FARG501(c)(7) · MEDIUMNAICS 713910EIN 45-0129400

Fargo Country Club Inc

Fargo, ND · founded 1942
14 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$5.10M
▲ 11.4% YoY
FY23 Total Expenses
$4.48M
▲ 5.4% YoY
Operating Margin
12.0%
revenue minus expenses ÷ revenue
Employees
180
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$5.1M
▲ 1509.2% / 5y
3173.94.44.65.1
Expenses
$4.5M
▲ 1333.6% / 5y
3133.54.04.34.5
Total Assets
$10.9M
▲ 53.9% / 5y
7.16.76.610.010.9
Total Liabilities
$6.3M
▲ 60.6% / 5y
3.93.22.85.96.3

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$317K$3.9M$4.4M$4.6M$5.1M+1509.2%
Expenses$313K$3.5M$4.0M$4.3M$4.5M+1333.6%
Net surplus$4K$375K$412K$323K$613K+15433.9%
Total assets$7.1M$6.7M$6.6M$10.0M$10.9M+53.9%
Total liabilities$3.9M$3.2M$2.8M$5.9M$6.3M+60.6%
Net assets$3.2M$3.5M$3.8M$4.1M$4.6M+45.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
DAVID SCHULTZ
GENERAL MANAGER (STARTED 03/2023)· 40h/wk
$148,485$9,198
DAVID LORENTZ JR
Golf Course Superintendent· 40h/wk
$101,475$6,981

+ 11 unpaid officers/directors as reported (DAN DOEDEN, IAN MCLEAN, JESS MCLAUGHLIN, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES & ASSESSMENTS$4,579,102

FFounded in 1942, Fargo Country Club Inc reported $5.10M of revenue for FY23, at an operating margin of 12.0%. Revenue moved up 11.4% 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)
+ 11 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click