ARRO501(c)(7) · MEDIUMNAICS 713910EIN 46-0241901
Arrowhead Country Club
Rapid City, SD · founded 1957
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.56M
▲ 5.1% YoY
FY23 Total Expenses
$4.33M
▲ 7.4% YoY
Operating Margin
5.0%
revenue minus expenses ÷ revenue
Employees
163
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.6M
▲ 55.8% / 5y
Expenses
$4.3M
▲ 52.3% / 5y
Total Assets
$6.9M
▲ 25.8% / 5y
Total Liabilities
$4.4M
▲ 4.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $3.9M | $3.9M | $4.3M | $4.6M | +55.8% |
| Expenses | $2.8M | $3.4M | $3.4M | $4.0M | $4.3M | +52.3% |
| Net surplus | $81K | $446K | $446K | $304K | $227K | +180.9% |
| Total assets | $5.4M | $6.5M | $6.5M | $6.8M | $6.9M | +25.8% |
| Total liabilities | $4.2M | $4.5M | $4.5M | $4.6M | $4.4M | +4.7% |
| Net assets | $1.2M | $1.9M | $1.9M | $2.2M | $2.4M | +98.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ERIC SHARPE GENERAL MANA· 40h/wk | $142,784 | $6,368 |
+ 33 unpaid officers/directors as reported (ADAM MARCUS, CHARLES LOOS, COURTNEY CLAYBORNE, +30 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 | $2,580,511 |
| GUEST FEES | $146,704 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.3M
▼ $136K paid down
Net land, buildings & equipment
$5.2M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $470,302 |
| Depreciation & depletion | $349,761 |
| Advertising & promotion | $101,837 |
| Office expenses | $42,887 |
| Legal fees | $15,494 |
| Accounting fees | $52,596 |
| Other professional fees | $52,044 |
AFounded in 1957, Arrowhead Country Club reported $4.56M of revenue for FY23, at an operating margin of 5.0%. Revenue moved up 5.1% 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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