 Mon Sep 30 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
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)
+ 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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