WEST501(c)(7) · MEDIUMNAICS 713910EIN 43-0641050
Westborough Country Club
Saint Louis, MO · founded 1950
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.12M
▲ 16.8% YoY
FY23 Total Expenses
$8.04M
▲ 17.2% YoY
Operating Margin
0.9%
revenue minus expenses ÷ revenue
Employees
259
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.1M
▲ 10.7% / 5y
Expenses
$8.0M
▲ 41.1% / 5y
Total Assets
$13.5M
▲ 25.5% / 5y
Total Liabilities
$6.1M
▼ 6.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.3M | $8.3M | $8.3M | $6.9M | $8.1M | +10.7% |
| Expenses | $5.7M | $6.1M | $6.1M | $6.9M | $8.0M | +41.1% |
| Net surplus | $1.6M | $2.1M | $2.1M | $87K | $76K | -95.4% |
| Total assets | $10.7M | $12.6M | $12.6M | $12.9M | $13.5M | +25.5% |
| Total liabilities | $6.6M | $5.3M | $5.3M | $5.6M | $6.1M | -6.9% |
| Net assets | $4.2M | $7.3M | $7.3M | $7.3M | $7.3M | +76.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JIM CAPEK General Manager· 40h/wk | $215,432 | $5,772 |
KARIM MADATALI Head Tennis Professional· 40h/wk | $141,879 | — |
ALEJANDRO ANGULO Executive Chef· 40h/wk | $136,439 | — |
JEFFREY FIELD Head Golf Professional· 40h/wk | $133,574 | $1,180 |
TIMOTHY ALLEN SUPERINTENDENT - UNTIL 03/2023· 40h/wk | $125,283 | $2,889 |
+ 14 unpaid officers/directors as reported (CHRISTOPHER BURTON, HANK MURPHY, JEFF ELDRED, +11 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 |
|---|---|
| DUES & ASSESSMENTS | $4,765,747 |
| SERVICE CHARGES | $607,189 |
| GOLF | $559,883 |
| INITIATION FEES | $338,290 |
| FITNESS CENTER FEES | $191,601 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.7M
▲ $716K new borrowing
Net land, buildings & equipment
$10.7M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $189,300 |
| Occupancy | $452,385 |
| Depreciation & depletion | $847,671 |
| Office expenses | $269,456 |
| Legal fees | $10,142 |
| Accounting fees | $59,880 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WESTBOROUGH COUNTRY CLUB 401(K) PROFIT SHARING
pension · 56 participants · $840K assets · FY2024
WFounded in 1950, Westborough Country Club reported $8.12M of revenue for FY23, at an operating margin of 0.9%. Revenue moved up 16.8% 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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