WLES501(c)(7) · MEDIUMNAICS 713910EIN 42-0821054

West Liberty Golf And Country Club

West Liberty, IA · founded 1972
14 filings on recordFY 20112024medium confidence
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FY24 Total Revenue
$451k
▲ 6.6% YoY
FY24 Total Expenses
$435k
▲ 6.3% YoY
Operating Margin
3.5%
revenue minus expenses ÷ revenue
Employees
35
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$451K
▲ 17.1% / 5y
385385395423451
Expenses
$435K
▲ 35.4% / 5y
322322353410435
Total Assets
$523K
▲ 13.1% / 5y
462462495508523
Total Liabilities
$4K
▼ 71.3% / 5y
1616654

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$385K$385K$395K$423K$451K+17.1%
Expenses$322K$322K$353K$410K$435K+35.4%
Net surplus$64K$64K$42K$14K$16K-75.3%
Total assets$462K$462K$495K$508K$523K+13.1%
Total liabilities$16K$16K$6K$5K$4K-71.3%
Net assets$447K$447K$489K$503K$518K+16.0%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther

+ 9 unpaid officers/directors as reported (ANDY THURNESS, BRITTNEY SMEJKEL, GERIANNE HOWELL, +6 more)

All 9 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 ASSESSMENTS$169,832
GREEN FEES RENTALS$73,671
TOURNAMENT INCOME$18,485
MISCELLANEOUS INCOME$7,989

Balance sheet & capital

FY24 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$221K
book value, net of depreciation
Facility age
81%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$3K$6K$9K$12KFY20 · $12KFY20FY21 · $12KFY21FY22 · $2KFY22

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$0
Occupancy$0
Depreciation & depletion$34,924
Information technology$0
Advertising & promotion$0
Office expenses$0
Legal fees$0
Accounting fees$0
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.

WFounded in 1972, West Liberty Golf And Country Club reported $451k of revenue for FY24, at an operating margin of 3.5%. Revenue moved up 6.6% 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
Form 990, FY2024 · period ending Thu Oct 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 11 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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