LMCI501(c)(7) · MEDIUMNAICS 713910EIN 42-0645901
Lakeview Country Club Of Madison County Iowa Inc
Winterset, IA · founded 2022
2 filings on recordFY 2022–2023medium confidence
Compare to peers →FY23 Total Revenue
$458k
▲ 29.6% YoY
FY23 Total Expenses
$244k
▲ 0.7% YoY
Operating Margin
46.6%
revenue minus expenses ÷ revenue
Employees
11
headcount as reported on filing
The Five-Year Picture
FY2022 — FY2023 · as filed
Revenue
$458K
▲ 29.6% / 2y
Expenses
$244K
▲ 0.7% / 2y
Total Assets
$512K
▲ 71.4% / 2y
Total Liabilities
$950
▼ 7.7% / 2y
Year-on-year detail
from IRS Form 990
| Line | FY22 | FY23 | Δ total |
|---|---|---|---|
| Revenue | $353K | $458K | +29.6% |
| Expenses | $243K | $244K | +0.7% |
| Net surplus | $110K | $213K | +93.1% |
| Total assets | $299K | $512K | +71.4% |
| Total liabilities | $1K | $950 | -7.7% |
| Net assets | $298K | $511K | +71.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (CHAD NORDSTROM, JASON KLEEMEIER, JEFF ALCORN, +5 more)
All 8 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 |
|---|---|
| Membership Dues & Assessments | $183,036 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$119K
book value, net of depreciation
Facility age
75%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $11,619 |
| Occupancy | $34,726 |
| Depreciation & depletion | $3,418 |
| Information technology | $0 |
| Advertising & promotion | $186 |
| Office expenses | $1,898 |
| Legal fees | $0 |
| Accounting fees | $0 |
| Other professional fees | $0 |
LFounded in 2022, Lakeview Country Club Of Madison County Iowa Inc reported $458k of revenue for FY23, at an operating margin of 46.6%. Revenue moved up 29.6% 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
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