BHEA501(c)(7) · MEDIUMNAICS 713910EIN 42-0888737
Beaver Hills Country Club
Cedar Falls, IA · founded 1968
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.03M
▲ 7.6% YoY
FY23 Total Expenses
$2.63M
▲ 6.8% YoY
Operating Margin
13.2%
revenue minus expenses ÷ revenue
Employees
89
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.0M
▲ 66.1% / 5y
Expenses
$2.6M
▲ 51.1% / 5y
Total Assets
$4.5M
▲ 30.6% / 5y
Total Liabilities
$1.3M
▲ 10.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.8M | $2.2M | $2.8M | $3.0M | +66.1% |
| Expenses | $1.7M | $1.7M | $2.0M | $2.5M | $2.6M | +51.1% |
| Net surplus | $84K | $84K | $185K | $353K | $400K | +379.1% |
| Total assets | $3.5M | $3.5M | $3.8M | $4.0M | $4.5M | +30.6% |
| Total liabilities | $1.2M | $1.2M | $1.3M | $1.3M | $1.3M | +10.1% |
| Net assets | $2.2M | $2.2M | $2.4M | $2.8M | $3.2M | +41.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHAD HOFFMAN CAO· 40h/wk | $134,895 | — |
+ 10 unpaid officers/directors as reported (BETHANY BENNER, BILL TYE, BRAD WHITE, +7 more)
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 AND AS | $1,595,531 |
| DINING ROOM SALES | $789,585 |
| PRO SHOP | $478,587 |
| GREEN FEES | $98,249 |
| PARKING SPACE INCOME | $18,375 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$664K
▲ $80K new borrowing
Net land, buildings & equipment
$2.9M
book value, net of depreciation
Facility age
66%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $46,188 |
| Depreciation & depletion | $271,619 |
| Information technology | $8,891 |
| Advertising & promotion | $3,424 |
| Office expenses | $7,062 |
| Accounting fees | $10,650 |
BFounded in 1968, Beaver Hills Country Club reported $3.03M of revenue for FY23, at an operating margin of 13.2%. Revenue moved up 7.6% 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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