FARG501(c)(7) · MEDIUMNAICS 713910EIN 45-0129400
Fargo Country Club Inc
Fargo, ND · founded 1942
14 filings on recordFY 2011–2023medium confidence
Compare to peers →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
▲ 33.9% / 5y
Expenses
$4.5M
▲ 19.3% / 5y
Total Assets
$10.9M
▲ 54.0% / 5y
Total Liabilities
$6.3M
▲ 60.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.8M | $4.4M | $4.4M | $4.6M | $5.1M | +33.9% |
| Expenses | $3.8M | $4.0M | $4.0M | $4.3M | $4.5M | +19.3% |
| Net surplus | $47K | $412K | $412K | $323K | $613K | +1195.0% |
| Total assets | $7.1M | $6.6M | $6.6M | $10.0M | $10.9M | +54.0% |
| Total liabilities | $3.9M | $2.8M | $2.8M | $5.9M | $6.3M | +60.6% |
| Net assets | $3.2M | $3.8M | $3.8M | $4.1M | $4.6M | +46.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
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 item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $4,579,102 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.0M
▲ $147K new borrowing
Net land, buildings & equipment
$8.7M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $120,000 |
| Insurance | $66,423 |
| Occupancy | $315,039 |
| Depreciation & depletion | $469,873 |
| Information technology | $34,862 |
| Advertising & promotion | $195,615 |
| Office expenses | $201,302 |
| Accounting fees | $25,394 |
| Other professional fees | $35,751 |
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
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