LCAK501(c)(7) · MEDIUMNAICS 713910EIN 42-0754142
Lake City Country Club
Lake City, IA · founded 1972
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$459k
▲ 26.8% YoY
FY23 Total Expenses
$406k
▲ 21.7% YoY
Operating Margin
11.5%
revenue minus expenses ÷ revenue
Employees
24
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$459K
▲ 75.5% / 5y
Expenses
$406K
▲ 57.5% / 5y
Total Assets
$571K
▲ 15.9% / 5y
Total Liabilities
$213K
▼ 30.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $261K | $366K | $366K | $362K | $459K | +75.5% |
| Expenses | $258K | $293K | $293K | $334K | $406K | +57.5% |
| Net surplus | $4K | $73K | $73K | $28K | $53K | +1338.2% |
| Total assets | $492K | $534K | $534K | $543K | $571K | +15.9% |
| Total liabilities | $306K | $257K | $257K | $238K | $213K | -30.5% |
| Net assets | $186K | $277K | $277K | $305K | $358K | +92.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 5 unpaid officers/directors as reported (ALISHA BATZ, JIM BROWN, LUKE SCHUMACHER, +2 more)
All 5 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 |
|---|---|
| BUILDING ASSESSMENT | $34,200 |
| SPECIAL EVENTS | $12,654 |
| GREEN FEES - 990T | $12,069 |
| SHED RENTAL | $11,856 |
| CART RENTAL - 990T | $9,909 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$472K
book value, net of depreciation
Facility age
41%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $14,145 |
| Occupancy | $20,588 |
| Depreciation & depletion | $26,033 |
| Information technology | $4,457 |
| Advertising & promotion | $11,569 |
| Office expenses | $2,653 |
| Accounting fees | $3,673 |
LFounded in 1972, Lake City Country Club reported $459k of revenue for FY23, at an operating margin of 11.5%. Revenue moved up 26.8% 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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