MONT501(c)(7) · MEDIUMNAICS 713910EIN 42-0708598

Montezuma Country Club

Montezuma, IA · founded 2019
9 filings on recordFY 20112024medium confidence
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FY24 Total Revenue
$229k
▼ 18.0% YoY
FY24 Total Expenses
$209k
▲ 1.1% YoY
Operating Margin
8.6%
revenue minus expenses ÷ revenue
Employees
11
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$229K
▲ 10.6% / 5y
207207207279229
Expenses
$209K
▲ 28.8% / 5y
162214214207209
Total Assets
$519K
▲ 25.6% / 5y
414431431501519
Total Liabilities
$2K
▼ 63.6% / 5y
76642

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$207K$207K$207K$279K$229K+10.6%
Expenses$162K$214K$214K$207K$209K+28.8%
Net surplus$45K-$7K-$7K$72K$20K-55.9%
Total assets$414K$431K$431K$501K$519K+25.6%
Total liabilities$7K$6K$6K$4K$2K-63.6%
Net assets$407K$425K$425K$497K$517K+27.1%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther

+ 7 unpaid officers/directors as reported (Doug Lauridsen, John VanDerHart, Mike Fleming, +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
Golfing & Clubhouse$81,096

Balance sheet & capital

FY24 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$340K
book value, net of depreciation
Facility age
19%
accumulated depreciation ÷ cost — higher = older plant

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
Management fees$0
Insurance$12,705
Occupancy$0
Depreciation & depletion$10,169
Information technology$0
Advertising & promotion$396
Office expenses$849
Legal fees$0
Accounting fees$2,150
Other professional fees$0

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.

MFounded in 2019, Montezuma Country Club reported $229k of revenue for FY24, at an operating margin of 8.6%. Revenue moved down 18.0% 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)
+ 6 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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