RIVE501(c)(7) · MEDIUMNAICS 713910EIN 47-0282550
Riverside Golf Club
Grand Island, NE · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.04M
▼ 2.2% YoY
FY23 Total Expenses
$3.28M
▼ 2.8% YoY
Operating Margin
-7.9%
revenue minus expenses ÷ revenue
Employees
126
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.0M
▲ 19.9% / 5y
Expenses
$3.3M
▲ 30.9% / 5y
Total Assets
$966K
▲ 99.4% / 5y
Total Liabilities
$489K
▲ 211.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.5M | $2.7M | $2.7M | $3.1M | $3.0M | +19.9% |
| Expenses | $2.5M | $2.1M | $2.1M | $3.4M | $3.3M | +30.9% |
| Net surplus | $27K | $593K | $593K | -$268K | -$241K | -977.1% |
| Total assets | $484K | $1.2M | $1.2M | $1.1M | $966K | +99.4% |
| Total liabilities | $157K | $190K | $190K | $363K | $489K | +211.3% |
| Net assets | $327K | $986K | $986K | $717K | $477K | +45.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BOB WALD, CHAD HUDNALL, HAL SCHAGER, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 | $1,634,802 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$25K
book value, net of depreciation
Facility age
2%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $102,665 |
| Insurance | $175,359 |
| Occupancy | $331,460 |
| Depreciation & depletion | $448 |
| Advertising & promotion | $17,736 |
| Office expenses | $74,708 |
| Legal fees | $58,743 |
| Accounting fees | $12,475 |
RFounded in 1941, Riverside Golf Club reported $3.04M of revenue for FY23, at an operating margin of -7.9%. Revenue moved down 2.2% 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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