CRYC501(c)(7) · MEDIUMNAICS 713910EIN 52-2710000
Chester River Yacht & Country Club Of Chestertown Inc
Chestertown, MD · founded 1948
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.99M
▲ 4.1% YoY
FY23 Total Expenses
$2.73M
▲ 12.1% YoY
Operating Margin
8.7%
revenue minus expenses ÷ revenue
Employees
110
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.0M
▲ 30.1% / 5y
Expenses
$2.7M
▲ 41.8% / 5y
Total Assets
$5.9M
▲ 28.3% / 5y
Total Liabilities
$3.3M
▲ 1.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $2.6M | $2.6M | $2.9M | $3.0M | +30.1% |
| Expenses | $1.9M | $2.2M | $2.2M | $2.4M | $2.7M | +41.8% |
| Net surplus | $374K | $466K | $466K | $439K | $262K | -29.9% |
| Total assets | $4.6M | $5.2M | $5.2M | $5.7M | $5.9M | +28.3% |
| Total liabilities | $3.3M | $3.3M | $3.3M | $3.4M | $3.3M | +1.1% |
| Net assets | $1.4M | $1.9M | $1.9M | $2.4M | $2.6M | +93.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 13 unpaid officers/directors as reported (BETH ANDREWS, BILL COOPER, CREG FLEETWOOD, +10 more)
All 13 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Dan Philippon CHESTERTOWN, MD | Management services | $250,384 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,115,917 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.1M
▼ $81K paid down
Net land, buildings & equipment
$3.3M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $99,533 |
| Occupancy | $360,630 |
| Depreciation & depletion | $340,258 |
| Information technology | $35,725 |
| Advertising & promotion | $1,573 |
| Office expenses | $75,632 |
| Accounting fees | $7,800 |
CFounded in 1948, Chester River Yacht & Country Club Of Chestertown Inc reported $2.99M of revenue for FY23, at an operating margin of 8.7%. Revenue moved up 4.1% 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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