HHAP501(c)(7) · MEDIUMNAICS 713910EIN 42-0816888

Happy Hollow Country Club

Corning, IA · founded 1984
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$198k
▼ 2.5% YoY
FY23 Total Expenses
$211k
▼ 3.3% YoY
Operating Margin
-6.4%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$198K
▲ 4.1% / 5y
190192192203198
Expenses
$211K
▲ 1.0% / 5y
209191191218211
Total Assets
$219K
▼ 8.4% / 5y
239223223228219
Total Liabilities
$24K
▼ 27.9% / 5y
3423233324

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$190K$192K$192K$203K$198K+4.1%
Expenses$209K$191K$191K$218K$211K+1.0%
Net surplus-$18K$404$404-$15K-$13K-30.9%
Total assets$239K$223K$223K$228K$219K-8.4%
Total liabilities$34K$23K$23K$33K$24K-27.9%
Net assets$205K$201K$201K$195K$195K-5.2%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 5 unpaid officers/directors as reported (Cody Pegg, Corey Moore, KIRK BRANDT, +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 itemAmount
ProShop Sales$48,302
Cart Package Income$8,609
Womens League Income$2,875
Uncategorized Income$1,915
Real Estate Income$1,581

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$201K
book value, net of depreciation
Facility age
71%
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

FY23 · Form 990, Part IX
Management fees$0
Insurance$10,647
Occupancy$4,456
Depreciation & depletion$11,133
Information technology$0
Advertising & promotion$388
Office expenses$12,507
Legal fees$0
Accounting fees$4,173
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.

HFounded in 1984, Happy Hollow Country Club reported $198k of revenue for FY23, at an operating margin of -6.4%. Revenue moved down 2.5% 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, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 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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