NORF501(c)(7) · MEDIUMNAICS 713910EIN 47-0253002
Norfolk Country Club
Norfolk, NE · founded 1958
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.71M
▲ 27.0% YoY
FY23 Total Expenses
$1.79M
▲ 15.8% YoY
Operating Margin
-4.7%
revenue minus expenses ÷ revenue
Employees
77
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.7M
▲ 42.5% / 5y
Expenses
$1.8M
▲ 75.7% / 5y
Total Assets
$5.1M
▲ 61.2% / 5y
Total Liabilities
$2.9M
▲ 91.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.7M | $1.7M | $1.3M | $1.7M | +42.5% |
| Expenses | $1.0M | $1.3M | $1.3M | $1.5M | $1.8M | +75.7% |
| Net surplus | $180K | $432K | $432K | -$200K | -$81K | -144.8% |
| Total assets | $3.2M | $5.2M | $5.2M | $5.0M | $5.1M | +61.2% |
| Total liabilities | $1.5M | $2.8M | $2.8M | $2.8M | $2.9M | +91.5% |
| Net assets | $1.6M | $2.5M | $2.5M | $2.3M | $2.2M | +33.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 10 unpaid officers/directors as reported (Brittany Wesch, Chandra Ponniah, Jake Claussen, +7 more)
All 10 listed officers reported $0 compensation — volunteer board.
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.7M
▲ $195K new borrowing
Net land, buildings & equipment
$4.7M
book value, net of depreciation
Facility age
29%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $37,274 |
| Occupancy | $100,067 |
| Depreciation & depletion | $232,182 |
| Advertising & promotion | $7,780 |
| Office expenses | $120,612 |
| Accounting fees | $30,885 |
NFounded in 1958, Norfolk Country Club reported $1.71M of revenue for FY23, at an operating margin of -4.7%. Revenue moved up 27.0% 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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