TIPT501(c)(7) · MEDIUMNAICS 713910EIN 42-1278699
Tipton Country Club Inc
Tipton, IA · founded 1992
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$302k
▲ 25.0% YoY
FY23 Total Expenses
$260k
▲ 18.3% YoY
Operating Margin
14.0%
revenue minus expenses ÷ revenue
Employees
14
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$302K
▲ 37.8% / 5y
Expenses
$260K
▼ 3.7% / 5y
Total Assets
$939K
▲ 160.9% / 5y
Total Liabilities
$486K
▲ 325.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $220K | $191K | $191K | $242K | $302K | +37.8% |
| Expenses | $270K | $169K | $169K | $220K | $260K | -3.7% |
| Net surplus | -$50K | $22K | $22K | $22K | $42K | -184.4% |
| Total assets | $360K | $898K | $898K | $951K | $939K | +160.9% |
| Total liabilities | $114K | $513K | $513K | $542K | $486K | +325.8% |
| Net assets | $246K | $385K | $385K | $409K | $453K | +84.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
TRENT SCHROEDER Board Secretary· 10h/wk | $1,950 | — |
+ 7 unpaid officers/directors as reported (CHRIS PRUESS, DON ROTH, JULIE WILLIAMS, +4 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 |
|---|---|
| COUNTRY CLUB - PUBLIC | $33,344 |
| CLUBHOUSE RENT | $18,750 |
| COUNTRY CLUB - MEMBERS | $7,999 |
| PROGRAM SERVICE REVENUE | $3,167 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$873K
book value, net of depreciation
Facility age
42%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $10,266 |
| Occupancy | $13,852 |
| Depreciation & depletion | $35,196 |
| Advertising & promotion | $2,303 |
| Office expenses | $335 |
| Accounting fees | $4,029 |
TFounded in 1992, Tipton Country Club Inc reported $302k of revenue for FY23, at an operating margin of 14.0%. Revenue moved up 25.0% 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
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